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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 > Battles To Fight
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Post by Lottenon Dec 16, 2022 5:22am
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Post# 35175078

Battles To Fight

Battles To FightIn my opinion it looks like Mr.Goad has more battles to fight than the visible ones. That could explain some of the lack of progress regarding the Nico project.

Still it's also my opinion that the mine is coming some day. The metals are needed. The Nico project is to valuable to let it fade away. Perhaps Mr. Goad is not the man to take the company to production, but who knows?

Have a nice weekend!
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