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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Bullboard Posts
Post by Potash1968on Jan 07, 2018 8:49pm
145 Views
Post# 27302539

Numbers

NumbersHere are some numbers for you to consider. Taken from reading the 2014 FS, the NPV has a Cobalt Price sensitivity of 100 mil per $3 move in the price of Cobalt. The 2014 FS was done at $16 Cobalt and it had a NPV of $250mil. So if the new FS is done at $28 Cobalt the NP V should be $650mil. At $34 Cobalt we have an implied NPV of $850mil. Now ECS has a NPV of $180mil and it has a Market Cap of $260mil. Now you can see how I can say FT can move towards a Market Cap of $1 billion.
Bullboard Posts