Fortune Minerals Ltd T.FT

current FS

[Freedom2022]

My Quebec Graphite mine Rep , informed me that companies need a current FS to get Government funds,,, FT, may have to wait for the second wave of funds.  just a guess on my part,, cheers!

[Allman]

Strategic Innovation Fund (SIF) Project requirements To maximize the benefits for Canadians from the investments made in the critical minerals industry, projects must: target 1 or more of the 31 minerals Canada has identified as "critical", with priority given to the 6 most significant minerals: lithium, graphite, nickel, cobalt, copper, and rare earth elements

[sirfartalot]

All in my humble opinion: Just a fluff off the cuff: Are there any other known advanced critical mineral projects in Canada with vertical integration proposed ? Good luck to all longs in higher than 1 cent per share, We wait ...

[Allman]

SF, I would say Dumont.

[Allman]

A bit more reiteration on Dumont (which I posted last November) ...  Dumonts cobalt production is forecasted to initially be 1.0 ktpa and growing to 2.0 ktpa in seven years time. NICO's average cobalt production is forecasted to be 1.8 ktpa average over the first 14 years. In the first 10 /15 years of mining cobalt, FT would produce 18 kt / 27 kt and Dumont 13 kt./ 23 kt, i.e. FT

[red]

It's too bad they did not spell this out 1.5 years ago and provide a bit of  the $$ billion dollars already doled out ....had that been done we would be is a better position to complete the FS etc and create more accurate financials? 2014 data is not going to cut it, will the plug n play spread sheets be enough? nothing easy about what's coming ....getting money is one thing ...have

[Baserunner]

One thing for sure, if they do another FS and good money is spent! That alone will tell you it's a winner Nobody is going to dump good money in a maybe project in todays market place! If what Goad and company have been pushing these last years is true, then funds for the FS should be easily obtained! stay long!

[red]

I do agree ... the market and macro we have today is very different and substantially more positive than it was in 2014 when the last one was done. Gold alone was, I think, around 600.00 .... three times that now, cobalt target number was 15.00 etc etc and it worked then.  ofcourse costs have changed aswell - mining thruput and processing has been upgraded and improved ( so we are told) &