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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Post by Wangotango67on Sep 06, 2023 6:53am
144 Views
Post# 35621342

EXISTING ROAD IMAGE

EXISTING ROAD IMAGEExcuse the blurred image

Compare the proposed road with existing road ?
No brainer.... obviously the existing road has only
a small section to adjoin to the road leading to
Yellowknife. ( far cheaper ).

The proposed larger road ( in my opinion ) has become
a deterrence not to mention cost many years and shares
waiting for it... And most likely would aide other mines, which
one could chalk up as - cost Fortune shareholders time / money.
Money ?
More shares to carry the junior year after, year.... racks the shares up
reducing shareholder value.

Added blue - circles and arrow - pointing to existing road
https://live.staticflickr.com/65535/53168519350_752e04d54e_m.jpg


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