Fortune Minerals Limited (TSE - FT) Message Board

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Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT)

FT 8.000

0.0%

Dec 31 4:00 PM EST

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To: Richnorth who wrote (568)	6/7/2001 12:05:10 PM
From: Elizabeth Andrews	Read Replies (4) of 612

Just tell us that FT cost of producing cobalt or bismuth or gold is going to be in the lowest two quartiles of world production costs and I'll shut up. All the mines that coass mentioned are well known financial disasters because their cost structures are too high for a variety of reasons. Inco doesn't really want to develop "Gordo" because of the uncertainty over energy prices. Voisey's Bay nickel production alone will cover the capex and the copper and cobalt will be essentially at no cost. My point is that FT due to its low grade and location appears to be a high cost producer and won't get financed due to this. Tell me otherwise. And, clearly you know the difference between flatulence and hot air.

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