SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT)
FT 8.0000.0%Dec 31 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tim Cruise who wrote (558)5/28/2001 9:30:51 PM
From: Elizabeth Andrews  Read Replies (3) of 612
 
If FT ever produces cobalt it will be long after I'm humming with the angels. Voisey's Bay will fill whatever market shortages, if any occur, for a long time into the future. The market for cobalt is very small and you can't rely on the quoted market spot prices as they may be too high, at US$ 11/lb, to give rise to long term contracts. If FT is going to be a mine it will require considerable infrastructure as the deposit would be a sulfide producer. It must contain lots of gold not cobalt or any other small market metal for it to carry the capex, in my view.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News