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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 Jun 02, 2024 1:32pm
165 Views
Post# 36068367

RE:RE:RE:RE:The first awards to Canadian public mining and mineral!

RE:RE:RE:RE:The first awards to Canadian public mining and mineral!

Could very well be the only new info that they would like to include is the stand alone or blend option of the Rio Tinto tailings ... that testing could be several months ? 

stand alone today with gold where it's is at along with known optimizations, we are a nice project and likely will be very profitable. However any delay in the FS may be because of RT wanting all the goods tested to make the decision to partner or buy  us ?? 

RG seems to have a lot of confidence the the plant can do the processing and is a function of which way. 

its almost is like puting one's apples in one basket waiting on the RT and not sure that that is the best way to go ... obviously RG is weighing this as he said in one interview he could make things happen in a nano second but wants some $$ investment from a battery maker or Auto manufacturer maybe that comes before the RT testing results ? Just thoughts ... 


we wait ...

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