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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 > Fortune's Fortune?
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Comment by geolithon Jan 17, 2022 2:54pm
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Post# 34325561

RE:RE:RE:Fortune's Fortune?

RE:RE:RE:Fortune's Fortune?My mistake in only looking into the processing costs.

Yes, drill blast load haul dump costs are similar.  Diamond mines use multiple crush cycles to avoid breakage of product, as opposed to basic cominution goals at Nico and so would expect to deviate at this point.

We should compare road accessible remote mines such as, Victoria Gold, any in N. Saskatchewan or Manitoba, Brucejack in N BC. for costs on mining.  Milling costs should look at road accessible remote flotation circuits and can include Greens Creek as well as some of the above.

 
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