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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 Yellowknifer69on Jul 18, 2024 8:59pm
184 Views
Post# 36139411

RE:RE:RE:RE:RE:RE:ASAP!!! But When!!!!

RE:RE:RE:RE:RE:RE:ASAP!!! But When!!!!Hello and good evening longs

Good posts Lotten. I don't necessarily agree with your time lines however.  Why you may ask?

1. FT is closing in on the 30 year mark of deposit discovery

2. Tangible project expenses to date are nearly $130 million

3. Operating cash flow indicates roughly 6 months of life

Both the company and its suffering shareholders have invested cash equity and skin in the game.  In my opinion, the last act of the opera plays out by end of 2024.

In any case, most of us posters have long term equity invested and bailing now makes no sense.

Come on Robin, lets get it rolling and give us some news.

Yellowknifer
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