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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 05, 2024 8:27am
141 Views
Post# 36072753

RE:Very quiet??

RE:Very quiet??

True, and while we eye strategic partners we are left to wonder what potential strategic partners are looking for that we don't yet have ? Canadian gov support is one thing and is important but American support is another significant thing and should speak volumes to all potential strategic partners.

if they are waitin* to see a land deal, that will happen and should be obvious....if it's the Updated FS study, thas is also a given and with gold where it is and where its projected to go, along with great things on BMs / CMs to come,  the economics of the project will be significantly improved over the 2014 FS.

the biggest variable outside of revised project expenses, inflation etc seems to rest with the huge potential of our largest in the world, little known and critical metal, Bismuth. Couple that with Rio Tinto's waste stream processing ( which RG is comfortable is very doable one of two ways).

Lil ole FT with its North American permited deposit ready to go with its advanced and comprehensive  processing plan is miles and years ahead of any other .... so we are back to ...what are the waiting for? 

fair to say that RG is not giving away a 5 billion dollar project, whose future potential is huge, for peanuts.....we wait....

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