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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Comment by Marketbeaton Jan 11, 2022 4:37pm
126 Views
Post# 34305542

RE:RE:RE:Looking for info

RE:RE:RE:Looking for info

I can chime in. Refinery announcement should be made soon. That will start a domino effect imo- resource expansion potential will be an added sweetener. 

no sure on lobbying- I didn't come across anything. 

I think Nico can get into production. Not sure how ft will pull it off but hopefully they do! 

once they announce the refinery they can start the FS update. Looks like the other cobalt plays used a cobalt price of 25/lb which will support the economics. There should also be reduced capex because of the "optimizations" the company made. So the economics of the project should yield a better than 15% irr. 

Oh and cobalt prices are strong. 


Staying long 

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