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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 > TECK RESOURCES
View:
Post by parahyangam on May 31, 2023 6:14am

TECK RESOURCES

Take a look at their financials & earnings.

Earnings are largely derived from multiple anthracite coal mines located in central and southern BC.

These mines are one of the largest tax treasure troves for the BC government.

Arctos, the world's largest anthracite deposit, was put up as collateral in 2014 for a 30 million dollar loan.

Who or what is Lascaux Resource Capital?
Comment by elitespooner on May 31, 2023 3:51pm
Good point, the AAJV partners maintain the exclusive right to purchase back the coal licenses at the same price for a 10-year option period.