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Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT) -- Ignore unavailable to you. Want to Upgrade?


To: coass who wrote (591)5/10/2002 12:34:41 AM
From: Dave R. Webb  Read Replies (1) | Respond to of 612
 
I think that you're talking similar economics as diamond mining. Some of those pipes in Canada hope to be worth $80 to $100 per tonne (around 0.8 carats per tonne and $100 per carat valuations), but few get close to a hundred million tonnes. Not too bad at all.

I guess Fortune could jv, option, or go it alone. The BC Mines web site, and the Fortune release talk about some test mining that has been conducted, so I guess access isn't too much of a problem. Let's see what Fortune proposes.

Dave