Fortune Minerals - Kobalt, Wismut, Gold + Kohle - 500 Beiträge pro Seite

[impyer]

Projekte:

Fortune's NICO Lagerstätte.

Projektseite:
http://www.fortuneminerals.com/s/NICO.asp

Rohstoffe: Gold,Kobalt,Wismut,Kupfer

Ort:

NICO liegt 160 Kilometer nordwestlich der Stadt Yellowknife in den südlichen Teil der Northwest Territories. Das Projekt ist nur 22 Kilometer westlich von der Snare Hydro komplexe, 50 Kilometer nördlich von der Gemeinde Whatì, und 85 Kilometer nördlich von Behchoko und die Autobahn nach Edmonton, Alberta.

Status:

Nico hat mehr als $ 65 Millionen bisher für durchgeführte Arbeiten vershlungen und ist jetzt in der Umweltverträglichkeitsprüfung zur Genehmigung eines kombinierten Tagebau-und U-Minen-und Prozess-Anlage.

Eigentümer: 100% Fortune

Entdeckt: von Fortune im Jahr 1996

Vor allem, die meisten von der Vorarbeiten für die Entwicklung des unterirdische Teils der Mine ist bereits abgeschlossen im Rahmen von zwei 10 Millionen US-Dollar-Test Bergbau-Programmen, die in den Jahren 2006 und 2007 stattfanden.

Durchschnittliche jährliche Produktion von Kobalt und Wismut werden auf 4 Millionen Pfund und 4,2 Millionen Pfund, geschätzt. Vor allem, Nico wird der größte Hersteller von Wismut in der Welt. Kupfer und Nickel wird auch produziert werden,aber als Nebenprodukte.

Gold ist ein wichtiger Nebenprodukt in der NICO Mineralisierung und ist ein zyklischer Hedge, vor allem mit der aktuellen wirtschaftlichen und geopolitischen Unsicherheit, die treibt die Anleger in Gold als Reichtum.

Mineralischen Reserven und Ressourcen:

Nico enthält Nachgewiesene und wahrscheinliche Mineralreserven von 21,8 Mio. Tonnen mit 760.000 Unzen Gold, 61 Millionen Pfund Kobalt, und 77 Millionen Pfund von Wismut.

Mineralisierung:



Die NICO Reserven werden mit mindestens 15-Jahren-Mineleben bei 4000 Tonnen Erz pro Tag (1.460.000 Tonnen / Jahr) Produktion in der 2007 Micon Machbarkeitsstudie dargelegt.

Fortune's Sue Dianne-Liegenschaft, Low-Cost-Tagebau



Mineralisierung

Rohstoffe: Kupfer,Silber,Gold (oberflächennahe mineralische Rohstoffe)

Ort: Sue-Dianne liegt nur 25 Kilometer nördlich von Fortune's NICO.

Status: in der Exploration

Eigentümer: 100% Fortune

Die aktuelle Mineral-Ressource enthält 177,4 Mio. Pfund Kupfer, 977.000 Unzen Silber und 22.600 Unzen Gold und durch die Hinterlegung bleibt Potenzial für die Erweiterung nach Osten.

Kostenreduzierend wirkt auch die Nähe zum NICO Projekt und wird die dortigen Anschaffungen auch besser Auslasten und somit die Kosten auf beide Projekte aufteilen.

Damit sind die Investitionen gleich doppelt nützlich.

Bohrkern mit Kupfermineralisierung




Über Fortune Minerals
Fortune Minerals ist ein diversifiziertes Unternehmen mit natürlichen Ressourcen, sieben Minerallagerstätten und eine Reihe von Explorations-Projekte, alle mit Sitz in Kanada. Dazu gehören die NICO Kobalt-Gold-Wismut-Einlagen, die Mount Klappan Anthrazit-Kohle-Vorkommen in Britisch-Kolumbien, und die Sue Dianne-Kupfer-Silber und anderen unedlen und Edelmetallen Exploration-Projekte in den Northwest Territories. Fortune Minerals konzentriert sich auf die herausragende Leistung und das Wachstum des Shareholder Value durch die Montage und die Entwicklung von hochwertigen mineralischen Ressource Projekte.



Unternehmen HP:

http://www.fortuneminerals.com/s/NewsReleases.asp

[Buecherwurm74]

Operating Profit


2000 -0,26
2001 -0,23
2002 -0,24
2003 -0,74
2004 -1,34
2005 -0,35
2006 -0,72
2007 -0,25
2008 -1,24

[impyer]

Es steht doch in meiner Ausführung das zur jetzigen Zeit das Geld in die Projekte hinein fließt und nicht rauskommt.

Doch wie man oben sehen kann, werden sich beide Projekte ergenzen und so wir hier ein guter Gewinn durch die Produktion möglich sein.

[carpe--diem]

[Substanzfritzes]

Antwort auf Beitrag Nr.: 37.688.303 von impyer am 31.07.09 16:45:13

Nico hat mehr als $ 65 Millionen bisher für durchgeführte Arbeiten vershlungen

also verballert?
Nico enthält Nachgewiesene und wahrscheinliche Mineralreserven von 21,8 Mio. Tonnen mit 760.000 Unzen Gold,

Zwischenfrage: Wieviel davon ist nachgewiesen und wieviel wahrscheinlich?

Mein Fazit: Auf gar keinen Fall kaufen, Finger weg!

[impyer]

Nico hat mehr als $ 65 Millionen bisher für durchgeführte Arbeiten vershlungen

also verballert?

Für das Geld wurden Maschienen, Erschließung und Bohrungsarbeiten durchgeführt, also nicht verballert.

Nico enthält Nachgewiesene und wahrscheinliche Mineralreserven von 21,8 Mio. Tonnen mit 760.000 Unzen Gold,

Zwischenfrage: Wieviel davon ist nachgewiesen und wieviel wahrscheinlich?

Durch die Bohrungen wurde das Gebiet sondiert und durch die Hochrechnungen, kommt es auf diese Mineralisierung

Deswegen ist die Zahl eine grobe Richtzahl, die bei den meisten Minen übertroffen wird.



Mein Fazit: Auf gar keinen Fall kaufen, Finger weg!

Wenn ich Fragen darf auch welcher Grundlage basiert deine Meinung?

So wie ich das sehe, hast du dich mit der Firma wohl nicht beschäftigt sonst wären die Fragen darüber nicht so gestellt wurden.


Das Explorationsgebiet wurde nach genormten Standards, von unhabängiger Seite untersucht.

Die Mineralisierung wurde durch die Bohrungen festgestellt und durch Berechnungen auf das Gesamtgebiet bezogen, nur so kommt man zu ordentlichen Zahlen, wie es hier der Fall war.

mfg
impyer

[chinagerd]

Antwort auf Beitrag Nr.: 37.690.446 von Substanzfritzes am 31.07.09 21:27:08

Leute, nun mal gaaaanz langsam. Es ist wie bei den meisten Explorern,
entweder es geht gut (in 1-3Jahren), oder aber die Kohle ist weg.Wer investieren will, na bitte, wer nicht, kann sicher sein, keine Kohle
verbrannt zu haben. Schönes WE an alle -@.

[impyer]

Antwort auf Beitrag Nr.: 37.691.885 von chinagerd am 01.08.09 10:14:01

Ja so sehe ich es auch, wer nicht investiren will muss es nicht.

Nur für mich stellt sich hier eben Potenzial dar, da eben Gold in aussichtsteicher Menge festgestellt ist und die Abbaukosten vergleichsweise gering sein werden, da die Tiefen in denen es vorliegt, nicht sehr tief sind.

Ich wollte eigendlich eine konstruktive Disskusion drüber führen und nicht solche Anworten bekommen, wie sie bisher hier auftraten.

mfg
impyer

[Buecherwurm74]

Wo finde ich denn die nachgewiesenen Reserven und Ressourcen lt. NI 43-101? Ich finde die Studie nicht. Stell mal bitte den Link ins Forum. Danke!

[impyer]

für Sue-Dianne Copper-Silver Deposit:
wir es vorbereitet wie die News sagt

http://www.fortuneminerals.com/s/NewsReleases.asp?reportid=2…

Für NICO

http://www.fortuneminerals.com/i/pdf/2006-12-06_NR.pdf

http://www.fortuneminerals.com/s/NewsReleases.asp?reportid=1…

hoffe hilft dir.

[impyer]

News:

http://www.fortuneminerals.com/s/NewsReleases.asp?ReportID=3…

Fortune Minerals zur Lokalisierung von Nico`s Hydrometallurgie Prozesseinrichtung im südlichen Kanada.

Diese Änderung in der NICO Projektplanung wird eine wesentliche positive Auswirkungen auf die Kapital-und Betriebskosten haben. Es wird auch dazu beitragen, Milderung künftiger Exposition gegenüber steigenden Energiekosten, den Bauplanungen, zur Senkung der Umweltbelastungen und zur Beschleunigung der Genehmigungsverfahren, die bereits im Gange sind.

-------------------------------------------------------------------

Auch wichtig:

Fortune Minerals nimmt zur Kenntnis, dass am 15. Juli 2009, China Mining Resources Group Ltd (China Mining), durch seine hundertprozentige Tochtergesellschaft, Best Tone Holdings Ltd., ein Aggregat von 9285000 Anteile am Kapital der Fortune Minerals gekauft zuhaben. Dies entspricht 14,31% der ausgegebenen und ausstehenden Aktien der Gesellschaft.


China Mining berichtet, dass diese Aktien auf der Toronto Stock Exchange gekauft wurden, für Investitionen Zwecke. China Mining ist ein in Hongkong ansässiges Unternehmen in den Bereichen Bergbau, Verarbeitung und Verkauf von verschiedenen Metallen und Metall-Produkte, sowie Investitionen und Betriebsaktivitäten.

Hier zeigt sich wieder, es steckt noch viel Potenzial die nächsten Jahre hier, meine Meinung

[Substanzfritzes]

Antwort auf Beitrag Nr.: 37.692.279 von impyer am 01.08.09 12:15:27

für Sue-Dianne Copper-Silver Deposit:
wir es vorbereitet wie die News sagt

was ist das für ein krudes Zeug?
Das Ganze wirkt u n s e r i ö s

[Popeye82]

Fortune Minerals Provides Nico Road Initiative Update - Aug 5, 2009
www.fortuneminerals.com/s/NewsReleases.asp?ReportID=358741&_…

"Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to provide an update about the road initiative in the Tlicho (aboriginal) region northwest of Yellowknife, Northwest Territories where the Company's NICO mine development is located. The existing winter road extending north from the town of Behchoko on Highway 3 between Yellowknife and Edmonton, Alberta to the communities of Whati and Gameti is the subject of a government plan for realignment to an overland route in order to reduce the cost of living in the Tlicho region, mitigate the impacts of climate change on community resupply, and promote economic activity. This road is also currently used to access the NICO Gold-Cobalt-Bismuth-Copper deposit, which Fortune Minerals is permitting to develop a mine, mill and process plant, which requires all-season road access for mine supply and to transport metal concentrates south for processing to high value metal products.

