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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 > IT 'APPEARS' That FT Has NEGOTIATED a NEW 2024 JFSL OPTION !
View:
Post by ztransforms173 on Aug 13, 2024 4:17pm

IT 'APPEARS' That FT Has NEGOTIATED a NEW 2024 JFSL OPTION !

so FT will NOT REALLY ACQUIRE the JFSL property site but WILL EXECUTE a NEW OPTION [the 2024 OPTION} with some NEW AMENDMENTS

- this MAKES MORE SENSE as Fortune Minerals PRESENTLY does NOT HAVE the CAPITAL to BUY the PROPERTY OUTRIGHT

- they NEED the LIND CD CASH to PAY SGS and other SERVICE PROVIDERS in ORDER to GET the CASH REBATED by the GOVERNMENT GRANT MONIES when they SHOW that these PERMITTED EXPENSES INVOICES are PAID IN FULL

- the TITLE TRANSFER will TAKE PLACE when
FT SUCCESSFULLY COMPLETES the NICO PROJECT CONSTRUCTION FINANCING


z173
Comment by ztransforms173 on Aug 13, 2024 4:58pm
- NOW, we NOW WHY they were VERY TIGHT-LIPPED ! - a PROPERTY TOO FAR for the TIME BEING See: https://www.youtube.com/watch?v=NQDcrtmoFKc z173
Comment by hounddog69 on Aug 13, 2024 5:29pm
Source?
Comment by ztransforms173 on Aug 13, 2024 6:50pm
See: https://stockhouse.com/companies/bullboard?symbol=t.ft&postid=36177202 - TAKEN from the Q2/2024 ICCFS on SEDAR (August 13, 2024) z173
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