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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Limited. > FT Is SHOWING PROGRESS & CRITICAL EVENTS Are MOVING AGAIN
View:
Post by ztransforms173 on Feb 01, 2024 10:33am

FT Is SHOWING PROGRESS & CRITICAL EVENTS Are MOVING AGAIN

Fortune is waiting for the government ice road from Whati to Gameti to open, which would enable the Company to truck ore samples from its existing stockpiles at the NICO site to SGS Canada Inc. in Lakefield, Ontario for the planned test work program.

^^^
 
1- NICO ore to SGS mini pilot plant

2- TEST RESULTS to FEED into UPDATED FEASIBILITY STUDY

* Government DECISION to PAY PART and/or ALL of the EXPENSIVE FEASIBILITY STUDY

3- ONLY THEN CAN FT SEEK PROJECT FINANCING FOR DEVELOPMENT of NICO MINE + HYDROMETALLURGICAL REFINERY

* Rio Tinto (among others?) will DO AN IN-DEPTH ANALYSIS of the FEASIBILITY STUDY and come to an INVESTMENT DECISION

z173
Comment by Freedom2022 on Feb 01, 2024 12:09pm
And if you are of the feeling that this is our "last chance" to get gov funding in time , then March 31 is D Day!  finally !  please please FT/Rio/Gov make the pain ! go away March 31 2024 !!!  enough already lol   2 short months!  cheap shares , get em while there hot!  ha ha ha,, i cant do it,, gotta just hold ,, cheers! 
Comment by Freedom2022 on Feb 01, 2024 12:14pm
Timeline seems unrealistic that by March 31 the ore will have gotten to SGS and be processed in time for Gov decision?
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