The initiative to upgrade the Tlicho winter road is being managed by the government of the Northwest Territories (GNWT) - Department of Transportation (DOT), working together with the Tlicho Government, and with financial support from the federal government. Preliminary engineering, route analysis, environmental scoping studies and consultation with local communities have already been undertaken to establish the feasibility of this road upgrade and its desirability from the perspective of the Tlicho people. Fortune Minerals has also contributed its own detailed engineering and environmental studies for a 50 km portion of the road as its initial contribution toward the project and is part of a working group for future planning. An approximate 136 km portion of the Tlicho road will be used for the NICO mine. Approximately 25 km of all-season road has already been built by the community of Whati and is being extended this road this summer by the community. Fortune Minerals is in discussions with the GNWT, federal and Tlicho Governments with respect to joint financing the upgrade of other segments of the route to an all-weather standard so that it can be used for mine operations.

The GNWT and the federal government have committed $18 million of additional resources toward completing the next phase of the Tlicho road initiative, which includes additional engineering and environmental work, community consultation, re-alignment of the road to an all-land route, construction of permanent bridged water crossings and the laying of road bed on portions of the route. The next phase of this road initiative received significant support from Tlicho citizens during the consultation process and the Tlicho Government has approved the engineering and environmental studies now being tendered by the DOT. The final route and other details of the road construction and operation will still require the approval of the Tlicho Government.

Fortune Minerals is very pleased to be working cooperatively with the Tlicho Government and GNWT towards completion of this important infrastructure initiative to improve the transportation and reduce the cost of living in Tlicho communities as well as provide the foundation for additional economic opportunities on Tlicho lands, including the NICO mine development for the benefit of all stakeholders.

About Fortune Minerals
Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of exploration projects, all located in Canada. They include the Mount Klappan anthracite coal deposits in British Columbia, and the NICO gold-cobalt-bismuth-copper deposit, the Sue-Dianne copper-silver deposit and other base and precious metals exploration projects in the Northwest Territories. Fortune Minerals also owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. (...)"

[impyer]

Antwort auf Beitrag Nr.: 37.710.481 von Substanzfritzes am 04.08.09 20:42:41

was für denn bitte zu dieser Annahme wäre nett, wenn du es nicht nur so in den Raum stellst.

Das Projekt ist eben noch nicht fertig exploriert. Was soll daran unseriös sein?

[zopa]

Ich habe mir Anfang Juli welche ins Depot gelegt. Da über Berlin kein Handel möglich, alle über TSX geordert.
Wenn ich meine anderen Werte anschaue (z.B.: CCE, DYL, Lyc, Mol, Ore, Pos)
könnte auch hier plötzlich ein Ausbruch erfolgen...

[impyer]

http://www.newswire.ca/en/releases/archive/August2009/12/c44…

Der Abbau der aufgekauften alten Mine läuft gut und alles verwertbares wird für das NICO Projekt verwendet.

[zopa]

[Popeye82]

Fortune Minerals Raises $2.345 Million From Flow-Through Financing - Aug 14, 2009
www.fortuneminerals.com/s/NewsReleases.asp?ReportID=359968&_…

[Popeye82]

Fortune Minerals receives draft terms of reference for NICO environmental assessment - Sep 17, 2009
www.newswire.ca/en/releases/archive/September2009/17/c6211.h…

[Popeye82]

Fortune Minerals Applauds Government Investment In Northwest BC Power Transmission Line; Positive impacts on Company's Mount Klappan Anthracite Coal Project - Sep 22, 2009
www.newswire.ca/en/releases/archive/September2009/22/c7418.h…

[Picker56 [KommA]]

Hi all,

Interessant wird sein wie sich die beiden Hauptprodukte Wismuth und Kobalt preislich entwickeln werden in den nächsten Jahren, denn darauf basiert ja in erster Linie der Erlös, während Gold ja nur für die start-up-phase gut unterstützend wirkt.

Trotz der noch weiter zu erwartenden Dilution zeigt mir meine persönliche Hochrechnung ein sehr ordentliches Potential, das die noch vorhandenen Risken kompensieren hilft.

Nichts für die Zockergilde aber durchaus ein solid scheinender Titel, wenn man auf fundamentalen Daten ein Investment überlegt.
Die Vorgangsweise des Managements scheint auch kaufmännisch und zielorientiert zu sein.

Mal sehen ob sie den Zeitplan einhalten werden können.
Interessant ist Fortune allemal, da sich ja noch weitere aussichtsreiche Deposits in ihrem Besitz befinden, die entweder als eigenständige Projekte dienen können oder gute Abverkaufschancen bieten.

Picker56

[Popeye82]

FT engagiert BNP für einen Kredit um NICO zur Produktion zu führen, zu organisieren:

Fortune Minerals engages BNP Paribas to arrange NICO Project debt facility - MiningTopNews - October 21, 2009
www.miningtopnews.com/fortune-minerals-engages-bnp-paribas-t…

"Fortune Minerals Limited announce that it has retained BNP Paribas to provide advice and financial services in connection with the arrangement of a US$ 200-250 million debt facility to finance the construction, start-up and operation of the Company’s NICO Gold-Cobalt-Bismuth-Copper development in the Northwest Territories. Based in Paris, France, BNP Paribas is a world class financial institution and leader in global banking and financial services. The engagement with BNP Paribas contemplates that it would act as sole and exclusive “bookrunner” and lead arranger for this debt facility. The relationship with BNP Paribas represents a significant milestone in the evolution of Fortune Minerals and the development of the NICO project as a pending significant producer of gold and high-grade cobalt and bismuth metal co-products, and by-product copper cathode and nickel carbonate.

BNP Paribas has been reviewing data from Fortune Minerals’ NICO Project for several months while it has been undergoing the first phase of environmental assessment for mine permitting. BNP Paribas has expressed its interest in working with Fortune Minerals based on the Company’s strength of management and NICO’s multi-metal profile, location and advanced stage of development. BNP Paribas will manage detailed due-diligence of: the Company, NICO front-end engineering, and the financial models, over the next few months while Fortune continues through the second half of the permitting process. The engagement does not constitute a commitment on the part of BNP Paribas to lend or commit to lend moneys, or to provide any other facilities in connection with the NICO Project. The establishment of the contemplated debt facility remains subject to additional due diligence, financial modelling, market conditions and various other factors. "

[Popeye82]

Fortune Minerals announces agreement to purchase lands near Saskatoon, Saskatchewan for NICO refinery - Nov 3, 2009
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Popeye82]

Antwort auf Beitrag Nr.: 38.312.583 von Popeye82 am 03.11.09 18:47:11

"Fortune Minerals has determined that relocating its refinery to Saskatoon produces positive net impacts for the entire NICO development for the benefit of all stakeholders. It may also provide the Company with an opportunity to source materials from other projects for custom processing and also to participate in the metals recycling business. Undertaking such business activities would provide for a sustainable project extending beyond the anticipated life of the NICO mine. The Saskatoon refinery is expected to employ 85 people over a 15 to 20 year period based on the anticipated life of the NICO deposit alone. Investment in the refinery is estimated at $150 million and construction is anticipated to commence upon receipt of the NICO mine permits and project financing. NICO is in the second phase of environmental assessment for mine permitting and is under review for senior project financing by BNP Paribas, a world class bank and highly ranked market leader in global mine finance. ..."

[Picker56 [KommA]]

Ein freundliches Hallo an Popeye82 !!

Ein recht interessanter Titel mit 2 zukunftsträchtigen Metallen.

Bin neugierig ob die BNP die Finanzierung aufstellt und ob die Raffinerie in einer weiteren Finanzierungsrunde Realität wird.
70% dept + 30% Equity ????--> und wie sich daraus die CAPEX darstellen wird.

Das würde bei heutigen Kursen in Summe rd. an die 250 Mio shares ausmachen. Mal sehen, obs so kommt.

Wenn sich Cobalt und Wismuth brav entwickeln steckt sehr viel Potential in Fortune.

Denke ich falsch bei der Annahme dass aus heutiger Sicht eine Produktionsaufnahme mit 2012 möglich ist ??

L.G.
Picker56

[Popeye82]

Fortune Minerals updates NICO front-end engineering - 11/04/2009
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Picker56 [KommA]]

Antwort auf Beitrag Nr.: 38.321.150 von Popeye82 am 04.11.09 19:31:27

Ein guter Bericht mit klar abgesteckten Zielen und Aufgaben für die nächste Zeit.

Mir erscheint das Managementteam professionell zu arbeiten.

Wichtig werden die Inhalte der neuen Feasibility sei, wo aktuelle Preise und vor allem gesenkte Kosten ein besseres Bild über die wirtschaftlichen Aussichten aufzeigen werden.

Hoffen wir dass die BNP-Paribas dies ebenfalls so positiv sieht und eine senior-dept-Finanzierung OHNE extremer zusätzlicher Dilution beschließt.

Es scheint sich tatsächlich so zu entwickeln dass gegen Ende 2011 an eine Produktion zu denken ist.

Picker56

[Popeye82]

Fortune Minerals Limited - News Release - Nov 19, 2009
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Popeye82]

Fortune Minerals announces closing of $17.25 million public offering - Dec 3, 2009
www.newswire.ca/en/releases/archive/December2009/03/c7607.ht…

"LONDON, ON, Dec. 3 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to announce that it has closed its previously announced public offering (the "Offering") consisting of 26,538,550 units at an offering price of $0.65 per unit for aggregate gross proceeds of $17,250,057.50, which includes the issuance of 3,461,550 units pursuant to the full exercise of the agents' over-allotment option. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share of Fortune Minerals at an exercise price of $0.80 per common share at any time up to 5:00 p.m. (Toronto time) on December 3, 2011. The units were offered for sale, on a "best efforts" agency basis, by a syndicate of agents led by Paradigm Capital Inc. and including CIBC World Markets Inc., Dundee Securities Corporation, Jones, Gable & Company Limited and Loewen, Ondaatje, McCutcheon Limited.

The net proceeds of the Offering will be used principally by Fortune Minerals to fund the permitting process associated with the NICO gold-cobalt-bismuth-copper project in the Northwest Territories (the "NICO Project"), the costs of the Southern Hydrometallurgical Facility, the transportation and refurbishment of the Hemlo Mill and long lead equipment for the NICO Project. The remaining net proceeds will be added to working capital and used for maintaining and joint venturing the Mount Klappan anthracite coal project in British Columbia, maintaining the Company's interests in its other projects and for administrative and general corporate purposes.

The common shares and the warrants comprising the units are listed and posted for trading on the Toronto Stock Exchange ("TSX") under the symbols "FT" and "FT.WT", respectively. The TSX has also approved for listing any common shares to be issued upon the exercise of the warrants.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available. ..."

[Popeye82]

Fortune Minerals applauds Saskatchewan Government announcement - Dec 8, 2009
www.newswire.ca/en/releases/archive/December2009/08/c9265.ht…

"LONDON, ON, Dec. 8 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") applauds the Government of Saskatchewan's December 3, 2009 announcement of several new tax incentives to attract new business to the province. Fortune Minerals anticipates one of the incentives announced, the introduction of a five-year Corporate Income Tax incentive for corporations that process minerals imported into the province, will directly benefit the Company. Fortune Minerals recently announced the decision to locate its metallurgical process plant for the NICO project in Saskatchewan and, once in production, this tax incentive, if fully enacted into law, has the potential to enhance the economics of processing metal concentrates in Saskatchewan. During the search for a suitable location for a processing facility, the Company received support from Enterprise Saskatchewan and the Saskatoon Regional Economic Development Authority in locating land in Saskatchewan. Fortune Minerals is further encouraged by the Government of Saskatchewan becoming a strong proponent of the project with support and recognition the Company's substantial investment to be made and the positive impact it will have in Saskatchewan and local communities.


