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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

Post by Lottenon Oct 09, 2024 4:21am
151 Views
Post# 36258876

Takeover

Takeover
As Baserunner and Jim, I have the most faith in a takeover.

There is a high probability that all activity that has been done recently has been done with the aim of facilitating a takeover. And that all activity in the near future will imply the same. Fortune has little, or no chance of developing the Nico project itself. Bigger muscles are needed here. Much bigger muscles. Regardless of government money or not.

Mr. Goad will have to do the work that is necessary even if the cost to current shareholders will sting. Then he's done.Why should he care now when he has failed to create lasting shareholder value since 1988? I've written about it in previous posts, and won't bore you with repeating myself. The story could have been different if the management had been replaced some years ago, but we will never know.

My opinion, and thanks for reading. My last post on this board.

Good luck to everyone regardless of your opinion.
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