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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 > exchange rate
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Comment by parahyangamon Dec 05, 2022 1:06pm
133 Views
Post# 35151359

RE:RE:RE:exchange rate

RE:RE:RE:exchange rateTTIF:

You might have mentioned that FM paid for the Fundamental Research Report by Siddarth Rajeev dated Oct 12, 2016.

The silver mine debacle is brushed off in one line.

Mr Rajeev omitted mentioning that the FM news release of May 9, 2014 stated FM had bought a "producing asset" with "the first concentrate produced in May". 

Yet the FM financials never showed any meaningful income from the Revenue mine during FM's ownership.

Either management was incompetent or there is another explanation.




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