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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 > OTHER MINERALS....
View:
Post by Wangotango67 on Sep 06, 2023 8:14am

OTHER MINERALS....

NICO.... ores have other minerals " i think " i quite valuble.
I'll point out just a few.

Former post i mentioned -
Iron

Waste ores ( feldspars ) contain 4.2% iron grade.
While core body ( biotite / magnetite ) has 13% iron grade.
$1375 iron powder / tonne  usd

https://68913ee16307576a.en.made-in-china.com/product/sdwaLTkKEGtX/China-99-Iron-Powder-Iron-Powder-Price-Ton-Carbonyl-Iron-Powder.html


Any other interesting credits ?

Aluminum

Feldspar ores - waste - 6.9% Al
Biotites - 6.4%
$2200/t  usd

Potassium
Feldspar ores - waste - 6.1%
Biotites - 7.6%
$350/t  usd

If.... these unmentioned minerals are throughout the ores,
33,000,000 million tonnes
using mineral percentages above
do the math


Which is why....
Remodelling the mine plan makes perfect sense.
Onsite using lake water = hydrogen power
refine several mineral credits
scrap the concentrate grade
aim for higher purity
= maximum profits


Properly set up...
Using electrolysis one could " extract " other mineral credits.
YES.... there are other minerals




Comment by geolith on Sep 06, 2023 3:40pm
While I admire your enthusiasm, you have to apply some basic engineering, and I mean basic. First, power and transportation are expensive from distant properties.  This has to be factored in. Yes, water contains oxygen and hydrogen, but standard electrolysis requires substantial power.  And I assure you, you do not get more energy out than you put in.  You might use 1,000 ...more  
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