Fortune Minerals Ltd. Stock Analysis FT.TO

Fortune Minerals Ltd. engages in the exploration and development of mineral properties. The company is engaged in the exploration and development of mineral properties in Canada. The company 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. The company 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. The company also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. The company also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. The company 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.