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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 redon Dec 29, 2020 9:46am
205 Views
Post# 32190485

Something will be changing....

Something will be changing....And 2021 could be the start of it ....

"Pointing out that the world consumes 29.6 million tonnes of copper annually, Glasenberg noted that miners will have to produce 60 million tonnes of the red metal annually by the year 2050, to meet demand. Global nickel production will have to grow from the 2.5 million tonnes consumed a year currently to 9.2 million tonnes by mid-century; while cobalt supply will have to grow from 129,000 tonnes a year to 507,000 tonnes, and zinc production will have to more than double from 13.9 million tonnes per year consumed currently to 28.8 million, You can see demand growth for these metals is massive over the next thirty years and the mining industry is going to have to step up to the plate to produce these extra metals and that’s going to be very difficult to achieve" 

so how much copper does Sue-Dianne hold ? 
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