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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 geolithon Nov 14, 2024 5:14pm
48 Views
Post# 36313683

RE:RE:RE:Strategic CUSMA reforms

RE:RE:RE:Strategic CUSMA reformsAll Feasibiity Studies are stand alone docuens with checks on all assays, blanks and standards, and the database.  Then a resource can be estimated using whatever techniques the QP feels are correct.  Geologists are notoriously subjective and can prefer one technique over another.  Engineers will review mining costs for open pit and underground, including various changes in methods to allow for a cut off grade (COG) to be established.  It is entirely possible that the mine will switch to battery vehicles because burning a lot of diesel to mine battery metals kind of tarnishes the product in the minds of the end-users.  The fiscal regime seems to change every two or three years, so this will need another hard look.  Remember, Feasibiity Studies are estimates to several decimal places.  And they take time.
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