The following is an excerpt from the news release issued on December 3, 2009 by Enterprise Saskatchewan:

Saskatchewan encourages value-added mineral processing
------------------------------------------------------

The Government of Saskatchewan has announced the introduction of a

five-year Corporate Income Tax incentive for corporations that process

minerals imported into the province to the prime metal stage, which has

the potential for a range of positive economic effects.

"Our Government is committed to enhancing Saskatchewan's capacity to add

value from natural resources," Enterprise Saskatchewan Minister Ken

Cheveldayoff said. "For the province at large, this incentive will mean

beneficial short-term economic activity and significant long-term gain,

while an increase in corporate presence will serve to further raise our

national and international presence and impact."

"This change will significantly enhance the attractiveness of refining

imported minerals in our province," Cheveldayoff said. "We hope to

attract quality, high-paying jobs to Saskatchewan as a result. We believe

this type of targeted tax incentive holds great potential for encouraging

economic growth in our province, and simply adds to the overall

attractiveness and competitiveness of our business climate - which is

already considerable."

Legislation to implement the five-year Corporate Income Tax incentive

will be tabled in the spring 2010 session of the Legislature."


The proposed Saskatoon area site includes access to the main line of the Canadian National Railway, which can accommodate a rail spur for delivery of concentrates from the mine, supplies from vendors and metal products sold to customers in industrial centres in North America or points of export. The property is in close proximity to the Trans-Canada Highway and other services including power, natural gas, and water supply. Saskatoon is the fastest growing city in Canada and the commercial centre for the province of Saskatchewan. "With a diversified economy, a highly skilled work force and respected post-secondary institutions, Saskatoon can accommodate everything that is required to construct and operate this process plant," said Fortune Minerals President, Robin Goad.

Fortune Minerals has determined that relocating its processing facility to Saskatoon produces positive net impacts for the entire NICO development for the benefit of all stakeholders. The Saskatoon plant is expected to employ 85 people over a 15 to 20 year period based on the anticipated life of the NICO deposit alone. It may also provide the Company with an opportunity to source materials from other projects for custom processing and also to participate in the metals recycling business. Undertaking such business activities would provide for a sustainable project extending beyond the anticipated life of the NICO mine. Investment in the plant is estimated at $150 million and construction is anticipated to commence upon receipt of the NICO mine permits and project financing.


About Fortune Minerals

Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of exploration projects, all located in Canada. They include the Mount Klappan anthracite coal deposits in British Columbia, and the NICO gold-cobalt-bismuth-copper deposit, the Sue-Dianne copper-silver deposit and other base and precious metals exploration projects in the Northwest Territories. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.


For further information:
Fortune Minerals Limited, Robin Goad, President - or - Lindsay Simmons, IR Coordinator, [e-mail], Tel.: [phone], Fax: [phone], www.fortuneminerals.com; Renmark Financial Communications, Dan Symons: [e-mail] - or - Barbara Komorowski: [e-mail]; Media Contact, Valerie Lacasse: [e-mail], Tel: [phone], Fax: [phone], www.renmarkfinancial.com "

[Popeye82]

Antwort auf Beitrag Nr.: 38.531.695 von Popeye82 am 08.12.09 21:13:21

Da ging die Markierung etwas in die Hose, sollte eigentlich der Absatz unter der Regierungserklärung sein.

Gruß,
Popeye

[Popeye82]

Fortune Minerals announces significant increase in NICO project mineral reserves - NW, LONDON - Jan 14, 2010
www.newswire.ca/en/releases/archive/January2010/14/c8478.htm…

"LONDON, ON, Jan. 14 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to announce a new mine plan and a 43% increase in the mineral reserves for its 100% owned NICO gold-cobalt-bismuth-copper project in the Northwest Territories, Canada. The update, prepared by P&E Mining Consultants Inc. ("P&E"), has increased the proven and probable mineral reserves for NICO to 31 million tonnes from the 21.8 million tonnes established previously in the 2007 definitive feasibility study for the project (updated in 2008) by Micon International Limited ("Micon") (see Fortune Minerals news releases, dated January 16, 2007 and May 8, 2008). The new mine plan and larger mineral reserves will extend the operating life of the NICO mine and process plant from 15 to 18 years at a higher, 4,650 tonnes per day production rate, and positively impact project economics.


Highlights of the Updated NICO Mine Plan and Mineral Reserves:

+ 43% increase in Proven and Probable Mineral Reserves to 31 million tonnes;

+ Increase in contained metals:
- Gold content increased by 147,000 ounces to 907,000 ounces;

- Cobalt content increased by 21 million pounds to 82 million pounds;

- Bismuth content increased by 32 million pounds to 109 million pounds;

- Copper now included in reserves and totals 27 million pounds;


+ Gold is now the largest projected source of revenue for the project during the first two years of operations at current metal prices;

+ Reserves contain 4.9 million ounces gold equivalent at metal price assumptions used in study;

+ Mine life increased from 15 to 18 years;

+ Identification of 6.5 million tonnes of additional marginal sub-economic mineralized material to be stockpiled for potential future processing;

+ New open pit mine plan reduces initial capital by eliminating 10 million tonnes of waste pre-stripping;

+ New underground mine plan lowers mining costs with greatly reduced backfill requirements;

+ Includes higher metal recoveries verified from pilot plant:

+ Gold recovery is 56% to 84%, averaging 72%, depending on head grade;

- Cobalt recovery of 83%;
- Bismuth recovery of 70%;
- Copper recovery of 52%;

- 16% increase in mill throughput to 4,650 tonnes per day;
- Operating costs reflect processing of concentrates to metals in Saskatchewan.


NICO is a proposed vertically integrated project to mine and concentrate ores from the Company's deposit in the Northwest Territories ("NWT"), located 160 km northwest of the City of Yellowknife and 50 km north of the Tlicho community of Whati. Bulk concentrates produced at the mine will be transported by truck and then rail for delivery to the refinery that the Company plans to construct in Saskatchewan for processing to high value metal products. Fortune Minerals has an agreement to purchase the site for this Saskatchewan Metals Processing Plant ("SMPP") located 26 km west of Saskatoon, subject to certain conditions, including appropriate re-zoning and completion of satisfactory due-diligence currently being conducted.


NICO Mineral Reserves:

The updated mineral reserves for the NICO deposit are compiled in the following tables:

Underground Mineral Reserves
----------------------------

-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 1,403,000 2.23 0.16 0.22 0.04
-------------------------------------------------------------------------
Probable 767,000 2.92 0.17 0.19 0.03
-------------------------------------------------------------------------
Total 2,170,000 2.47 0.16 0.21 0.03
-------------------------------------------------------------------------



Open Pit Mineral Reserves
-------------------------

-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 15,019,000 0.85 0.12 0.16 0.04
-------------------------------------------------------------------------
Probable 13,797,000 0.71 0.12 0.15 0.03
-------------------------------------------------------------------------
Total 28,816,000 0.79 0.12 0.15 0.04
-------------------------------------------------------------------------



Combined Mineral Reserves
-------------------------

-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 16,422,000 0.97 0.12 0.16 0.04
-------------------------------------------------------------------------
Probable 14,564,000 0.83 0.12 0.15 0.03
-------------------------------------------------------------------------
Total 30,986,000 0.91 0.12 0.16 0.04
-------------------------------------------------------------------------
Contained 907,000 82 million 109 million 27 million
Metal ounces pounds pounds pounds
-------------------------------------------------------------------------

In addition to the mineral reserves, there are 6.5 million tonnes of marginal sub-economic material that will be mined and stockpiled for processing during periods of higher metal prices. This material has the potential to be processed at a profit and extend the mine life up to an additional 4 years.

The mineral reserves for the NICO deposit were updated in compliance with National Instrument ("NI") 43-101 and CIM guidelines by P&E using an updated resource model also prepared by P&E. The increase in the NICO reserves is a result of: a more efficient open pit and underground mine plan; increased mill throughput using equipment the Company already owns from its purchase of the Golden Giant Mine mill at Hemlo, Ontario; higher metal recoveries confirmed by the Company's pilot plant (see Fortune Minerals news releases, dated February 5, 2008 and February 24, 2009); and greater revenues using higher metal price assumptions and the production of some higher value metal products over those used in the Micon 2007 feasibility study and 2008 update.

The updated mineral reserves are based on operating cost net smelter return ("NSR") cut-off values that have been updated from recent front-end engineering and design studies. The C$48.07/tonne NSR open pit reserve cut-off was derived from a C$41.82/tonne processing cost and a C$6.25/tonne general and administration ("G&A") cost. The open pit unit rock mining cost for optimization, design and reserve delineation is C$2.59/tonne. The C$85.64/tonne NSR underground reserve optimization, design and reserve delineation cut-off was derived from a $37.57/tonne mining cost, a C$41.82/tonne processing cost, and C$6.25/tonne for G&A.

The metal prices and Canadian to US dollar exchange rates used in the updated mineral reserves are the 2-year trailing average adjusted downwards for certain metals to reasonable round values. They are: US$900/oz gold, US$20/lb cobalt, US$10/lb bismuth and US$2.75/lb copper at a Canadian$ to US$ exchange rate of C$1=US$0.92.

Eugene Puritch, P.Eng. and Fred H. Brown, CPG PrSciNat, both of P&E, are the Qualified Persons responsible for the updated mineral reserves as defined by NI 43-101.


Mining:

The NICO deposit will be mined primarily by open pit with the gold-rich, higher grade underground ores contributing mill feed during the initial 2 years of operations. Changes have been made to the mine plan to improve the economics during early years of production.

The underground part of the mine will be mined by retreat blast hole open stoping. The tonnage available from the underground part of the mine has been increased by 83% to 2.2 million tonnes as a result of higher projected revenues from higher metal prices and metal recoveries, and also from lower underground mining costs achieved by the significant reduction in the amount of back filling that will be required in mined out stopes. Gold-rich, higher grade ores from the underground part of the mine are now projected to contribute 60% of the mill feed at the higher 4,650 tonnes per day production rate, as compared to 30% of 4,000 tonnes per day in the Micon feasibility study. The greater amount of high-grade ores will increase the cash flow for the project during the first 2 years of the operation.

The open pit part of the mine will be a conventional truck and hydraulic shovel operation, accomplished in 4 phases at an average strip ratio of 3.4:1. The mine plan for the open pit has been re-scheduled with the identification of a low strip ratio starter pit. This, together with the greater availability of underground ores, allows the previously planned 10 million tonne waste pre-stripping program to be eliminated. This quantity of waste now becomes part of normal production stripping and can be financed from cash flow. This change also has the potential to defer the acquisition of some of the more expensive components of the mine fleet by 1 to 2 years.


