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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > Refinery discussions?
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Post by Phil001 on Dec 06, 2020 2:29pm

Refinery discussions?

Good day. As previously indicated, I'm a long time FT shareholder. I have question for next step. As the all season road is ahead of schedule, are there any updates related to the actual 53km road from whati to NICO site? Have they started to build that yet? If no. How long is that away? Secondly, correct me if I'm wrong. But Is there any FT profitability without having a refinery in place? Either to mine our gold or Cobalt or bismuth? I used to live in hay River, and know that whati to enterprise is roughly 450- 500km one direction. Would this be encumbant on whoever mines our site or would ft have to have this in place ahead of time? Been shareholder since 2016, so very excited to see progress.. thoughts anyone? And thx for continuing to post. This is my only info that get from FT
Comment by red on Dec 07, 2020 8:22am
With the Tlicho Kiewitt JV building the Tlicho road, I am finding it hard to believe that we ( or potential partners) will let the opportunity slip by given that amount of mobilization that is existing at the Tlicho Road site, and not engage that JV to build our spur road. Further that spur road could be the start of a ASR to Gametti which could also be an infrastructure project where costs are ...more  
Comment by Tuckerthefox on Dec 07, 2020 10:29am
Red, have they started the spur road yet, or are we looking at another year after the Tlicho road is completed?
Comment by Marketbeat on Dec 07, 2020 10:55am
They have not started the spur road- but construction won't take a year from my understanding. 
Comment by red on Dec 07, 2020 11:04am
They have not started the spur road from the whati side, and I would assume that to be a significant announcement if they have.  given that the entire Right of way in the TliCho road has been cleared and major bridges in place, they do not have to wait to the completion of the TliCho Road to start the spur road to FT.  if you recall they were doing some work on a road from the mine ...more  
Comment by Tuckerthefox on Dec 07, 2020 12:21pm
Yes, I remember the discovery, but didn't know while constructing the road. Sounds great. Thanks
Comment by red on Dec 07, 2020 12:57pm
From July  2019 - the deposit that keeps on giving ....now what road wok they were doing is a bit of a question ... LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to report the discovery of a new zone of copper mineralization at its 100% owned NICO cobalt-gold-bismuth-copper ...more  
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