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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

Comment by redon Aug 27, 2020 9:54am
106 Views
Post# 31459794

RE:Whati NWT

RE:Whati NWTBecause there is a lot more out there than FT - in its own right.... this is a road to riches as well and will allow a lot more exploration, while satisfying the FT mine requirements. 

That price tag includes road maintenace over the next 28 or so years and is about half of the cost of the project.

Winter roads and related risks and not cheap either. warming climes, road late openings and early clousres are factors and can interupt local resupply and travel. 

FT Over its mine life will pay roylties that will easily cover the cost of this and more for both ferdal and teritorial governments who have contributed to the cost. 

Trickle down economics with the workforce and other developments in the life of the mine will also be hundreds of millions.

Lac lamarte where the Hamlet site is ( Whati) , is one of the most beatiful lakes in the NWT with great tourism potential when that market returns.

Having worked in the community ....i can assure you, based on my experience, the communtiy is not alchohol or drug free... Socio / economic impact agreements have been and are discussion points and will be implemented as plans unfold.    
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