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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (54874)	2/17/2019 6:17:57 AM
From: Goose94	Read Replies (1) \| Respond to of 203729

Fortune Minerals (FT-T) plan by the government of the Northwest Territories to build a $214-million, 97-kilometre all-weather road to the community of Whati, just 50 kilometres south Fortune's Nico cobalt, bismuth, gold and copper project. Fortune would then build a spur road connecting Nico to the road, which would allow it to ship concentrate south for processing. Nico hosts a reserve of 33.1 million tonnes at 0.11 per cent cobalt and 1.03 grams of gold per tonne, plus 0.14 per cent bismuth and 0.04 per cent copper. The project was the subject of a 2014 feasibility study that proposed a $346-million mine at Nico and a $243-million processing facility in Saskatchewan -- hence the cheering for the new road. Mr. Goad and his crew have intermittently mused about updating the study, perhaps boosting the scale of the proposed 4,650-tonne-per-day operation by 30 per cent. This would be a good idea, they think, because the "transformative electrification of the automotive industry" will lead to higher cobalt prices.