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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 > Credibility!
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Comment by sirfartaloton Feb 25, 2023 9:41pm
84 Views
Post# 35305512

RE:RE:RE:Credibility!

RE:RE:RE:Credibility!All in my humble opinion:

Current gold price: Around $1812

2014 feasibility referenced used around $1350 gold for pre-tax npv, 7% around $254 million.
$1500 gold pre-tax npv, 7% was around $312 million

Page 40 of the pdf, table 1.15 via internet search illustrates.
https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjkuaeBkLL9AhUhmGoFHb0jDvQQFnoECAoQAQ&url=https%3A%2F%2Fs1.q4cdn.com%2F337451660%2Ffiles%2Fdoc_downloads%2F1335%2520Nico%2520Technical%2520ReportLM.pdf&usg=AOvVaw2raz3FNtvKpfsvMPR6YZ0t


Is it better to continue to rinse and repeat, same thing over and over, or try and maximize the harvesting of the asset before the next painful dilution ?

Good luck to all longs,
We wait ...

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