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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Comment by DRYOASISon Apr 30, 2018 7:10am
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Post# 27957294

RE:what is the revenue after 30% more production & cobalt at 40

RE:what is the revenue after 30% more production & cobalt at 40Don't know what the final numbers will be but pure cobalt sulphate gets a premium price on the market. For example, in their first quarter results, Sherritt reported an average realized price of $48.47 per pound. NICO will be producing a similar high end product. 

In their 2014 FS, Fortune used a price of $19.04 for cobalt sulphate.
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