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Gold/Mining/Energy : CASH RICH junior resource companies

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To: dean poets who started this subject4/18/2001 5:14:40 PM
From: coass  Read Replies (1) of 93
 
I noticed your thread regarding cash-rich junior resource companies and thought you might wish to include Fortune Minerals Limited (T.FT) on the list. Fortune had more than $4 million from their most recent financial results and have two promising deposits in the Northwest Territories: NICO, a large open pittable cobalt, gold, bismuth deposit; and SUE-DIANNE, a copper, silver deposit. They also have an industrial mineral development project in Ontario and other base and precious metal properties plus diamond interests in the Territories. Management own lots of stock and are technical guys. This stock peaked at $45 pre split ($15 equivalent) and is now trading at only .45. Strathcona Mineral Services are about to release a report on NICO.
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