Processing:

The NICO ore will be processed in 2 stages at the NICO site and SMPP, respectively. At the NICO site, 4,650 tonnes per day of ore will be processed in a crushing, grinding and flotation concentrator to produce approximately 180 tonnes of bulk concentrate per day. The high concentration ratio (low mass pull) of NICO ores is a significant economic attribute to the deposit, which allows the Company to transport a high-value concentrate to southern Canada where significant process cost savings can be achieved. Notably, a significant amount of the crushing, grinding and other equipment that will be required at NICO has already been purchased by Fortune Minerals from its acquisition and dismantling of the Golden Giant Mine mill at Hemlo, Ontario.

The NICO bulk concentrate will be transported by truck to Hay River, NWT for transfer to rail and delivery to the Company's proposed SMPP on the CN main line in Saskatchewan, located 26 km northwest of Saskatoon. At the SMPP, the bulk concentrate will undergo additional grinding and flotation to produce separate gold-bearing cobalt and bismuth concentrates, followed respectively by pressure acid leach and acid leach, hydrometallurgical processing, and then electro-winning to gold doré, 99.8% cobalt cathode, 99.5% bismuth cathode, 99.99% copper cathode and a nickel by-product.

The decision to move the downstream processing of metals to Saskatchewan was driven primarily by the availability of lower cost power and the proactive support of the Government of Saskatchewan, which has also proposed attractive tax legislation to encourage processing of raw materials that have been sourced from outside of the province. This legislation is expected to be passed in the spring of 2010 and will benefit NICO project economics.

The NICO project is in the second half of the environmental assessment process in the Northwest Territories to permit the mine and concentrator. Fortune Minerals is also working with the Tlicho and Northwest Territories Governments on making infrastructure improvements in the vicinity of the mine that will also improve the quality of life in nearby Tlicho communities.

Front-end engineering and design ("FEED") work is substantially complete for the NICO mine site and is nearing completion for the proposed SMPP in Saskatchewan. This work is being done by Aker Metals, a division of Aker Solutions Canada Inc., P&E, Golder Associates Limited, SGS Lakefield Research Limited, Faradelk Ltd., Dan Mackie and Associates, EHA Engineering Ltd. and Hydroproc. Updated economics for the NICO project will be announced upon completion of this work, targeting the second quarter of this year.

Concurrently with FEED, JDS Energy and Mining Inc., together with Tlicho Logistics, are reviewing NICO Constructability and logistics.

Fortune Minerals is very pleased to continue reporting operational improvements for the NICO project, including the new mine plan and updated mineral reserves that will extend the employment and economic opportunities for the project for the benefit of all stakeholders.


About Fortune Minerals:

Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of exploration projects, all located in Canada. They include the Mount Klappan anthracite coal deposits in British Columbia, and the NICO gold-cobalt-bismuth-copper deposit, the Sue-Dianne copper-silver deposit and other base and precious metals exploration projects in the Northwest Territories. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.

The contents of this press release have been reviewed and approved by Eugene Puritch, P.Eng., President of P&E Mining Consultants Inc. and Robin Goad, P.Geo., President of Fortune Minerals Limited. "

[zopa]

Es ist geschafft ! Vielleicht hat meine ständige Nerverei geholfen, dass die Aktie neben Berlin endlich auch in Frankfurt gelistet ist.

Die Preisstellung in Berlin war ja unerträglich.

[Popeye82]

Antwort auf Beitrag Nr.: 38.782.954 von zopa am 21.01.10 15:59:15

Hallo Zopa,

Ich denke Du kaufst an der Heimatbörse(würde ich ja dann auch dabei belassen)?


Zu Fortune -dann schauen wir mal, was für ein Paket uns die BNP Paribas zusammenschnüren kann. Der ausstehende Beschluss zur geänderten Gesetzgebung der Regierung von Saskatchewan dürfte auch noch wichtig sein.

Gruß
Popeye

[zopa]

Ich bin denen aus 2erlei Gründen auf den Wecker gegangen:

1. Weil mein Depot dann schöner aussieht (kann nicht anders )
2. Vielleicht steigen jetzt die Umsätze,sind ja nicht alle potentiellen Investoren bei online-Brokern.

[Popeye82]

"Dundee puts Fortune on watch list - Jim1712 - Jan 23, 2010
We are adding Fortune to the Mineral Exploration Watch List. Fortune is focused on the development of mineral projects in Canada. The company has three advanced-stage projects, including the NICO gold-cobalt-bismuth-copper deposit and the smaller Sue-Dianne copper-silver-gold deposit in the Northwest Territories and the Mount Klappan anthracite coal project in British Columbia.

Fortune's most advanced project is NICO, which has seen significant development work, including a feasibility study and a test mining program. Fortune has purchased the Golden Giant Mill, which will be refurbished and brought to the NICO site. Fortune anticipates receiving final permits in late 2010 or early 2011, and the company currently expects to begin production in 2012.

The feasibility study completed on NICO suggests the project has a net present value that far exceeds the company's current market cap.

Mount Klappan hosts one of the largest undeveloped anthracite coal deposits in the world. It also has seen significant work, including a test mining program that produced more than 200,000 tonnes of coal for processing in a pilot plant at the site. Mount Klappan is in the environmental permitting process, and Fortune is seeking to bring in a partner to develop the project.
www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=27856… "

[Popeye82]

Presentation - Jan10
www.fortuneminerals.com/Theme/Fortune/files/doc_presentation…

[Popeye82]

Antwort auf Beitrag Nr.: 38.798.483 von Popeye82 am 23.01.10 19:41:50

"OBJECTIVES FOR 2010

NICO Objectives
+ Complete NICO debt facility with BNP Paribas

+ Complete environmental assessment &permitting

+ Complete purchase of site for Saskatchewan Metals Processing Plant
+ Complete agreements with Tlicho Government

+ Complete front-end engineering &commence equipment procurement

+ Refurbish Hemlo equipment for relocation to NICO

+ Retain construction manager &contractors

Mount Klappan Objectives
+ Complete joint venture, sale or partnering transaction

Corporate Objectives
+ Assess options for Company’s share of NICO financing – proceeds from Klappan transaction – gold sale – traditional equity – joint venture – M&A

+ Continue building management team for operations "

[Popeye82]

Fortune Minerals announces appointments for Senior Metalurgist and SMPP Permitting Consultant - Feb 2, 2010
www.newswire.ca/en/releases/archive/February2010/02/c5812.ht…

"TORONTO, Feb. 2 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or "the Company") is pleased to announce the appointment of Mr. Jared Orynik, P.Eng, as Senior Metallurgist for the Company's proposed Saskatchewan Metals Processing Plant ("SMPP") to be built near Langham, 30 km west of Saskatoon. Fortune Minerals' SMPP will use modern hydrometallurgical process technologies to treat bulk concentrates from the Company's wholly-owned NICO mine in the Northwest Territories to produce high value metal products, including gold, as well as cobalt, bismuth and copper cathodes. The NICO mine and concentrator is currently undergoing the second half of an Environmental Impact Assessment in the Northwest Territories, and the SMPP is undergoing a separate concurrent permitting process in Saskatchewan.

Jared Orynik is a metallurgical and materials engineer, who brings additional hydrometallurgical expertise to Fortune Minerals to augment the Company's existing team of in-house process and mining engineers and expert consultants. Jared was recently employed as a Senior Production Engineer at Teck Resources' metallurgical complex at Trail, B.C., where he worked in metal leaching and electro-winning operations similar to the process technologies that will be employed at Fortune Minerals' SMPP. Jared also has key plant commissioning experience as part of Teck's startup of the Pogo Gold Mine in Alaska. Originally from Prince Albert, Saskatchewan, Jared is a graduate of Materials Engineering at the University of Alberta. He is pleased to be back in his home province as a member of the Fortune Minerals management group based in Saskatoon as the Company advances its vertically integrated NICO gold-cobalt-bismuth-copper development toward commercial production.

Additionally, Fortune Minerals announces that it has engaged MDH Engineered Solutions Corp. ("MDH") to complete the geotechnical, hydrogeological, and environmental programs required for the permitting, construction and operation of the Company's SMPP following a competitive selection process. MDH will conduct soil investigations and geotechnical design for the plant foundations and the construction of earthworks for the storage ponds and residue storage facilities for the SMPP. Hydrogeological studies are being conducted for groundwater characterization and flow modeling for plant water supply, and for the impact assessment for permitting. Baseline environmental surveys are also being conducted for heritage resources, climate, soil conditions, vegetation, wildlife and hydrology to support permitting. Based in Saskatoon, MDH has a 30-year history of providing geotechnical, hydrogeological, and environmental consulting services for large industrial clients in the mining and petrochemical industries in western Canada.


About Fortune Minerals:

Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of exploration projects, all located in Canada. They include the Mount Klappan anthracite coal deposits in British Columbia, and the NICO gold-cobalt-bismuth-copper deposit, the Sue-Dianne copper-silver deposit and other base and precious metals exploration projects in the Northwest Territories. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Picker56 [KommA]]

Hallo popeye82,

ohne jetzt alles durchackern zu müssen - gibt es irgend eine Zeitschiene bis wann man die Finanzierung abgeschlossen haben will ?

Ist ja ne Menge cash das sie brauchen und trotz aller Werthaltigkeit der Bodenschätze sicher nicht leicht zu arrangieren.

Wäre interessiert an deiner Einschätzung, da du den Wert sicher in guter Beobachtung hast.

Picker56

[Popeye82]

Fortune - Federal Budget Provides $11 Million to Streamline Northern Regulatory Regime - Mar 5, 2010
www.fortuneminerals.com/Theme/Fortune/files/doc_news/Chamber…

[Popeye82]

Fortune Minerals provides update of NICO Project winter field programs - Mar 16, 2010
www.newswire.ca/en/releases/archive/March2010/16/c2286.html

"LONDON, ON, March 16 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to provide an update of ongoing winter programs for its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories ("NWT") and its proposed Saskatchewan Metals Processing Plant ("SMPP") near Saskatoon. Fortune Minerals plans to become a vertically integrated metal producer. The Company will mine and process ores at the NICO site in the NWT and produce a bulk concentrate for delivery to its proposed SMPP for refining to high value metal products, including gold-doré, and cobalt, bismuth and copper cathodes. NICO is undergoing an environmental assessment to permit the mine and concentrator in the NWT, and a concurrent permitting process for the SMPP in Saskatchewan. Field programs are being conducted at both sites to support permitting and planned construction activities, and optimize the project for production targeted in late 2012.


NICO Mine Site Field Programs:

The NICO gold-cobalt-bismuth-copper deposit is located in the southern part of the NWT, 160 km northwest of the City of Yellowknife and 50 km north of the community of Whati. Fortune Minerals contracted Tlicho Logistics to extend the Government winter road used to supply local communities to the NICO mine site. This ice road has been completed and Tlicho Logistics is now transporting fuel and other bulk supplies to the project to support the Company's winter and summer field programs.

FORACO Drilling Ltd. has been contracted to conduct additional geotechnical drilling at the mine to support ongoing engineering and the construction of the mill, mine buildings and airstrip. This work, together with engineering of the roads and plant site, is being supervised by EBA Engineering Consultants Ltd. Additional geotechnical drilling is also being conducted in the proposed impoundment area for management of co-mingled waste rock and mill tailings. Monitoring holes are also being installed to collect groundwater samples for base line characterization and to monitor seepage during mine operations. Golder Associates Ltd. is conducting the engineering work for the tailings and waste rock management area as well as the environmental work for the NICO mine site. Condemnation holes are being drilled beneath the proposed waste rock and tailings impoundment area to ensure that no potential unidentified open pit mineable ores are sterilized by the construction of these facilities.

