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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 > The Chinese Impact, Good Or Bad?
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Comment by parahyangamon Dec 10, 2022 11:10am
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Post# 35163753

RE:RE:RE:RE:The Chinese Impact, Good Or Bad?

RE:RE:RE:RE:The Chinese Impact, Good Or Bad?FM has had 300+ million invested in Arctos and NICO by its own efforts and various parties

more like 500+ million if one adds in supporting infrastructure by 3rd parties, namely provincial and territorial governments

Then, a debenture that is a miniscule, barely visible fraction of that value

waits for seven years

and then

exactly one minute to midnight

converts

and

70 million shares at 8 cents are issued.


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