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.

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Fortune Minerals Ltd > Batteries as commodities

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Comment by redon Apr 30, 2021 11:34am

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Post# 33101263

RE:RE:RE:RE:RE:Batteries as commodities

More info will not hurt and I am afraid to see the cost of that study.

with cobalt predictions by some to be on the 28.00 range by 2025 but also predicting a short term downside, by all accounts long term looks good for producers.

a serious partner can do the math and is my hope that with a processing solution, that comes. Ft is going to cost in the 700 million range .... peanuts to the likes of Newmonts of the world.

if no partner yes, I guess if we are going to the banks we will have to. No doubt steel / materials prices have gone up etc, I hope we don't have to go that route but definitely a possibility.