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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 ztransforms173on Jun 05, 2024 11:14am
176 Views
Post# 36073241

RE:RE:RE:RE:RE:Very quiet??

RE:RE:RE:RE:RE:Very quiet??- the BIG REVEAL of the UPDATED FS will be:

* the 97 km Tlicho Highway to Whati HAS BEEN BUILT COMPARED to the LAST FS in 2014 when the highway DID NOT EXIST

* the PROPOSED HYDROMETALLURGICAL REFINERY in LAMONT AB is NOW MUCH CLOSER to the Nico MINE and CONCENTRATOR in a LOWER TAX JURISDICTION with GENEROUS TAX CREDITS and MUCH LOWER RELATIVE INPUT COSTS in relation to the SASKATOON SK site

the MUCH HIGHER PROCESS OUTPUT of the AB refinery with the Nico CONCENTRATES BLENDED with the Rio Tinto COPPER WASTE STREAMS

- ALL the CHANGES LISTED ABOVE MAKE the ECONOMICS of the Nico mine, concentrator and metal refinery MUCH MORE ROBUST

- but the LARGEST VARIABLE will be the MUCH HIGHER PRODUCT REVENUES for the GOLD PRODUCTION compared to the 2014 FS

z173


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