Fortune Minerals is pleased to announce that it will conduct a significant additional drilling program this summer, currently estimated at 7,000 metres in 43 holes. The main objectives for this program are to extend the known mineral reserves for the deposit and provide better definition of the perimeter of the orebody for detailed mine operations and production scheduling. Notably, the Company believes there is good potential to expand the gold-rich zones of the deposit where they remain open for possible expansion at depth. The NICO deposit currently has Proven and Probable Mineral Reserves totaling 31 million tonnes containing 907,000 ounces gold, 82 million pounds of cobalt, 109 million pounds of bismuth and 27 million pounds of copper (See Fortune Minerals News Release, dated January 14, 2010 and the table below). The identification of additional reserves could extend the life of the mine beyond the currently contemplated 18 years and also has the potential to increase the gold reserves above 1 million ounces. The NICO deposit contains 4 million equivalent gold ounces with the conversion of the value of the contained cobalt, bismuth and copper at the metal price assumptions used in the reserve estimates.


NICO Mineral Reserves:

The mineral reserves for the NICO deposit are compiled in the following tables:


Underground Mineral Reserves
-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 1,403,000 2.23 0.16 0.22 0.04
-------------------------------------------------------------------------
Probable 767,000 2.92 0.17 0.19 0.03
-------------------------------------------------------------------------
Total 2,170,000 2.47 0.16 0.21 0.03
-------------------------------------------------------------------------


Open Pit Mineral Reserves
-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 15,019,000 0.85 0.12 0.16 0.04
-------------------------------------------------------------------------
Probable 13,797,000 0.71 0.12 0.15 0.03
-------------------------------------------------------------------------
Total 28,816,000 0.79 0.12 0.15 0.04
-------------------------------------------------------------------------


Combined Mineral Reserves

-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 16,422,000 0.97 0.12 0.16 0.04
-------------------------------------------------------------------------
Probable 14,564,000 0.83 0.12 0.15 0.03
-------------------------------------------------------------------------
Total 30,986,000 0.91 0.12 0.16 0.04
-------------------------------------------------------------------------
Total 907,000 82 million 109 million 27 million
Contained ounces pounds pounds pounds
Metal
-------------------------------------------------------------------------


The mineral reserves for the NICO deposit were estimated in compliance with National Instrument ("NI") 43-101 and CIM guidelines by P&E Mining Consultants Inc. using metal price assumptions of US$900/oz gold, US$20/lb cobalt, US$10/lb bismuth and US$2.75/lb copper. Mr. Eugene Puritch, P.Eng. and Fred H. Brown, CPG PrSciNat, both of P&E, are the Qualified Persons responsible for the updated mineral reserves as defined by NI 43-101.


Saskatchewan Metals Processing Plant Field Programs:

Fortune Minerals has an agreement to purchase lands adjacent to the CN Main Railway Line near Langham, 26 km northwest of Saskatoon, where it plans to construct its SMPP. The Company contracted MDH Engineered Solutions Corp. ("MDH") to conduct a hydrogeology assessment of the plant site groundwater for process water supply and to assess any potential impacts the Company might have on the Dalmeny Aquifer. Drilling for this assessment is now complete and MDH will conduct a pump test in May before completing its report in support of permitting. Geotechnical drilling is also being conducted for the design of the plant foundations, and also to determine soil conditions and permeability for construction of the water storage ponds and process residue storage facility. MDH is also conducting environmental base line studies to support ongoing permitting activities.


About the Projects:

The NICO project consists of a mine and concentrator in the NWT and the SMPP consists of a hydrometallurgical process plant in Saskatchewan to make Fortune Minerals a near-term reliable Canadian based producer of gold, cobalt, bismuth and copper metals.

The NICO deposit contains mineral reserves that will sustain operations for a minimum 18 years at a planned production rate of 4,650 tonnes of ore per day. The deposit will utilize a combination of both open pit and underground mining in the first two years of the mine life, and then only open pit mining in years 3-18. As a result of underground bulk sampling already conducted in 2006 and 2007, a significant amount of pre-production development and the decline access ramp to the underground part of the mine has already been completed. A mill and concentrator will be constructed at the NICO site with a conventional crushing and grinding circuit and flotation cells to produce a bulk concentrate. NICO ores have a very high concentration ratio producing only 180 tonnes of bulk concentrate per day containing the recoverable economic metals. Fortune Minerals owns buildings and equipment from the Golden Giant Mine at Hemlo Ontario, which have been dismantled for relocation to NICO for construction of the mill and concentrator.

Bulk concentrate produced at the NICO site will be trucked to the rail head at Hay River, NWT for loading onto rail cars and delivery to the Company's proposed SMPP located on the CN Main Line near Saskatoon. The concentrate will undergo further grinding and flotation to produce gold-bearing cobalt and bismuth concentrates for refining by acid leach and then electro-winning to high value metal products, including gold doré, 99.8% cobalt cathode, 99.5% bismuth cathode and 99.99% copper cathode.

The NICO Project has already been assessed in a positive definitive feasibility study by Micon International Limited that was updated in 2008 and indicates an attractive rate of return for the development. Front-end engineering and design for NICO and the SMPP are nearing completion by Aker Metals Canada, a division of Aker Solutions, P&E Mining Consultants Inc., SGS Lakefield Research Limited, Dan Mackie & Associates, Hydroproc, EHA Engineering Ltd. and Golder Associates Limited, and updated economics for the combined projects are expected to be available in the third quarter of 2010.

Fortune Minerals is very pleased to continue reporting operational improvements for the NICO project that will extend the employment and economic opportunities for the project for the benefit of all stakeholders.


About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Popeye82]

SqueezePlay : March 18, 2010 : Bismuth and Other Commodities; BNN speaks to Robin Goad, president and CEO, Fortune Minerals - BNN - Mar 18, 2010:
http://watch.bnn.ca/squeezeplay/march-2010/squeezeplay-march…

[zopa]

Kohle ist das Gold des neuen Jahrzehnts

Mount Klappan ist ja das 2. Bein von Fortune Minerals.

Fortune's wholly-owned Mount Klappan project in northwest British Columbia contains 231 million tonnes measured and indicated and 2.57 billion tonnes inferred and speculative of high rank anthracite coal (see reserve and resource table below) making this the largest undeveloped deposit in North America and one of the largest in the world.

Übrigens: Was haltet ihr davon, den Titel des Schrats umzubenennen ?

Aus dem jetzigen Titel geht überhaupt nicht hervor, was die company macht. Schließlich tanzen die ja auf 2 Hochzeiten (Kobalt + Kohle) und Gold bzw. Bismut/Wismut.

[zopa]

... sind mehr als nur "Beifang".

[Popeye82]

Antwort auf Beitrag Nr.: 39.246.249 von zopa am 30.03.10 15:55:47

Hallo zopa,

Mir ist das egal, ich würde es allerdings wenn im Treadtitel so berücksichtigen, dass Mt. Klappan derzeit klar untergeordnete Priorität hat, 2trangig ist. Das Projekt befindet sich ja gerade in einer Art "Strategic Review" &es ist noch nicht klar, wie es an der Front weitergehen wird(Verkauf, JV...). Wobei es im Falle späterer Realisierung, IMO schon das "Sahnebonbon" sein könnte(speziell im Zusammenhang der, weitaus, höherwertigen Anthracite Kohle).

Gruß
Popeye

[zopa]

Vielleicht äußert sich impyer als der Gründer diese Schrats dazu und hat einen (Titel-)Vorschlag ?!

Oder ist er nicht mehr investiert ?

[zopa]

Hat die company in den letzten 12 Monaten jemals eine Präsentation veröffentlicht ?
Ist mir evtl. etwas entgangen ?

Ich habe heute jedenfalls mal ne mail nach Ca geschickt und nachgefragt ...

[Popeye82]

Antwort auf Beitrag Nr.: 39.246.951 von zopa am 30.03.10 16:46:29

mindestens 2 oder3:
www.fortuneminerals.com/Theme/Fortune/files/doc_presentation…

[zopa]

Antwort auf Beitrag Nr.: 39.246.987 von Popeye82 am 30.03.10 16:49:33

Na da sag ich aber artig: Danke. Woher ist das ? Auf der homepage hab ichs nicht gefunden. Oder muss ich zu Fielmann ?

[Popeye82]

Antwort auf Beitrag Nr.: 39.247.186 von zopa am 30.03.10 17:09:11

Fielmann. Direkt auf der Hauptseite: www.fortuneminerals.com

Gruß
Popeye

[zopa]

Ich sollte mich wohl in "El Blindo" umtaufen !

[zopa]

impyer, you've got bm !

[zopa]

Auf Stockhouse gefunden:

http://www.thecdi.com/cdi/images/news_pdf/cobalt_news_apr10.…

[zechn16]

könnte jemand einen rt-chart von canada reinstellen, wäre dankbar

[Popeye82]

Mann vom Hauptaktionär:

Fortune Minerals announces the appointment of Grant Chen to the board of directors - Apr 15, 2010
www.newswire.ca/en/releases/archive/April2010/15/c2772.html

"LONDON, ON, April 15 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") announces the appointment of Mr. Shou Wu (Grant) Chen to the Company's board of directors. Mr. Chen is Deputy Chairman and CEO of China Mining Resources Group Limited ("China Mining"), a Hong Kong-based company that mines and processes molybdenum, copper, zinc and other metal products in the Peoples Republic of China ("PRC"), and also has a portfolio of investments in Canadian mining companies. China Mining is currently the company's largest shareholder, holding approximately 16.05% of the outstanding shares plus warrants to purchase an additional 3.85% of the outstanding shares, assuming the full exercise of the warrants held by China Mining and the other outstanding warrants to purchase shares in the company are not exercised. "We are very pleased to welcome Grant to our board", said George Doumet, Chairman of Fortune Minerals. "In addition to having expertise in both mining and merchant banking generally, Grant will provide our Company with representation in the fastest growing region in the world for our products as well as specific expertise in Asian capital markets."

Grant Chen graduated from Jilin University, PRC in 1985 with a bachelor's degree in Mineral Resources Exploration and earned a master's degree in Geological Science in 1988. He obtained his master's degree in Business Administration from the Richard Ivey Business School at the University of Western Ontario in Canada in 2003. Prior to joining China Mining, Mr. Chen worked for Standard Bank in the PRC as the senior vice president in the mining and metals division. For the period from 2003 to 2007, Mr. Chen worked for Kingsway Group, an investment banking firm based in Hong Kong, as a senior mining analyst, Golden China Management Inc., a venture capital firm, and as a business development manager for Golden China Resources Corporation, a Toronto Stock Exchange listed company with gold mining operations in the PRC. Mr. Chen has more than 10 years of additional experience working in the precious metals sector and was a council member for the China Gold Society and a research professor in the Shenyang Institute of Geology and Mineral Resources of the Ministry of Land and Resources, PRC.

Fortune Minerals is pleased to add additional strength and diversity to our board as we move steadily closer to our goal of becoming a successful metals and coal producer with operations in Canada, and a global perspective on the markets we will service.


