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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 > Big Week - Place Your Bets !
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Comment by MoneyMan123456on Nov 27, 2022 11:32am
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Post# 35131950

RE:RE:RE:Big Week - Place Your Bets !

RE:RE:RE:Big Week - Place Your Bets !You know, that might be the best option for Fortune going forward,

In a bankruptcy sale, it is a put up, or shut up type of auction.   There is a defined and timely finish and someone is going to get it, regardless.

Any interested parties will bid, and shareholders will get any leftovers after the lawyers, loans, interest and restructuring firms are paid.  

There might be enough left over for a round of drinks for the readers of this bullboard!
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