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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd > S.Korea, Canada to sign agreement on supply chains
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Comment by parahyangamon Nov 25, 2022 11:19am
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Post# 35128211

RE:RE:S.Korea, Canada to sign agreement on supply chains

RE:RE:S.Korea, Canada to sign agreement on supply chains ARCTOS: 500 BILLION USD deposit.
Billion with a B,
400-500 million invested to date.
Two hundred million of that total by POSCO (Korean).
BC government has prepared rail and hydro.

NICO:  5 - 7 billion USD deposit.
125 million invested to date.
POSCO = current major Fortune shareholder.

WHY:

Did Teck Resources Ltd, with their head office in Vancouver, not take Arctos off the hands of Conoco-Philips?

They are the world's 2nd largest steel-making coal miner with vast infrastructure and multiple business products.

Teck Share price: $ 47 CAD.
EPS: $8.53
Q dividened = 12.5 cents.
7.77 million shares outsatnding

Fortune share price = 8 cents.
360 million shares outstanding

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