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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Post by Allmanon Dec 18, 2024 2:48pm
76 Views
Post# 36368649

Exchange rate impact on Fortune Minerals

Exchange rate impact on Fortune MineralsSince the US grant money announcement in May of this year, the US dollar has increased by about 10 cents resulting in more than $CA600,000 additional Canadian dollars - that can't be a bad thing for Fortune Minerals project finance decision work . As well, the impact on FT fair value in Canadian dollars is significantly in the right direction - maybe one day this'll get reflected in the share price. FT must be that much more attractive now as an M&A target.
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