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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 redon Jan 23, 2023 7:56am
149 Views
Post# 35239246

RE:The 200 million Whati road

RE:The 200 million Whati roadThe road was not out there just for a few hundred people, but it sure looks good to say. It's certainly there to maximize opportunity to near term projects, beit FT mining, other exploration or hydro, but certainly to open the area for tlicho benifits.

The diamond mines are at end of life and everyone  knows it and is scared of later impact, drawing too much attention at this time, to the real reasons only allows environmentalists to ramp up. So yeah I don't doubt there is thinking done that we don't know about. It's now there, the road is there performing well and is significant the the area development. 

bottom line the right amount of initial money, followed by that financing, puts FT in production in +/- 3 years ? In this CM BM situation NA faces...( where reportedly users are scrambling for NA sources) .....there is simply no other like it in NA 

and I agree with Jim, big boys waiting to see what initial fed or other money this project attracts before jumping in. Disappointing and can't happen fast enough for us ? Yes ...but it's the way of business 

we wait....
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