Fortune Minerals Ltd T.FT

Updated feasibility study

[Notmyfirstrodeo]

How long will the update take? They know the size of the resource, they must know the cost of what is needed to get this going and have the cost to purchase the site in Edmonton. Is this going to take years? It shouldn't take that long to figure out what it's going to take and if it's worth it.

[hounddog69]

Agreed. Mineral prices have changed, but in terms of ore in the ground there's no new information. So this should be a financial exercise more than anything, with updates to reflect current commodities and construction costs - including optional refinery construction costs. Unless they're building an updated deposit block model with the latest tech? The feasibility study will include a

[geolith]

A new resource model needs to be established, because of changes in metal prices.   Metal recoveries  eed to be updated together with processing costs because of different locations a d systems in place.  All equipment prices and supply costs have changed. But this should not take years.