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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

Post by uudamannon Oct 17, 2020 10:41am
178 Views
Post# 31734135

Battery metals

Battery metals Given the current constrained tax revenues for the NWT government, the extravagent funding of the Whati road and NICO spur, suggests healthy future mine revenues and royalties are already pencilled in.

Would 40 thousand tons of cobalt be a sufficient anchor to secure this road funding given that the future world price for cobalt cannot be anticipated or gauranteed? Even with 1 million oz of gold. 
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