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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 Nov 12, 2024 2:01pm
64 Views
Post# 36308661

RE:NWT Development

RE:NWT Development- LONG-DISTANCE HIGH-VOLTAGE LINES are SUPER EXPENSIVE to DESIGN & BUILD

- then you gave to BUILD the SUB-STATION at the NWT NODE(S) to STEP DOWN the VOLTAGE

* high-voltage TRANSFORMERS {in the substations} are NOTORIOUSLY COSTLY and some of them 'might' have to be CUSTOM-DESIGNED depending on the CONFIGURATION

- so COST is a BIG FACTOR

- then there is the HUGE PROBLEM of OBTAINING the RIGHT-OF WAY CORRIDOR for the TRANSMISSION LINES with the NOT in MY BACKYARD SYNDROME

- so it is NOT PRACTICAL & COST-EFFECTICE

- the LOCAL SOLUTION is FAR CHEAPER & EASIER

z173


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