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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 redon Sep 19, 2022 7:27am
198 Views
Post# 34970648

Interesting?

Interesting?

Anyone following some projects up north here may have noticed that Sabina gold has issued news about starting construction in their high Arctic site and thier studies show ...

"Reconciliation on purchases have seen an average overall inflationary escalation of 14% since March of 2021, with a 20% escalation on the purchases made in 2022."

with our new process site eminent along with its existing facilities and infrastructure, location etc all being of good value to our project ( along with design optimizations) and will help to save costs going forward and could translate to FT cost being on par with the original FS.

we won't read to much into it but is some general info. On a different project ....some one has some preliminary numbers, we're are not getting financing without, hopefully we hear of some positive news soon.

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