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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 Freedom2022on Oct 03, 2024 12:32pm
76 Views
Post# 36251896

RE:RE:UNFORTUNATELY!!!

RE:RE:UNFORTUNATELY!!!Well thats just silly, of course they have the reserves , problem for FT has always been Expence and timming , NWT expencive and gold deposit too small just for a gold mine, EV push making us relevant at all ! Rio may have doubts about the potential expansion of Nico, but imo  its more like the Bismuth put us over the top according to the USA DOD, second cobalt and Gold a bonus, 2027 was the approx year they wanted production for cobalt defecit ,, Lets all just be happy the Field work for final decision is ongoing again after a dormant time,,, a consol is 50/50 regardless of what is said by the Company or Bullboard folks,, FT is on "Simmer"  lets hope the FT cooks dont burn it lol,  cheers!
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