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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

Post by baeon Apr 23, 2021 11:18am
186 Views
Post# 33055029

RE:RE:RE:Whats everyones opinion on the refinery ?

RE:RE:RE:Whats everyones opinion on the refinery ?To build a refinery takes about as long as as drilling a first hole to prove discovery to becoming an actual mine.

As most of you know, First Cobalt is in the process of recommissioning an already permitted refinery in Ontario. They plan to import from Glencore cobalt concentrates from the DRC.
Fortune would be better served sending their metal concentrates from  NICO 
directly to Ontario, since the concentrates as suggested are already on route and moving it a couple of provinces further east on rail would make more sense and save money in addition be much closer then DRC is to Ontario.
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