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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 redon Dec 17, 2024 9:02am
51 Views
Post# 36365903

RE:Re: Naughty or Nice

RE:Re: Naughty or Nice

The only news we will get for now is what we get on this China situation and will come from all the news outlets that allows us to keep the dream alive until FT and RT are in a position to announce findings of its testing and that will probably coincide with the FS?

as long as China continues to pose a threat in the news, it's the only fuel we get for now as they control the CMs that every one else wants - remarkable that we ( the world) are even in this situation but in the end bodes well for us. We have a unique deposit like no other in NA and the only reason we are still around.

our succession plan seems to revolve around a FS and take over lol. 

all said and done mine and process facility done simultaneously along with final permits  this thing is in production in 2-3 years ? - who else has that ? 

In the north, the Tlicho are speaking publically and locally of the importance of mining in the north including CMs and lots about participating in the process. Few if any mention the Nico deposit which is absurd as it's in their back yard and means significant employment to them as they look for answers to diamond mine closures - just follow tlicho CEO on LinkedIn and you will see - hard to imagine that there is no back room discussions.

having followed this current CEO over many years while at Deton Cho ( which he turned around into the black big time)  it's all about mining and partnerships, low risk and leverage. For those that don't know, tlicho work big time with RT.....dollars to doughnuts there is more going on than we know on this front, could be that RG does not even know,  but there is, imo, more to this story yet to unfold. 

we wait 

 

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