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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 ProfessorMetalon Jul 15, 2023 10:28am
119 Views
Post# 35542516

RE:Oh Canada!

RE:Oh Canada!
Again I arrive to the board to read about why this deal is flopping.
And yet again I read all types of explanations, except ones that would really help us.
It's very surprising that this board didn't light up when head people in this company were able to access shares at a penny, while the shareholders got bupkis in a way of share cancellations.
Please someone show me somewhere why  this stock should rise ?
Doesn't matter at all about the millions spent by goverment to build a road close to the site.
Or really anything else because I see absolutely no positive news. Unless you consider we are no longer in trading halt good news :) Any news ? None regarding the plan for this mine.
Has there been any drilling ? - Nope. Any updated NPV's - Nope. Any partners brought on board ? Nope ?
But again it is very amusing to come to this board. I can tell you for sure if I was a major shareholder I also would have bailed. Like just what recently happened.
But of course if you can buy shares at a penny you probably will be ok. :)
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