Post by
Wangotango67 on Dec 19, 2024 9:35am
THINKING SMARTER - 5 MONTHS
Canada + US invested in the Critical minerals of, Nico.
They didn't say anything about the - Anthracite.
200 million tonnes est of Anthracite ( including the ash )
Former report ran on FOBT cash cost of C$ 127.61 / tonne
Current spot prices run - $155 - $170 US ton
I'd spin the Nico and park.
Especially if Trump seats in office and will revive oil sector.
Avoid pissing off shareholders....
Split outstanding shares ( 250 M Nico + 250 M for Arctos )
Previous bulk tonnage was 200,000 bac k in the day.
I'd do another 200,000 tonne bulk.
https://www.newswire.ca/news-releases/fortune-minerals-announces-updated-definitive-feasibility-study-for-arctos-anthracite-metallurgical-coal-project-510943761.html
200,000 tonnes
x $90 (net profit )
= $18 million
- $9 million ( buy back 50% back in rights )
= $9 million working capital
i'd then... work on converting the anthraciite to = Methanol fuel.
Methanol commands far more $$$$$ than petro.
Transport and Shipping industry...... is presently using Methanol.
Methanol is 95% less carbon intensive for emissions.
METHANOL
https://www.bc-er.ca/stories/a-primer-on-methanol-manufacturing-in-british-columbia/
https://www.methanol.org/wp-content/uploads/2023/05/Marine_Methanol_Report_Methanol_Institute_May_2023.pdf
Fortune has an approx 5 MONTHS left on the back in.
Expires May 15 2025.
I find it odd they ran with NIco instead of, Arctos.
200,000,000 million tonnes
x Methanol Fuel
= MEGA $$$$$
But hey.... this is the junior sector - lol
Cheers....
Thank me for the ideal - with shares Fortune.
Wink.
Comment by
Shanedmitchell on Dec 21, 2024 10:48am
The locals in North west BC made it very clear they were not interested in a coal mine in the sacred waters. I think this was and would be the roadblock on Arctos. It does make sense seeing as the railway is already substantially there to service the mine. Hopefully they can come up with the funds to keep the mining rights as one day the ore will be needed.