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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 ProfessorMetalon Jun 16, 2023 10:33am
242 Views
Post# 35500073

Sadly we get what we deserve.

Sadly we get what we deserve. The complacenacy in which people have watched this come down to this level, really tells you you get what you deserve.
Rather than a constant newsfeed about critical metals info - you people need to look in the mirror.
This stock is closing in on $0.03.
Literally every post should be about how we can replace this managemnet as soon as possible.
We will need a white knight to save this. How anyone anyperson could have voted to support this management team is to say the least surprising.
Without going into all the issues - just look at the share price performance during the last few years.
Despite all the tailwinds that should have lifting this higher.
You get what you deserve. And you must really ask yourself, if they miss deadlines for just putting in paperwork and also cannot even seem to figure out where to process the material - how in the world could you trust this team to build a large project like this is the question I am asking and you should ask yourself.
When the vote comes around again. I will be voting against this management team, just in pure principle. As my small investment and value here has been destroyed. But yet the deposit and support from the locals and the Federal Govt seems solid.
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