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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 > Profile of CM projects in Canada, available for investment
View:
Post by Allman on Mar 07, 2024 5:43pm

Profile of CM projects in Canada, available for investment

Comment by ztransforms173 on Mar 07, 2024 6:06pm
- the COBALT projects (2) for USD 565 million SOUNDS LIKE the CAPEX for the NICO mine and concentrator + the metal refinery in Alberta - the 20 years MINESPAN also FITS IN with the NICO PROJECT  z173
Comment by red on Mar 08, 2024 7:41am
It's one thing to invest in CM projects of Cobalt, bismuth and copper and it's another to invest in a deposit that has all of the above and to boot the unique Nico deposit that holds the gold to pay for it all. If FT is not one of a kind what is? 
Comment by ztransforms173 on Mar 08, 2024 9:03am
- it is NOT the NICO MINE that is the PROBLEM - it is the DESOLATE and REMOTE LOCATION in the NWT that is NOT EASILY ACCESSABLE with the PROPER ROAD and ELECTRICAL DISTRIBUTION GRID CONNECTION - GOVERNMENT SUPPORT for the ALL YEAR ROUND SURFACE TRANSPORT and the ELECTRIC POWER INFRASTRUCTURE will LEVEL the PLAYING FIELD for the NICO PROJECT DEVELOPMENT z173
Comment by red on Mar 08, 2024 9:54am
The original 750 m Construction plan and 2014 study done, has the road and power included and the gold in this project alone still pays for all that. The project makes more $$ sence each day that passss and gold soars makes it even  more so.  we have a fully integrated plan .... soup to nuts  50 km of road makes us very accessible  the only thing bad about our location ...more  
Comment by zardoz00 on Mar 08, 2024 10:16am
Surprisingly Quebec has the huge Dumont mine Ni-Co-Pt-Pd deposit owned by Magneto LLP that has the permits. It can be compared to the best Ni-Co reserves in Congo as it's Co resevres as a by product are estimated at a whoping 394 Mt compared to FT 82.3 Mt. Exploitation of Dumont has yet to be announced.
Comment by red on Mar 08, 2024 11:46am
 .... they don't have 2 + billion of gold !  we are unique in more ways than one lol. 
Comment by Allman on Mar 08, 2024 5:36pm
So true; and about one billion US$ more in gold since the last feasibility study.
Comment by ztransforms173 on Mar 08, 2024 10:25am
- YES, I AGREE with WHAT you have POSTED - however, GOVERNMENT SUPPORT TRIMMING $ 100-150 million (?) OFF the TOP CAPEX LINE DRAMATICALLY IMPROVES the RATE OF RETURN on the NICO Project INVESTMENT - the CRITICAL FLAW in our HISTORY has BEEN the COLLAPSE of the INVESTABILITY of JUNIOR MINING companies and the TOTAL INDIFFERENCE towards us by the LARGE CAP MINING RESOURCE CONGLOMERATES z173
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