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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Bullboard Posts
Post by jenkinjton Jul 29, 2010 4:25pm
430 Views
Post# 17308365

Fortune will make it!!

Fortune will make it!!Interesting release today. By my calculations NICO will produce $2.3M in copper, $57.8M in Cobalt, $31M in Bismuth and $37.4 M in gold annually for 18 yrs... over $2 billion worth of production. Of course it will take a couple of years to get that on stream. Hopefully it will permit a leg up for Mount Klappan funding, an amazing holding. It's been 15 years since NICO was discovered and realization appears around the corner. I was thinking I had too much of my portfolio in Fortune, but after reviewing today, and despite the probable debt that will be incurred in moving forward,  I think I'll add a bit more........
Bullboard Posts