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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 21, 2024 6:04pm
72 Views
Post# 36373845

ALLMAN

ALLMANI provided Cobalt prices only.
Obviously gold is higher in price compared to 2017.

Here are a few more Cobalt prices - 
I allotted @26k/t pretty darn close prices vary by country/contract

LME Chart
https://www.lme.com/en/metals/ev/lme-cobalt#Summary

Concentrates 
do not command same $$ as metal or sulphate value


Distance
Yellowknife to Edmonton
1451 km 
page 7 FT Corp Presentation
https://s1.q4cdn.com/337451660/files/doc_presentations/2024/06/240701-fortune-minerals-nico-project-presentation.pdf

BC Rail 
The freight railway operations of the historic rail line were divested to CN in 2004 when the former BC Liberal government sold BC Rail's trains and long-term leased most of its tracks to the company for $1 billion.Aug 30, 2024


August 30, 2024 

BC Rail executives earn $500K to manage railway with no trains and 40km of trackhttps://globalnews.ca/news/10726981/bc-rail-executive-compensation/#:~:text=The%20freight%20railway%20operations%20of,the%20company%20for%20%241%20billion.

Pull bismuth, gold, and cobalt as sulphate, copper etc....
Gold values are presented using higher grade ore zones what about
lower grade zones ? 

1450 km moving raw ore ?

What has been done to Nico since 2014 ?
Pro's - Con's 

Anyone awake when reading BC rail article ?  <------------  


Hey.... i'll leave the shareholders of FT in thier current state of,
sleep.

I've offered a few good ideas... 
But... seems sheareholders are bent on, Nico.


Have a good one.
All the best - good luck.

ps - link for bc rail article pasted as it did.
can't seem to shrink it.


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