About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Popeye82]

Fortune Minerals updates NICO Field Programs - Supports Federal Government initiative to streamline northern regulatory process - May 11, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

"LONDON, ON, May 11 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to provide a progress report for its recently completed winter drill program on its 100% owned NICO Gold-Cobalt-Bismuth-Copper project in the Northwest Territories ("NWT"). NICO, located 160km northwest of the City of Yellowknife and 50km north of the community of Whati, is in the second phase of an Environmental Assessment to permit a mine and concentrator in the NWT. Bulk concentrate produced from the mine will be transported by truck and rail to the Company's proposed Saskatchewan Metals Processing Plant where it will be further processed to produce gold doré, and cobalt, bismuth and copper cathode high value metal products.

Drilling equipment, fuel and other bulk supplies were mobilized to the NICO site over the winter ice road in February and March by Tlicho Logistics. Geotechnical and environmental drilling was conducted in March by Foraco Drilling Ltd. ("Foraco") to support engineering and construction planning for the mine and concentrator. Seven boreholes were drilled to collect geotechnical data along the centerline of the proposed dam alignments for the comingled tailings and mine rock management area and the effluent polishing pond. Packer testing of the bedrock was also conducted to assess the rock permeability for containment of process water. Thirteen monitoring wells were installed downstream from the dam alignments and the plant site to collect baseline water quality information and to monitor water quality during mine operations. The geotechnical and environmental work was supervised by Golder Associates Limited ("Golder"). Environmental scientists from Golder also collected additional surface and ground water samples, the latter from three deep monitoring wells established in the NICO ore zone to characterize and monitor water quality.

Condemnation drilling was conducted beneath the proposed tailings and mine rock management area to test for the presence of any potential near-surface mineralization that would be sterilized by construction of these facilities. Condemnation drilling was also conducted beneath the effluent polishing pond. The winter drill program was conducted under the supervision of Mr. Robert Van Egmond, B.Sc., P.Geo., who is a Qualified Person under NI 43-101.

Drilling will resume at NICO in mid-June with additional shallow geotechnical holes being drilled in the plant site area to assess bedrock quality for the design of building and equipment foundations. EBA Engineering Limited is conducting the geotechnical work for the construction of buildings and surface infrastructure.

Additional drilling will be conducted in the NICO deposit after completion of the geotechnical drill program in order to test for extensions to the known mineral reserves where the orebody remains open for possible expansion at depth and along strike. Notably, there is good potential to expand the gold-rich part of the deposit. The NICO deposit currently contains Proven and Probable Underground and Open Pit Mineral Reserves of 31 million tonnes, averaging 0.91 g/t gold, 0.12% cobalt, 0.16% bismuth and 0.04% copper, containing 907,000 ounces of gold, 82 million pounds of cobalt, 109 million pounds of bismuth and 27 million pounds of copper. For additional information on the NICO mineral reserves, please see Fortune Minerals' News Release, dated January 14, 2010 and the information posted for the Company on the SEDAR website at www.sedar.com. Eugene Puritch, P.Eng. and Fred H. Brown, CPG PrSciNat, both of P&E, are the Qualified Persons responsible for the NICO mineral reserves under NI 43-101.

Fortune Minerals is pleased to report that the Government of Canada announced last week an "Action Plan" to improve the northern regulatory process and help unlock the resource potential in Canada's North, which is recognized world-wide. The initiative announced by The Honourable Chuck Strahl, Minister of Indian Affairs and Northern Development and Minister of the Canadian Economic Development Agency, will reportedly ensure that Northern regulatory regimes are more effective, predictable and provide greater certainty to industry, Northerners and all Canadians by introducing legislative changes to improve regulatory processes and reduce overlap and duplication. The government has committed $11 million to streamline the regulatory regime and $8 million to support community-based environmental monitoring. Fortune Minerals supports this initiative to ensure shovel-ready projects like NICO, transition the permitting process in a timely manner.


About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Popeye82]

Fortune Minerals commences NICO summer drill program - Jun 16, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Popeye82]

Fortune Minerals engages Deloitte as Mount Klappan anthracite metallurgical coal project financial advisor - Jun 30, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Popeye82]

Fortune Minerals announces $2 million flow-through financing - Jul 2, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Popeye82]

Fortune Minerals Announces Successful Production of 99.99% Bismuth Ingot; Permitting Update for NICO Mine and Saskatchewan Metals Processing Plant - Jul 29, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

"LONDON, ON, July 29 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to announce that it has successfully demonstrated the production of 99.99% bismuth ingot (metal) from its 100% owned NICO Gold-Cobalt-Bismuth-Copper Project in the Northwest Territories and Saskatchewan. High purity bismuth ingot with 99.99% purity is the standard product that is typically quoted for sale and traded on global metal markets. The ability to produce bismuth cathode and ingot is a significant improvement to the NICO project since completion of the definitive feasibility study for the project by Micon International Limited in 2007, and the 2008 economic update (see Fortune News Release, dated May 8, 2008)(1).


Fortune previously demonstrated the production of a minimum 99% bismuth cathode powder product. High purity metal ingots can now be poured after smelting this powder in an induction furnace with flux to remove other metal impurities. The metallurgical test work for the NICO project, including two pilot plant tests, has been conducted at SGS Lakefield Research Limited under the supervision of Alex Mezei, P.Eng. in compliance with NI 41-101.

As a result of this and other project improvements, NICO will have average annual production of approximately 34,000 ounces of gold as doré, 3.4 million pounds (~1,550 tonnes) of cobalt as 99.8% cathode, 3.65 million pounds (1,650 tonnes) of bismuth as 99% cathode or 99.99% ingot, and 770,000 pounds (350 tonnes) of copper as 99.995% cathode over the projected 18-year mine life. Fortune has a letter of intent to sell its bismuth production to MCP Group, a Belgium-based company with plants in Europe, North America and China and the world's largest producer of bismuth based products. Fortune is in discussions with other companies interested in purchasing the Company's cobalt production.

NICO is a proposed vertically integrated project consisting of a mine, mill and concentrator in the southern part of the Northwest Territories, 160 km northwest of the City of Yellowknife, and a hydrometallurgical process plant that will be located near Saskatoon, Saskatchewan. The NICO deposit contains 31 million tonnes of mineral reserves containing 907,000 ounces of gold, 82 million pounds of cobalt, 109 million pounds of bismuth and 27 million pounds of copper (see Fortune News Release, dated January 14, 2010)(1). The deposit will be mined by a combination of open pit and underground mining methods. The mill will operate at a planned production rate of 4,650 tonnes of ore per day. Because of the very high concentration ratio of NICO ores, most of the valuable metal would be recovered in only 180 tonnes of bulk concentrate produced per day. This concentrate will be transported by truck and rail to the Company's proposed Saskatchewan Metals Processing Plant ("SMPP") near Saskatoon for refining to high value metal products. Fortune already owns the equipment from the Golden Giant Mine at Hemlo, Ontario, which will be relocated to the Northwest Territories and Saskatoon to reduce initial capital for the NICO project.


(1) For further information regarding details of the NICO Mineral Reserves and Definitive Feasibility Study, please refer to the Company's disclosures on the Sedar website at www.sedar.com


The NICO project is currently in the Environmental Assessment ("EA") process in the Northwest Territories to permit the mine, mill and concentrator. Fortune has completed the collection of baseline environmental information required to prepare its Developers Assessment Report that will outline baseline conditions, assess impacts, and develop mitigation strategies as listed in the Terms of Reference and EA work plan already issued by the Mackenzie Valley Environmental Impact Review Board. The Company has also completed two rounds of community consultation for the project in Yellowknife and the nearby Tlicho communities of Behchoko, Gameti, Wekweeti and Whati.

Fortune has also collected most of the baseline environmental information required to permit the SMPP and has already submitted its Environmental Project Proposal ("EPP") to the Environmental Assessment Branch of the Saskatchewan Ministry of Environment. This EPP describes Fortune's plans for the construction, operation and closure of the SMPP. Meetings have been held with local town and rural municipality representatives to keep them informed of the project. Open houses for the general public will be held this fall as part of the EA and rural re-zoning processes. Fortune will also be working closely with Enterprise Saskatchewan and the Saskatoon Regional Economic Development Authority to streamline the permitting process.

Fortune has engaged BNP Paribas to arrange a US$ 250 million debt facility to finance the NICO project.


About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Popeye82]

Fortune Minerals announces railway development strategy for Mount Klappan metallurgical coal project - Aug 23, 2010
http://sg.finance.yahoo.com/news/Fortune-Minerals-announces-…

"LONDON, ON, Aug. 23 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to announce that it has developed a new commercially competitive railway transportation option for haulage of anthracite metallurgical coal products from the Company's Mount Klappan project in northwest British Columbia to the port of Prince Rupert. This new development strategy is based on existing infrastructure and provides a much simpler transportation solution that would allow the Company to rapidly capitalize on the world class resource potential of Mount Klappan and participate in the growing global shortage of high quality metallurgical coals. The railway strategy would also provide access to the Ridley Coal Terminal in Prince Rupert that can load full "Capesize" bulk vessels, making this the preferred point of export for most of the Company's potential customers in the overseas steel industry.


The new railway development strategy is based on quotes that were recently received from the Canadian National Railway Company ("CN"), which operates on the former BC Rail Dease Lake Line to Minaret, 150 km south of Mount Klappan. The roadbed for this railway right-of-way north from Minaret to Mount Klappan and has already been largely constructed and provides an existing transportation corridor that can be upgraded for rail or truck haulage of coal from the mine to Minaret.

Fortune will be required to invest significant capital to upgrade the railway right-of-way as well as make improvements to the CN Rail Dease Lake Line to accommodate 127 car unit trains with 95 tonne car loads and efficient rail speeds. However, this railway development option eliminates a similar amount of capital that would otherwise have been required for truck haulage of coal to Stewart. These savings include elimination of the 100 km access road between the mine and Highway 37, elimination or reduction in the size of the off-site truck fleet, and it also avoids the substantial investment that would have been required to upgrade the bulk terminal facilities in Stewart. Use of the existing infrastructure under the railway option will also reduce the environmental footprint for the development, eliminates concerns for truck and port congestion in Stewart, reduces overall project risk, and provides for more rapid project execution and construction.

Fortune has already engaged Deloitte & Touche Corporate Finance Canada Inc. ("Deloitte") as the Company's financial advisor to pursue strategic alternatives for the advancement of Mount Klappan (see Fortune news release, dated June 30, 2010). Deloitte is assisting Fortune by identifying potential strategic partners for the project and evaluating potential transactions.

