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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 geolithon Jan 20, 2022 9:30am
161 Views
Post# 34336829

Nice economics

Nice economics
I appreciate what MM is asking. It is important to look at this. So I converted the $150 per tonne to gold equivalent just to simplify the visualization. Then I could ask, is it possible to mine a 33 million tonne 2.8 gpt open pit gold mine with road access. Good question. And on the debt and other financial matters. I agree with MM, in that this is a critical question, perhaps the only question right now and is likely what RG has been working on over the past many months, and what is keeping the board awake at night.
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