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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

Post by Wangotango67on Dec 20, 2024 8:23pm
136 Views
Post# 36373215

FS STUDY -

FS STUDY - 2017
Link in my prior post outlines Fortunes 2017 FS figures of
= $30/lb Cobalt

2024
Current spot prices are - $24,900 Cobalt ~ 2200 lbs per tonne
= $11.32/lb Cobalt

Don't shout or cry too loud for a new FS study....
especially with a concentrate.





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