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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 redon Jun 27, 2024 9:18am
143 Views
Post# 36108631

RE:RE:FT July 2024 corporate presentation

RE:RE:FT July 2024 corporate presentation

A bit of an unknown to us is what RG knows about the Rio Tinto stock pile of materials to be processed and how big it is and what the replacement rate is at the RT Idaho site for an ongoing relationship to unfold. 

he seems to be comfortable processing those materials is very doable in one of two ways, one of those ways will be less expensive than the other. Either way it's a potential revenue stream  that someone must be making a projection on and will only add to the much better picture our revised FS will show, even if we don't have full RT testing results ... 

some one is thinking something 

Also the words " construction decision" are relatively new to us and IMO  very powerful and definitive in that ... decision usually means go or no go ... if those words are based on results from the UFS then there is more going on than we know .... does someone want to see a more positive bottom line to actually make the +/- 700 million dollar decision ? If that is reasonable,  in any way shape or form, then this project could very well see a significant advancement given optimizations and gold prices etc that the UFS will show.... if we weren't a nail bitter yet we may be one now. 

we sit and wait 

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