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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 geolithon Jun 10, 2021 12:56pm
124 Views
Post# 33363153

RE:RE:Drilling

RE:RE:Drilling
there is a lot more on Nico to be found. The recent geophysics is starting to scratch the surface, but there is a problem with "make it bigger" approach. First, how much did it cost to find what they have found, and would you double that expenditure in the hopes of doubling the size of the deposit? Maybe not. And if you would, the mine and mill model would get bigger, and therefor more expensive. And the groups capable and willing to do this shrinks. Certainly no car manufacturer or end user does not have the expertise to build and run a mine, mill and possibly refinery. Sometimes starting small and low cost, proving operational benefits and then expanding is a better model to follow. Even if there is more to be found.
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