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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 ToadyToadmanon Sep 08, 2023 9:49am
163 Views
Post# 35625879

RE:anyone buying?

RE:anyone buying?I am waiting for a bit of a pop. if this can get back up to 0.04-0.05 I will take the loss and sell.
My position is not big but I have been in this one for a long while and the writing is on the wall for all to see.
There will be no improvement for the SP unless consolidation and financing happens (brutal for current shareholders) or buyout for pennies on the dollar.
Regardless of SP I want to frontrun december because taxloss season will be a killing blow to FT.
Uranium is where I will recover losses here
GLTA
DYODD
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