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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

Post by parahyangamon Feb 21, 2023 8:38am
285 Views
Post# 35295873

WE WAIT

WE WAITHas anyone looked at the monster losses sustained by Aurcana (2018  - 2021) and OSMI (2016, 2017 - Ouray Silver Mines inc)?
> 60 million USD in total. 

How TF do you reconcile this with the claim on the ground by FT operations "expert" Romaniuk in the spring of 2014 that JUST 6 or 7 million was needed to bring the Revenue mine into production. A claim layered over the other claim that FT had purchased a "producing asset" from Star Mines. 

There happens to be just a small problem folks: Neither Star Mines, FT, OSMI or Aurcana has produced any silver or revenues of any kind in 10 yrs of BS. That is a ton of world leading "expertise" collectively beyond incompetent.

FT Shares outstanding now near 500 million. Another death spiral debenture waiting in the wings Dec 2023.

Everything on this board and that coming from HQ is complete and utter BS.

73.5 million shares will hit the market in a couple of weeks.



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