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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 Lottenon Jul 17, 2024 9:22am
163 Views
Post# 36136333

RE:RE:RE:RE:RE:What would be happened with C$1.4375 million!!!!

RE:RE:RE:RE:RE:What would be happened with C$1.4375 million!!!!There is a big difference between knowing the deposit well, and having the ability to move this project forward in my opinion. There are many things to list, but I choose to focus on the last issue that makes me doubt Mr. Goad's leadership skills. The company paid for months for an option to buy a site for the refinery. Then they finally find a way to finance it, enter into a final agreement with the seller, and pay an advance. Then one month later the company choose to let the option expire without buying the site. The shareholders are kept in complete ignorance of what is happening. Just a vague message that they want to come to a new agreement with the seller. This is not good leadership.And it also shows an arrogance towards all shareholders.
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