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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 10:24am
108 Views
Post# 36073082

RE:RE:Very quiet??

RE:RE:Very quiet??

Then update the 2014 FS that we have based on what we know today. 

We can wait on the results from the RT testing and when done there is no guarantee that RT will do anything ( or is there?) 

by the way RG is talking, it's one of two ways to process RT material and both of which he is confident can be done. Why not separate that and add the benifit of that to the updated FS when we get those results and a commitment from RT. 

if RG is confident it can be processed, put a line item in the updated FS to insert that info when we have it as it will only make what we know now look better. 

waiting and putting all one's eggs in one basket never goes well. 

Sounds simple but we have "waited"  a long time as it is and further delay for something that has no guaranteed investment from RT,  is risky and may be a mistake that we can't afford. ..... unless ofcourse there is more to the the RT test results that we don't know. 

So who knows ? We wait ..... 

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