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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > Olympic Dam
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Post by parahyangam on May 04, 2022 8:01pm

Olympic Dam

From the company's website:

".............NICO is an Iron Oxide Copper Gold (“IOCG”) class deposit, also commonly referred to as Olympic Dam-type after the dominant “Super Giant” deposit in South Australia that defines this class".  

What exactly has the company done for the last 20 yrs. to either prove or disprove that NICO 'could' be a 'super giant'?

South Australia's IOCG/Olympic Dam is an enormous operating mine. To put this out on the corporate website without drill results is audacious.

NICO's declared resources come nowhere close to Australia's IOCG mine assets. 

So why is Australian reference still on the company website? So far there has been NO INFORMATION or CONFIRMATION one way or the other.

This is malparactise.

How many Fortune shareholders have been led to believe that there is an underlying substance to this claim? And have misinvested.
Comment by Jim1712 on May 04, 2022 9:31pm
Say what?  Lol.  The Olympic Dam has never been a reason to invest.   It's icing on the cake.   Jim. 
Comment by parahyangam on May 04, 2022 9:42pm
You are correct. Fortune has a 'super giant'. It is called Arctos.
Comment by red on May 04, 2022 10:21pm
Might be good to contact the government of Canada geological survey ....they framed it long ago....just saying. https://publications.gc.ca/collections/collection_2018/rncan-nrcan/m41-11/M41-11-81-2018-eng.pdf I don't know that it's relative but when you have the world largest known bismuth deposit ...( that few seem to care about) maybe there is a relationship to this IOCG thing. Where ...more