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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 Allmanon May 09, 2023 2:11pm
134 Views
Post# 35439016

RE:Investor relations

RE:Investor relations TTF has a point, the lights are still on. That said, it's frustrating as heck as we wait in the dark. From my layman perspective, I suspect that the audit may be a bit more complicated this year considering 2022 announcements such as, 1. the Alberta refinery site announcement (and Fortune Minerals Saskatchewan Inc relevancy) and 2. Debenture settlement. Also, there could be a new set of eyes doing audit, which could see some things differently than previously. FTMDF is still trading around same unit value as before CTO, so that must be a good omen. Let's hope we hear some positive news ASAP!
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