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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 Notmyfirstrodeoon Nov 18, 2024 3:44pm
111 Views
Post# 36318589

RE:RE:Nico has 1.1 mill oz of gold plus …….

RE:RE:Nico has 1.1 mill oz of gold plus …….There's real no hurry for any kind of deal since it takes 20 years to get a mine permitted to start work. It's possible that with a change of government the process may speed up but the first step is to change the government. Investment is leaving Canada and with Trump as president in the US people will invest their money where they pay less taxes and get a better return. I figure about two years before we get the change we need to make this mine possible until then there will be endless regulations to work through. One oil company spent a billion dollars trying to get a project going in Alberta and they finally gave up without ever putting a shovel in the ground and all because the federal government kept putting roadblocks in the way. 
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