Suppose Fortune Minerals snapped from their stupor.
Suppose Fortune warmed up to the idea = HYDROGEN
Using lake water to produce power for ( heat furnace / electricty electrolysis )
The NICO project suddenly developes a whole new persona.
Allows all mining to be performed onsite.
Costs are now considerably tamed
= more profits.
Mineral Credits
If you think only ( gold, cobalt, copper, bismuth )
Then... i suggest shareholders should research a tad further.
Nico - has other mineral endowments.
I will use the least talked about mineral
IRON
Ringing in @ 4.2%
Basic iron " ore " only fetches $110 - $140/T
Whilte Iron " powder " fetches $1,370/T usd
33,000,000 raw ore tonnes
x 4.2% iron percentage
= 1,386,000 tonnes
x $1,370 usd
= $1,898,820,000 usd ( billion )
~ 400 million shares
= significant iron wealth
What makes NICO so unique ?
Mineral Variety is the key.
Even waste ores.... have impressive goodies.
But... the art of pulling each mineral at a reduced cost
is where smarts are needed.
Keeping the operations onsite.
Incorporating Hydrogen ( 2 forms of energy ) heat/electricity
Would totally transform this project.
Allowing Fortune to ( perhaps ) consider a few more mineral credits.
Onsite operations
With cheap hydrogen power
= affords better / high purity mineral end products
= far better than simple cons
What else ?
Does one focus on a new road at considerable costs ?
Or... shine the light on the existing road which requires far less
work not to mention, km's to ship the minerals out ?
Excuse the bl