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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 Allmanon May 18, 2024 9:44am
160 Views
Post# 36047127

Congo seeks outside advice on imposing cobalt export curbs

Congo seeks outside advice on imposing cobalt export curbsGetting cobalt back up to US$25 per pound and gold at US$2500 per oz would arguably put Fortune Minerals stock fair value in the US$2 range. And to speculate a bit more, if gold were to reach US$5000 per oz, Fortune Minerals stock fair value would be approaching the US$4 range (using FRC price sensitivity tables adjusted for issued stock). Does not take into account project optimizations, new mine plan, Tlicho all-season road, new refinery site, etc.

The Democratic Republic of Congo, the top cobalt producer, is sounding out advice from international industry organizations over measures to raise the battery metal’s price, including through potential export quotas. ...
https://www.mining.com/web/congo-seeks-outside-advice-on-imposing-cobalt-export-curbs/
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