Mount Klappan has very large resources and reserves of anthracite metallurgical coal contained in 4 deposit areas, located 150 km northeast of the port of Stewart and 330 km northeast of the port of Prince Rupert. These deposits contain Measured Resources of 107.9 million tonnes, Indicated Resources of 123 million tonnes, plus 2.572 billion tonnes in the Inferred and Speculative classes (see Fortune news release, dated June 22, 2004)(1). Mount Klappan has already been assessed in a positive definitive feasibility study in 2008 by Marston & Marston Inc. ("Marston") (see Fortune news release, dated August 7, 2008)(1). This study assessed the economics of an initial open pit mine in the Lost-Fox deposit area, a wash plant, and mine- and off-site infrastructure to produce 3 million tonnes per year of premium, ultra-low volatile, pulverized coal injection ("PCI") product for the overseas steel industry and other premium metallurgical coal products. Both rail and truck haulage options to the ports of Prince Rupert and Stewart, respectively have previously been assessed. The Proven and Probable In-Situ Mineral Reserves identified in the initial pit in the Lost Fox deposit are 102 million tonnes, producing 61 million PCI product tonnes to support a minimum 20-year mine life. Richard Marston, P.E., is the Qualified Person responsible for the Mineral Resource and Mineral Reserve estimates and the definitive feasibility study in accordance with National Instrument 43-101.

Fortune is working with Marston to update the financial model for its 2008 definitive feasibility study for the Mount Klappan project, using the new transportation data received from CN and other consultants. Fortune expects to receive the results of this updated rail analysis in September. The Company is also engaging local communities to make this project a success for the benefit of all stakeholders.


(1) For additional information on the Mount Klappan Mineral Resources and Reserves, and feasibility studies, please see the information posted for the Company on the SEDAR website at www.sedar.com.


About Fortune:

Fortune is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune also owns the Mount Klappan anthracite coal deposits in British Columbia, and the, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Popeye82]

Fortune Minerals Reduces Excercise Price &Extends Expiry Date of Warrants Issued under PPs - Aug 26, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

"LONDON, ON, Aug. 26 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") announced today that it will reduce the exercise price and extend the expiry date of 6,420,999 outstanding common share purchase warrants (the "Warrants") originally issued under private placements completed by the Company in March, May and June, 2009. The expiry date of the Warrants will be extended from September 2, 2010 to September 30, 2010 and the exercise price of the Warrants will be reduced from $0.80 to $0.60, provided that the reduced exercise price will not become effective until September 14, 2010. All other material terms of the Warrants will remain unchanged. The Company will send a notice to Warrantholders advising them of the foregoing changes to the Warrants.

The Company has received the conditional approval of the Toronto Stock Exchange (the "TSX") for the proposed amendment to the Warrants. No Warrants are owned by insiders of the Company or their associates or affiliates.


About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, and the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Popeye82]

Fortune Minerals Announces High-Grade Iintersections from the 1st 10 Holes of Nico Summer Drill Program - Sep 8, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Popeye82]

Fortune Minerals Announces Completition of Golde Giant Mine Project for Relocation of Equipment to Nico; Dismantling and demolition of buildings successfully completed - Equipment and structures moved to staging points for reconditioning and mobilization - Oct 14, 2010
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

"LONDON, ON, Oct. 14 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to announce that it has completed the salvage of buildings and equipment from the Golden Giant Mine at Hemlo, Ontario. The Golden Giant Mine facilities were purchased, dismantled and removed from the Hemlo site at an approximate net cash cost of $18 million in order to reclaim valuable assets for their relocation and use at the Company's proposed NICO gold-cobalt-bismuth-copper mine and concentrator in the Northwest Territories and refinery in Saskatchewan. The Golden Giant Mine project demonstrates Fortune Minerals' ability to plan and execute a significant project on budget and on schedule.


Fortune Minerals acquired the Golden Giant Mine buildings, equipment and an inventory of spare parts from Newmont Canada Limited ("Newmont") and Mindecom Industrial Constructors Limited in 2006 and 2008 after the mine had closed. Dismantling and demolition of the mine site facilities was undertaken to reclaim valuable equipment for re-use at NICO and includes certain buildings, grinding mills, the crushing plant, flotation cells, compressors, boilers, generators, conveyors, pumps, motors, overhead cranes, transformers, assay laboratory, electrical switch gear and other equipment. These assets have now been moved to strategic locations in Manitoba and Ontario in preparation for refurbishment and mobilization to NICO and Saskatoon. The net cash cost of this project includes significant proceeds from the sale of surplus equipment, scrap metals, and gold recovered from the equipment .

Fortune Minerals is pleased to report completion of the Golden Giant Mine project five months ahead of the April 1st 2011 deadline and the Company has now fulfilled all of its responsibilities pursuant to the purchase agreement to the satisfaction of Newmont. Notably, the final phase of work was conducted at a significant reduction to the budget, and in accordance with all environmental requirements and safety protocols. "We thank our employees, many from the surrounding communities and First Nations, as well as local businesses that helped us to make this project a success", said Fortune Minerals' President Robin Goad. The Golden Giant Mine assets are anticipated to have a material impact on managing the capital costs for the NICO development. Fortune Minerals is well positioned to efficiently begin construction of the mine, concentrator and refinery upon receipt of the requisite permits.

The NICO deposit is located in the south part of the Northwest Territories, 160 km northwest of the City of Yellowknife and 50 km north of the community of Whati. The deposit will be mined using a combination of open pit and underground mining methods at a daily production rate of 4,650 tonnes of ore per day. Simple flotation produces approximately 180 tonnes of bulk concentrate per day for delivery by truck and rail to the Company's proposed hydrometallurgical process plant near Saskatoon, Saskatchewan. At this refinery, NICO concentrates will be processed to gold doré, 99.8% cobalt cathode, 99.99% copper cathode and 99.9% bismuth ingot or 99.5% cathode. Both sites are currently in the environmental assessment process for permitting. NICO has already been assessed in a positive definitive feasibility study by Micon International Limited that was updated in 2008 and shows an attractive rate of return for the development (see Fortune news release, dated May 8, 2008).


About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of its NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories and its metals processing plant in Saskatchewan. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals also owns the Mount Klappan anthracite coal deposits in British Columbia, the Sue-Dianne copper-silver deposit and other exploration projects in the Northwest Territories. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects "

[Popeye82]

Business Day : December 17, 2010 : Small Cap Outlook; BNN speaks to Robin Goad, President &CEO, Fortune Minerals - Dec 17, 2010
http://watch.bnn.ca/#clip390971

[saecofan]

noch wer dabei?????

[saecofan]

!

Dieser Beitrag wurde moderiert. Grund: auf eigenen Wunsch des Users

[saecofan]

Antwort auf Beitrag Nr.: 40.831.042 von saecofan am 10.01.11 10:54:17

danke MOD

[marionella25]

Antwort auf Beitrag Nr.: 40.831.220 von saecofan am 10.01.11 11:18:16

Bin am überlegen ob ich dabei sein möchte!!

[saecofan]

Zitat von marionella25: Bin am überlegen ob ich dabei sein möchte!!

entscheide selbst.Bin hier hauptsächlich wegen der Kohlevorkommen. Und nächstes Jahr soll ja das NICO-Projekt losgehen.Langfristig bestimmt interessant.

[marionella25]

Antwort auf Beitrag Nr.: 40.832.133 von saecofan am 10.01.11 13:31:01

So lieber saecofan habe mich entschieden und bin dann mal rein in den Laden!
Habe den Wert auch auf der Suche nach einem Kohleexplorer gefunden und schon einige Zeit auf der Watch. Kenne mich allerdings nicht so gut mit der Kohlematerie aus, hier geht es offenbar um hochwertige Anthrazitkohle.
Also chartechnisch habe ich auf diesen Moment gewartet, allerdings darf es nicht mehr viel weiter runter gehen. Mit wenig Volumen runter gezogen.
Aber neben dem Kohleprojekt gibt es ja wie du schon geschrieben hast auch noch das offensichtlich bald in Produktion gehende Nico - Projekt.
Alles in Allem sehr interessant! Mal schauen was da die nächsten Tage so abgeht!

[saecofan]

Antwort auf Beitrag Nr.: 40.833.959 von marionella25 am 10.01.11 17:26:12

natürlich spielt die Music in Canada.Da wirste die auch immer wieder los. Das hier ist kein Zockerwert. Wird auch nochmal billiger, dann lege ich mir noch ein paar ins Depot. Wenn sie ihr 1. Projekt am laufen haben, kümmern sie sich bestimmt richtig um das Kohleprojekt. Aber kann noch dauern. Vielleicht meldet sich ja Popeye82 mal wie er die Entwicklungsmöglichkeiten von Fortune einschätzt.

SF

[sliceanddice]

http://www.rightsidenews.com/2011011412565/life-and-science/…

Interview von The Energy Report (TER) mit Mark Lackey (ML) - Auszug -

TER: What are some junior coal players with anthracite or metallurgical coal plays that could see some value creation in the next few months?

ML: Fortune Minerals Limited (TSX:FT) has quite a significant play in northwestern British Columbia that is largely metallurgical coal. It has 231 million tons (Mt.) indicated and measured—one of the largest undeveloped deposits in the world. One of the places that doesn't have problems with port facilities is Canada, especially in Prince Rupert, which is what Fortune would use given its physical location. That's a really big advantage. It has deepwater shipping ports there all year round and there's some railway expansion. The infrastructure issue there is not a problem. It's high-quality coal and the size of the reserve is significant as opposed to a number of smaller coal companies that have very limited reserves and production. From an investor viewpoint, you're not going to look at companies with limited upside.

[marionella25]

Antwort auf Beitrag Nr.: 40.892.453 von sliceanddice am 19.01.11 22:28:05

Ist zwar nicht viel Neues, hört sich aber trotzdem gut an!
Na dann mal ran an die Kohle.

[sliceanddice]

Antwort auf Beitrag Nr.: 40.892.481 von marionella25 am 19.01.11 22:32:53

Bin vorgestern mit einer kleinen Position eingestiegen. Soviel, wie mein Konto gerade hergab. Wenn mal wieder irgendwo was frei wird, will ich aufstocken. Cool finde ich die Sache mit dem Hafen. Das soll wohl der limitierende Faktor der Zukunft sein.

Slice

[sliceanddice]

http://www.northernminer.com/issuesV2/VerifyLogin.aspx

Vancouver - Fortune Minerals (ft-t) goes into 2011 with big ambitions for its two feasibility-stage projects after a year of steady progress.In British Columbia, the company's Mount Klappan anthracite coal project now has a clearer path forward...

Um mehr zu sehen, müsste man subscriben.

[sliceanddice]

http://www.fortuneminerals.com/Theme/Fortune/files/fortuneAr…

... Mini-News. Aber es geht voran.

[sliceanddice]

http://www.fortuneminerals.com/News/Press-Releases/Press-Rel…

FORTUNE MINERALS COMPLETES PUBLIC INFORMATION MEETINGS IN SASKATCHEWAN FOR METALS PROCESSING PLANT


LONDON, ON, Feb. 17 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to announce that it has completed two public information sessions for the environmental assessment and permitting for the Company's proposed Saskatchewan Metals Processing Plant ("SMPP") near Saskatoon, Saskatchewan ("SK"). The SMPP is a proposed hydrometallurgical process plant that will treat concentrates produced at Fortune's 100% owned NICO project in the Northwest Territories ("NWT") and produce high value metal products, including gold doré, cobalt and copper cathodes, and bismuth cathodes or ingots. Fortune Minerals is very pleased with the considerable interest shown in the project from the local communities and municipal and provincial governments and with the generally positive response to the Company's plans for its SMPP.

