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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 geolithon Nov 05, 2024 2:39pm
69 Views
Post# 36297486

RE:INSTINET TAKING FT DOWN TO 4.5 CENTS !

RE:INSTINET TAKING FT DOWN TO 4.5 CENTS !The 15:59 club is a large one and getting bigger.  Short selling, naked or otherwise is rampent throughout the junior market as there are a few critical characteristics of these junior stocks.  1) They have no source of revenue, 2) they require revenue to operate and MUST spend listing, legal and audit fees.  and 3) They typically have one source of revenue and that is to sell shares.
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