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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

Comment by geolithon Dec 27, 2022 6:43pm
141 Views
Post# 35192908

RE:long road

RE:long roadOnce an economic resource is define at a Canadian deposit and a positive feasibility study supports that, it typically takes a decade or more to get through permitting, EGS, financing before construction can start. Investors need to understand this. Politicians need to know. Support for BM and CM just means we'll see benefits in 10 years or so. You can parallel track a bit to compress this time line a bit, but a new favorite saying, Nine women can't make a baby in a month.
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