Fortune Minerals Ltd T.FT

June presentation on website

[red]

Well it's something and I don't know if it's changed but ....

"Permittedhydrometallurgicalrefinerysitewithfacilities&personneltoreducecapital & operating costs in negotiation among two potential options"

also Federal and provincial support ....which province? 

https://s1.q4cdn.com/337451660/files/doc_presentations/2021/06/210615-Fortune-Minerals-NICO-Project-Presentation.pdf
 

we can bark overs this for a while.....so have at it,

[sirfartalot]

Thanks!. Good luck to all longs!

[Lotten]

Thank you for posting red. Another step taken. :-)

[Yellowknifer69]

Thanks for posting Red.  I note that the presentation indicates that a new FS will be necessary.   Yellowknifer

[elitespooner]

Red, good post. and am glad an updated FS will be complete, now fix the capital structure and with some good drill results maybe we will be out of the gates...

[reddog11]

Its nice they are trying to put a good presentation together, but reviewing the 2014 FS, I see zero reasons to do another FS other than to waste more money and if its Micon again then they will set a date and miss it two or three times as the share price flounders. The 2014 study CLEARLY shows the cobalt is mined at a negative $5 dollars. Why do we need to spend the money and delays in gaining

[Yellowknifer69]

Well Said Red.  You should charter a flight to London and I will pick you up at the airport so that you can tell Robin your thoughts on Tuesday?  what say you Red?  Anybody else have the gumption to show up for AGM day? As for myself, i have pretty much given up, thrown in the towel, called mea culpa! Seems to me that the next round of recruits (i.e Duke, MB) should pick up the

[red]

Charter ! Not sure where you think I am in the mix of things but no charter happening lol  I do appreciate the invite and offer, if your like me, You dont have a lot of choice ( actually we do but we are a bit greedy) other than to continue to hold the line and that my friend we must do as this is a continually unfolding situation. FT has never been in a better space in its existence, you

[red]

RD, I have a tendency to agree....cobalt up, gold up 600.00 over what was in the 2014 FS and everything else in our deposit is up since then as well ....if we are lucky and can get a processing partner with a facility then costs for that will be down ...on the operational end yes there may be added disposal cost to the undesirables of processing but easily calculable.it would seem to me to be a

[elitespooner]

I agree with the Refinery bit... You have to expect the Capital Costs of this have changed in the 8 yrs, the costs of Transporting the ore, sheesh just look what the lumber prices are ...

[Lotten]

Agree. An update is necessary.

[elitespooner]

IF the GNWT is touting this Road to link the mineral wealth, where is the Hydro for these projects ??

[red]

The GNWT has a study underway right now looking at a sub marine cable from Talston hydro south slave to Yellowknife and surounding area .....take these communities off the snare hydo facility and you have capacity at snare, also looking to expand snare and the Tlicho also have some plans out there.....bring the develpoments to the table and the power will come aswell.

[Unlurker]

Thanks for posting Red! Maybe I missed this before, but I didn't realize how much more could be in the ground over near Peanut Lake. Per this PDF, it say that area tests "an order of magnitude larger & stronger than NICO deposit"... So if there's good minerals there the assets on this property could double or more. I've got my fingers crossed but good grief holding