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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 > IMO management has no more .......
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Post by vega509on Nov 28, 2023 11:45am
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Post# 35756408

IMO management has no more .......

IMO management has no more .......
credibility
shareholders to fleece
money to keep themselves living large
empty promises that anyone would believe

Fortune went public Nov 7 1997 at $7.70 / share ($14.40 in todays money). the stock never reached that price again. for the most part it has been all downhill with the ocasional and short lived uptick. those who invested at the outset have been rewarded with a 99.83% loss and can take comfort the execs rarely missed a payday.

other than collecting paychecks, what has management accomplished in 26 years?
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