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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

Post by parahyangamon Dec 01, 2022 8:40am
194 Views
Post# 35142368

"NICO is highly under explored".

"NICO is highly under explored".The management has done everything under the sun to destroy their credibility and the company's financial position.

The level of incompetence is breathtaking.

Between various parties a total net aggregate of 400-500 million has been invested in NICO and ARCTOS. In ground value is in the hundreds of billions.

That is not counting the NWT 200 million dollar road to nowhere skirting the NICO deposit.

Or the tens of millions of dollars blown in Colorado. The hundreds of millions in share dilution translating into massive losses in market cap.

Can anybody be this stupid? Really?



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