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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 Feb 27, 2023 7:33am
67 Views
Post# 35306565

RE:RE:RE:RE:RE:FT corporate presentation - March 2023

RE:RE:RE:RE:RE:FT corporate presentation - March 2023I like others have probably been buying over a long time based on what's going on around us and less on the basis of what's been said or not said and forgetting to look beyond as you and some others have......we each make our wine ...and we drink it. 

We are at the point of....and I think we agree, that in this CM BM environment the Nico deposit has ( or should have) value. It's like a last resort to us cause we have nothing Else to work with.

Like any appraisal of an asset, even with dreamed up value of components, it's all a function of what someone is willing to pay. The added value of a team to go with this asset could affect the value, based on what we have seen it's not been in a positive way.....we are at a loss as to why and hence left to think some underhanded objectives are at play. Even while being vocal about it mgmt seems to do little if anything to change that....so we are back to what's it worth and who is interested and what might they be willing to pay? Sad state of affairs when we are left to play a waiting game.

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