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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 May 17, 2023 4:21pm
63 Views
Post# 35453283

RE:RE:RE:RE:RE:RE:Deal

RE:RE:RE:RE:RE:RE:DealPerhaps Come by Chance gets its oil this way.  from wikipedia, "The Irving Oil Refinery is a Canadian oil refinery located in Saint John, New Brunswick. It is currently the largest oil refinery in Canada, capable of producing more than 320,000 barrels (51,000 m3) of refined products per day.[1]"

At 320,000 barrels per day,  it is a good size.  The Conversation, a sometimes reliable source says "On July 20, the tanker Cabo de Hornos delivered an estimated 450,000 barrels of crude oil to the Irving Oil refinery’s Canaport storage facilities ins Saint John, N.B.

What made Cabo de Hornos’s delivery different was that it was the first time crude oil had arrived in Saint John by ship from Alberta. It came via the Trans Mountain pipeline to the Westbridge Marine Terminal in Burnaby, B.C., and then through the Panama Canal.

By the end of April next year, a second tanker will arrive at Canaport carrying 350,000 to one million barrels of Western Canadian crude oil. In this case, the oil will have come via pipeline from Alberta to a crude oil exporting terminal in Texas or Louisiana.

For most of the Saint John refinery’s 50 years of operation, it has relied on crude oil from sources outside Canada, including Saudi Arabia, the United States, Norway and Nigeria, to meet most of its demand. In 2019, about 80 per cent came from non-Canadian sources, with the remainder from offshore Newfoundland and Labrador by tanker and Western Canada by rail.

So, at two tankers a year, or a bit more than two days of production, we are not moving much west-coast oil to the east coast.
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