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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 MoneyMan123456on Jan 21, 2022 11:31pm
303 Views
Post# 34346028

Access Road - Yikes

Access Road - YikesNWT spent around 200 million on the 97 km two lane gravel Tli Cho highway.  Before inflation and fuel price increases.

Nico needs 45 km of spur road, which while not as robust as a 2-lane gravel highway, must still meet NWT mine regulations based on the size of equipment using it.

This could be a 75 million expenditure just to access the mine site....yikes
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