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Bullboard - Stock Discussion Forum
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.
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TSX:FT - Post Discussion
Fortune Minerals Ltd
> Reality check
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•••
Allman
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Post by
Allman
on Jan 19, 2022 11:49am
Reality check
As of noon today, FT's known gold reserves are up USD 30.58 million ($27.80 x 1.11 Moz).
(363)
•••
red
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Comment by
red
on Jan 20, 2022 7:47am
True Jim, I am sure FT would be happy to entertain the questions and if a guy really wanted and can get thru to Robin one would have his hands full as he truly knows this inside and out. alman note is significant on our gold along with yours on gold cobalt and copper ...we are a unique deposit....not to discount the bismuth component ( largest known in the world) yet to rear its head
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(8)
•••
MoneyMan123456
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Comment by
MoneyMan123456
on Jan 20, 2022 9:03am
All, I wish you luck as your one man company strolls into the bank to get his 1 billion dollar loan for construction. At your current cash burn of 560,000 per month, plus accounts payable, you have about 1 year until you are out of cash and need additional financing. No one here seems to be able to defend the financial outlook of the Nico mine. Everyone relies on the idea
...more
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