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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 redon Dec 12, 2023 7:51am
107 Views
Post# 35779432

RE:RE:RE:RE:RE:RE:best chance?

RE:RE:RE:RE:RE:RE:best chance?

Question becomes ...whose gonna fill thier shoes ? At the rate things are going I guess we down to a sell out ? 

in these times many look not only at the products but what comes with it, what added value is there? Much of this is about people and other than Robin who may just be looking for an exit plan, what do we have to offer on this front? Troy ? Who else ? 

the deposit is there, with it goes a 750 million dollar price tag for development, a plan to get more gold sooner helps. Justification of processing facilities with other feed stock from RT ( significant) and who else ?

an aging CEO, with what looks like no succession? We are down to trying to convince someone else to take the lead, from the outside looking in, this is a tough situation. With RT we are at the table with deep pockets ( and great technical depth) and that's a good thing, we do have this so called macro going on around us, wich is great.....will all this be enough ? 

Elbm got ten million ( looks to be wasted money) and they have no NA deposit,  we got 800 k and we have a 4.5 billion dollar deposit let alone our advanced plan and permits...something wrong with this picture, looks to me unfortunately we are in the west ....and worse being in the northwest. 

if there is a shining light in all this.....RT  operates up here here, clearly they have a declining diamond operation north of us, soon to be decommissioned are they looking to maintain a presence? They have indicated interest in CMs ...Will the testing we are doing now be a catalyst to seal some kinda deal ? Along with RG we can only hope.....we don't have a lot else to work with but what's before is now is better than ever .....We wait....

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