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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 > The Congo is in big trouble.
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Comment by Phil001on Dec 10, 2020 10:18am
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Post# 32076159

RE:RE:RE:RE:The Congo is in big trouble.

RE:RE:RE:RE:The Congo is in big trouble. What kind of Cobalt reserves do we anticipate having? Canada being ranked as one of the top producing countries after drc. When we get up and going, do we have enough to "substitute" the demand drc are currently doing? How long could our mine be in operation once shovels hits the ground? 5 years? 10? What does the price of Cobalt need to be at to be profitable? Right now its at 32k per tonne? Sorry, I'm a newbie at this and may be asking dumb questions...
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Dealroom for high-potential pre-IPO opportunities