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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 Mar 10, 2023 4:27pm
89 Views
Post# 35331688

RE:RE:RE:RE:RE:RE:RE:Interesting Interview

RE:RE:RE:RE:RE:RE:RE:Interesting Interview

The glut of cobalt on the market now is known to be short lived based on all reported accounts of future demand and ....that futures ( not to distant) continues to look goad .... oops meant good. 

what is it about, those in boardrooms who know, but don't act ( on us ) or do they know?? The one and only near term permitted project in NA ( one of few in the world) with an unique CM mix with gold, sits idle with 45 NDAs which also sit idle!! Leads me to ask what they must not know or not be comforanble with or something something about FT.

I think the first five points you raise are already answered ( in house ) and seems to me a formality that a FS will prove. 

the last four are the variables TBD and may be the answer to my own question about what they don't know but is enough to create doubt that also they don't move. 

we have a loosely reported $ 700 million project is 10 or 20 million gonna do much for us ? Loan guarantees might be helpful depending on the fine print. !! 

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