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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Comment by Lottenon Oct 11, 2022 6:09pm
133 Views
Post# 35018321

RE:RE:RE:RE:I Just Wonder

RE:RE:RE:RE:I Just Wonder
Mr.Goad certainly knows this company inside out. He founded FT almost 35 years ago. So I think no one knows FT better than him. It's a matter of course. But what do we know about his negotiation skills? His ability to convey the benefits to invest in The Nico Project? The market shows little, or limited interest for FT. Shareprice down to 7,5 cents today. Where is the enthusiasm he should create for this project amongst the shareholders. There are to many press releases telling us a minimum of information. The lack of progress is intrusive. Is he tired after so many years in business? And what about his ownership in FT? About 4,5 million shares? (correct me if I'm wrong) Not impressive if you ask me.

After 35 years without manage to make a take off agreement, even if the task is formidable, I find it as a shareholder reasonable to ask the question if he is our man for the future?

That said. Something is obviously going on this fall. Covered by the mist as usual, but let us wait, and give Mr. Goad some more months. We've got nothing to lose.
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