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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

Comment by Allmanon Mar 09, 2023 1:08pm
96 Views
Post# 35328535

RE:RE:RE:Interesting Interview

RE:RE:RE:Interesting InterviewI appreciate the critique and perhaps I should have said could vs would. The Fundamental Research analysis for FT includes a sensitivity analysis for various gold and cobalt price scenarios at a given exchange rate, issued shares, etc. For sure its a ROM method, but you can extrapolate a FV for $5000 gold, assuming a cobalt price, factoring a greater number of issued shares, possibly lower capital costs given the Tlicho highway, Alberta brownfield site, etc. etc. Its obviously requires a few assumptions, but it's a means.  
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