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Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT) -- Ignore unavailable to you. Want to Upgrade?

To: Farm Boy who wrote (587)	5/7/2002 10:25:48 AM
From: coass	Read Replies (1) \| Respond to of 612

Hey Farm Boy, I notice Fortune is up to 75 cents and trading whereas your Ontex is stagnant at 25 cents. So where is the cemetery? Keep up the good work too! Coass

To: Farm Boy who wrote (587)	2/20/2004 4:50:26 PM
From: Richnorth	Respond to of 612

Haven't heard from you in quite a while! Why the silence? Because FT is going from strength to strength in contrast to your expectations and despite your negativism? Judging by the steady stream of upbeat reports from FT (see fortuneminerals.com) and the ongoing positive response of investors, since a couple of years ago and especially recently, it appears FT is a safe bet for the long haul. Those investors who had bought FT way back in the late 1990s (but missed the chance to sell) should have taken the opportunity to buy "low" a couple of years ago in order to average down their costs. I have heard unconfirmed reports that FT at current levels (~$3.80) is likely to more than double in price in the foreseeable future, especially when both small and big time buyers are very likely to continue buying and buying FT. I myself have bought another 5,000 shares recently. Man O Man, do I ever like the news about COBALT!!! and the fact that GOLD will be going up and up despite past efforts by the US cartel to discredit it forever as a barbarous relic; and that COAL is still needed as a conventional fuel!!!

To: Farm Boy who wrote (587)	2/26/2004 3:01:55 PM
From: Richnorth	Respond to of 612

Another piece of upbeat news from Fortune! ============================ February 26, 2004 Listing: TSX, symbol “FT” Issued Capital: 25,360,748 NEWS RELEASE FORTUNE MINERALS NICO GOLD-COBALT-BISMUTH DEPOSIT UPDATE Fortune Minerals is pleased to provide an update of recent activities on its 81% owned NICO project in the Northwest Territories. NICO is a gold deposit with significant cobalt and bismuth co-products located near the Snare Hydro complex, 160km northwest of Yellowknife. A scoping study completed in November 2002 indicates a combination of underground and open pit mining can generate an attractive rate of return at US$315/oz gold, US$7/lb cobalt and US$3.25/lb bismuth (see news releases, dated Dec. 9, 2002 and Jan. 23, 2003). Deposit economics will be favourably impacted from higher gold and cobalt prices, which are presently quoted at approximately US$400/oz and US$27/lb, respectively. An additional 35 holes drilled at NICO in 2003 (291 to date) successfully expanded the strike length of the deposit, reduced the strip ratio and captured previously stranded resource blocks to improve mine efficiencies. Management is very pleased with the progress achieved to date from recent resource modelling, metallurgy, engineering and environmental studies directed toward developing the NICO deposit. The Company has approached a number of engineering companies seeking proposals to tender the feasibility study. Resources: An updated block model and new resource estimates are in preparation by MICON International Limited incorporating the recent drilling. Work is being done under the supervision of Mr. Terrence Hennessey, P.Geo., acting as Qualified Person in compliance with National Instrument 43-101 and is expected to be completed in March. Metallurgy: Additional flotation metallurgical test work has been completed at Lakefield Research under the supervision of Klaus Konigsmann P.Eng. Metal recoveries and concentrate grades have been confirmed for cobalt and bismuth. Gold recovery conversely, will be enhanced (~85%) for mill feeds grading in excess of 2 grams/tonne from a combination of flotation and cyanidation. Hydrometallurgical test work of the cobalt-gold concentrate is in progress under the supervision of Al Hayden P.Eng. to optimize autoclave conditions and recoveries. A small-scale pilot plant is planned for the end of March at Lakefield Research to verify the flow sheet for the production of saleable products (gold, cobalt carbonate and bismuth-gold concentrate) for feasibility. Site Engineering and Tailings: A digital terrain model has been prepared from aerial photography of the proposed NICO plant site by Eagle Mapping Ltd. The model will be used for locating surface infrastructure, FORTUNE MINERALS LIMITED 148 Fullarton Street, Suite 1508, London, Ontario, Canada N6A 5P3 Tel. 519-858-8188 ~ Fax. 519-858-8155 and access roads. Golder Associates Limited was recently awarded a contract to complete a tailings dam site selection study. Previous work by Lakefield Research indicates that NICO mineralization has a high neutralization potential and that tailings solids are not acid generating. The combined tailings liquids also showed very low concentrations of heavy and trace metals that are well below regulatory limits. Golder Associates is conducting a more detailed investigation of potential acid rock drainage from NICO mineralization and host rocks contemplated to be mined. NICO is situated in a region of semi-continuous permafrost. However, no permafrost has been detected in the 291 holes drilled on the property to date or in the thermister installed in the deposit. Geotechnical Engineering and Hydrogeology: Golder Associates has conducted additional geotechnical core logging and rock strength testing in conjunction with hydrogeology studies at the site in 2003. Work completed to date has been very encouraging with rocks yielding good strength and rock mass quality, both for bulk underground and open pit mining. Packer testing indicates that groundwater seepage in proposed mine workings would be low. Environmental and Social Studies: Additional aquatic and terrestrial wildlife and vegetation biology baseline studies and an archaeology survey were carried out by Golder Associates in 2003. No environmental issues have been identified that would preclude developing a mine at the site. Community consultation has been ongoing and the Company has been collaborating with Treaty 11 Dogrib communities for economic development in the area. Fortune Minerals is a diversified natural resource company with seven mineral deposits and a number of exploration projects, all located in Canada. They include the NICO goldcobalt- bismuth deposit, the Sue-Dianne copper-silver deposit and other base and precious metals and diamond exploration projects in the Northwest Territories. In British Columbia, Fortune owns the world class Mount Klappan anthracite coal deposits, and in Ontario, it is the managing partner in Formosa Environmental Aggregates Ltd., an industrial mineral company developing the Greenock high calcium limestone quarry. Fortune Minerals is a company focused on the creation of value through the assembly and development of high quality natural resource projects. Further information can be obtained from Fortune Minerals at: Tel: 519-858-8188, Fax: 519-858-8155, Email: info@fortuneminerals.com, or visit our Website at: www.fortuneminerals.com

To: Farm Boy who wrote (587)	3/3/2004 10:41:18 PM
From: Richnorth	Read Replies (1) \| Respond to of 612

Hi ALL, In case you haven't seen the following message at the Fortune Minerals website................ Fortune Minerals Limited cordially invites you to visit us at the Prospectors and Developers Association Convention (PDAC) being held March 7-10, 2004 at the Metro Toronto Convention Centre, North Building, Toronto, Ontario (NEXT WEEK). Please visit our display booth (#2623) in the Investors Exchange part of the show, Sunday March 7 to Wednesday, March 10. Admission is free to the Investors Exchange part of the convention. For delegates registered at the Convention, Fortune Minerals will also be displaying drill core from its NICO Gold-Cobalt-Bismuth deposit at the Core Shack part of the show, booth (#2006B) on the Lower Level, Session 2 – Tuesday, March 9 and Wednesday, March 10. For delegates registered for the Short Course on Hydrothermal Iron Oxide Copper-Gold Deposits, Saturday March 6, Company President Robin Goad will present a talk entitled, The NICO Gold-Cobalt-Bismuth and Sue-Dianne Copper-Silver Deposits, Northwest Territories - Canadian Examples of Hydrothermal Iron Oxide Polymetallic (Olympic Dam-Type) Deposits. Core from both deposits will also be displayed in a separate core shack presentation dedicated to this short course.