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Bullboard - Stock Discussion Forum Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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 > FS STUDY -
View:
Post by Wangotango67 on Dec 20, 2024 8:23pm

FS STUDY -

2017
Link in my prior post outlines Fortunes 2017 FS figures of
= $30/lb Cobalt

2024
Current spot prices are - $24,900 Cobalt ~ 2200 lbs per tonne
= $11.32/lb Cobalt

Don't shout or cry too loud for a new FS study....
especially with a concentrate.
Comment by Yellowknifer69 on Dec 20, 2024 8:55pm
Hello and good evening FT Longs Wow, there really is a grinch who stole Christmas!  Thanks for the reality check, WT67. Yellowknifer
Comment by Allman on Dec 21, 2024 11:01am
Not sure that's reflective of actuals. In Canadian dollars, Gold is currently a staggering 145% higher than the pricing used in the 2014 Feasibility Study and Cobalt is only about 13% lower. For this, and other optimization initiatives, I'm anticipating a more bankable updated Feasibility Study. The Fortune Minerals 2014 NICO Feasibility Study Base Case Metal Price table is included ...more  
Comment by Jim1712 on Dec 21, 2024 11:41am
And the study is based on historical prices.   There is a new twist in today's study that won't be  accounted for.   The critical minerals that are mostly controlled by the Chinese Govt. can and will be shut off at anytime.   There is an urgency by the USA to get to production . Bismuth is our sleeper mineral soon to be awakened . Jim  
Fortune Minerals Ltd
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