THINKING SMARTER - 5 MONTHS Canada + US invested in the Critical minerals of, Nico.
They didn't say anything about the - Anthracite.
200 million tonnes est of Anthracite ( including the ash )
Former report ran on FOBT cash cost of C$ 127.61 / tonne
Current spot prices run - $155 - $170 US ton
I'd spin the Nico and park.
Especially if Trump seats in office and will revive oil sector.
Avoid pissing off shareholders....
Split outstanding shares ( 250 M Nico + 250 M for Arctos )
Previous bulk tonnage was 200,000 bac k in the day.
I'd do another 200,000 tonne bulk.
https://www.newswire.ca/news-releases/fortune-minerals-announces-updated-definitive-feasibility-study-for-arctos-anthracite-metallurgical-coal-project-510943761.html
200,000 tonnes
x $90 (net profit )
= $18 million
- $9 million ( buy back 50% back in rights )
= $9 million working capital
i'd then... work on converting the anthraciite to = Methanol fuel.
Methanol commands far more $$$$$ than petro.
Transport and Shipping industry...... is presently using Methanol.
Methanol is 95% less carbon intensive for emissions.
METHANOL
https://www.bc-er.ca/stories/a-primer-on-methanol-manufacturing-in-british-columbia/
https://www.methanol.org/wp-content/uploads/2023/05/Marine_Methanol_Report_Methanol_Institute_May_2023.pdf
Fortune has an approx 5 MONTHS left on the back in.
Expires May 15 2025.
I find it odd they ran with NIco instead of, Arctos.
200,000,000 million tonnes
x Methanol Fuel
= MEGA $$$$$
But hey.... this is the junior sector - lol
Cheers....
Thank me for the ideal - with shares Fortune.
Wink.