The information sessions were held in the communities of Dalmeny and Langham on February 7th and 8th, respectively, and followed the issuance of draft Project Specific Guidelines ("PSG's") by the Environmental Assessment Branch of Saskatchewan'sMinistry of Environment ("SE") on January 21st, 2011. These draft PSG's are open for public comment and can be viewed at: http://www.environment.gov.sk.ca/Default.aspx?DN=da9c2bea-d8… until February 23rd, 2011. Once finalized, the PSG's will outline the requirements of the provincial environmental assessment process and identify key issues that will need to be addressed in the Environmental Impact Statement ("EIS"). Fortune plans to submit the EIS to SE next month. The purpose of these information sessions is to update the general public on the Company's plans for the SMPP and to address any concerns or questions prior to the submission of the EIS.

Approximately 75 people attended the meeting in Dalmeny, and there was an even larger turn-out of approximately 115 people in Langham. Both sessions were also attended by representatives of the Regional Municipality of Corman Park, the mayors and members of town council of both communities, local businesses and media, as well as members of the Saskatoon Regional Economic Development Authority and Enterprise Saskatchewan. Four senior staff of Fortune Minerals and representatives of MDH Engineered Solutions Inc., the Company's environmental consultant for this project, were present to provide information on the project and answer questions. The corporate presentations covered subjects including the design and operation parameters of the plant, plans for residue storage, baseline environmental programs, and potential impacts and mitigation plans to minimize or eliminate impacts at the site and surrounding region. Fortune Minerals staff were able to address questions concerning the proposed water source, process residue storage, air quality issues, noise, employment opportunities and overall financial benefits to the local economy.

Fortune Minerals' SMPP is proposed to be constructed on lands in the Regional Municipality of Corman Park, approximately 26 km northwest of Saskatoon and straddling the main northern line of the Canadian National Railway. The plant will receive approximately 180 tonnes of bulk concentrate per day from the NICO project in the NWT. These concentrates will be re-ground and separated by flotation into cobalt-copper and bismuth concentrates that both contain gold. Cobalt and copper are recovered by pressure acid leach, followed by neutralization and electro-winning to precipitate the metals as high quality cathodes. The bismuth is recovered by atmospheric acid leach followed by electro-winning and smelting to produce cathodes and/or ingots. Residues produced from both streams will be leached with cyanide to recover the gold. Capital costs for the SMPP are estimated to be in excess of $200 million. There will be 85 permanent employees working at the plant, in the fields of metallurgical and chemical engineering, process technologies, tradespersons, and support staff. An even larger work force will be employed for construction and indirect jobs should be 2-3 times the number of direct jobs in order to support the operation. Fortune Minerals is pleased to report that an engineered fly-by of the SMPP and a copy of the presentation given in the communities are now available for viewing on the Home Page of the Company's internet website at www.fortuneminerals.com.

Fortune Minerals plans to maintain open communication with residents and elected officials from the communities and surrounding region throughout the environmental assessment process and also during operations. Once submitted, the EIS will be reviewed by the Saskatchewan Environmental Assessment Review Panel which may develop a deficiency statement if required. Fortune Minerals would then address any deficiencies which would allow SE to issue its Technical Review Comments ("TRC's"). The EIS and TRC's would then be open for public review, following which, SE would submit their recommendations on the project along with any comments from the public, the EIS and the TRC's to the Minister for a decision on the project

[saecofan]

Antwort auf Beitrag Nr.: 41.060.828 von sliceanddice am 17.02.11 18:56:33

ich liebe einfach die Ruhe hier.Vielleicht wird später das Kohlegeschäft ausgegliedert.Einfach gigantisch. Liegenlassen unsere Fortune

[sliceanddice]

Antwort auf Beitrag Nr.: 41.076.106 von saecofan am 21.02.11 11:25:04

Na ja, ein bisschen mehr inhaltlicher und sachlicher Austausch wäre schon nicht schlecht. Aber es gibt ja auch kaum Neuigkeiten, die es zu diskutieren lohnt...

[sliceanddice]

Doch noch was schönes gefunden, was die Situation sehr schön mit wenigen Worten beschreibt:
http://www.marketoracle.co.uk/Article26410.html

Michael Fowler is a senior mining analyst with Loewen, Ondaatje, McCutcheon in Toronto and he was more than willing to speculate on potential takeovers in this exclusive interview with The Gold Report. "All of these gold producers are going to be active in the mergers and acquisitions (M&A) market. They are going to acquire because there's a huge amount of cash on their balance sheets," he says. Michael also talks about some undervalued names in his coverage universe, including one junior he thinks could climb 210% before year-end.

The Gold report: ...You have Speculative Buy ratings on ... Fortune Minerals Limited (TSX:FT). Why do you like those stories?
...
Michael Fowler: I'd just like to mention Fortune Minerals, which is a different type of story. Fortune has two deposits. One is a gold-cobalt-bismuth deposit in the Northwest Territories, which has about 1 Moz. gold. The other is a coal project in BC. The coal project is interesting because coal is very hot right now. The price of metallurgical coal is about $250/ton. Fortune's coal contracts are being written as we speak, so that coal deposit is very valuable. Fortune's NICO Deposit in the Northwest Territories is totally undervalued in terms of our DCF model. I would say there's about $5 of value in those two projects, and that's not even using today's prices of coal, cobalt or gold. We are really excited about that company.

[sliceanddice]

Fortune Minerals Limited (TSX-FT) is pleased to be an Exhibitor at the 2011 PDAC International Convention, Trade Show & Investors Exchange in Toronto, and invite convention attendees to visit us at Booth #2837 on March 6 - 9.


Vielleicht hilfts dem Kurs ja. Gute PR-Arbeit ist immer wichtig.

[saecofan]

Antwort auf Beitrag Nr.: 41.152.765 von sliceanddice am 05.03.11 15:33:38

wer wird das wohl in Can sein?

http://translate.google.de/translate?hl=de&sl=en&u=http://ww…

[saecofan]

Antwort auf Beitrag Nr.: 41.159.757 von saecofan am 07.03.11 17:41:25

hier kommt Ihr direkt auf den Artikel

http://af.reuters.com/article/metalsNews/idAFTOE72606A201103…" target="_blank" rel="nofollow ugc noopener">http://af.reuters.com/article/metalsNews/idAFTOE72606A201103…

[sliceanddice]

http://nnsl.com/northern-news-services/stories/papers/mar21_…

Es gibt Probleme mit der Zufahrtsstraße zum Nico-Projekt.

...
The court is expected to take several months before making a decision in the case.
...

Die Unsicherheit aus so einem schwebenden Verfahren ist immer Käse...

[sliceanddice]

Es tut sich ein bisschen was bei Fortune. Insbesondere die Verpflichtung eines Investor Relations Managers, der die Company etwas mehr ins Medieninteresse bringt, war dringend notwendig.

LONDON, ON, May 12 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or "the Company") is pleased to announce the addition of three new members to its project development and administration teams in London, Ontario. William Shepard has joined the company as Logistics and Procurement Manager, Troy Nazarewicz as Investor Relations Manager, and Fiona Brekelmans as Accounting Manager. "We are very pleased to be adding exceptional people to strengthen our management and add depth to the Company", said Robin Goad, President and CEO of Fortune Minerals. "We will continue to add talent as the Company grows and advances toward our goal of becoming a successful gold, specialty metals, and metallurgical coal producer".

William Shepard, who had been working as a contractor with Fortune Minerals assisting with the dismantling of our Golden Giant mine buildings and equipment at Hemlo, Ontario, has now joined the Company full-time as our Manager of Logistics and Procurement. Bill has a Diploma in Industrial Management and specializes in global supply chain management developed over 20 years of previous experience in the automotive and aerospace industries with TRW Automotive Holdings Inc., Magna International Inc., Keiper Limited and Diamond Aircraft Industries Inc. His expertise in purchasing, logistics, materials management, and supplier development has already had an impact on the successful completion of the Hemlo project with his new role supporting planning for the development of the proposed NICO gold-cobalt-bismuth-copper mine and concentrator in the Northwest Territories and hydrometallurgical refinery in Saskatchewan.

Troy Nazarewicz, CIM, FCSI, has also joined Fortune Minerals as Manager of the Company's investor relations and corporate communications programs. Troy has more than 17 years of experience in the financial services industry as an investment advisor and portfolio manager with MacDougall, MacDougall & MacTier Inc., a full service Canadian investment firm. He also worked as Business Development Manager with a design and marketing firm. In these previous positions, Troy gained valuable experience communicating with both retail and institutional investors that will assist Fortune Minerals in proactively engaging with the investment community and improving market awareness of our Company and its projects.

Fiona Brekelmans, B.Acc. (Hon), C.A. joined Fortune Minerals in late 2010 as Accounting Manager to assist the CFO and Controller and add capacity with the Company's external and internal financial reporting and regulatory compliance. She is also helping with the transition of its financial reporting to International Financial Reporting Standards ("IFRS") for public issuers. Prior to joining Fortune Minerals, Fiona worked in public accounting with Ernst & Young LLP where she gained valuable experience with a variety of public and private companies in the mining, construction and manufacturing sectors in accounting, audit, and business processes.

[sliceanddice]

Hier der mögliche Grund für die gute Performance heute in Kanada:

Fortune Minerals Limited has added a new press release to its web site. For full details please visit the Fortune web site at:

FORTUNE MINERALS ANNOUNCES MAJOR PERMITTING MILESTONE FOR THE NICO PROJECT IN THE NORTHWEST TERRITORIES


Developers Assessment Report filed with Mackenzie Valley Review Board

LONDON, ON, May 24, 2011 /CNW/ - Fortune Minerals Limited (TSX: FT) ("Fortune Minerals" or the "Company") is pleased to announce that it has submitted its Developers Assessment Report ("DAR") for the Environmental Assessment ("EA") for its NICO gold-cobalt-bismuth-copper project in the Northwest Territories ("NT"). The DAR was filed last week with the Mackenzie Valley Review Board ("MVRB") and represents a significant milestone in the permitting process for the Company's proposed mine, mill and related facilities. The DAR culminates many years of comprehensive environmental, socio-economic and engineering work that has determined that the NICO project is economically viable and that impacts to the local biophysical environment will be minimal.

"We are very proud of the development, operation and closure plan prepared for the DAR by our in-house team of professionals together with experts retained from outside engineering and environmental consultants", said Fortune Minerals President, Robin Goad. "NICO is a unique project that will provide long-term benefits to the Tlicho people and other nearby residents, and contribute significantly to the economy of the NT".

The NICO project is located 160 km northwest of the City of Yellowknife and 50 km north of the Tlicho community of Whati. The 31 million tonne deposit will be developed using a combination of open pit and underground mining methods with ores processed at the rate of 4,650 tonnes per day in a concentrator at the site over an 18-year mine life. Other facilities that are planned at the site include a camp to accommodate employees working on a rotation basis, ancillary buildings and a 27 km all-season access road that will join the site to the proposed Tlicho Road connecting nearby communities with the highway to Yellowknife. The mill will produce approximately 180 tonnes of bulk concentrate per day for shipment south to the Company's proposed hydrometallurgical refinery near Saskatoon and further processing to high value metal products. An EA is also underway in Saskatchewan to permit the refinery. Fortune Minerals plans to be a significant, reliable North American-based supplier of 99.8% cobalt cathode, 99.5% bismuth cathode and 99.99% bismuth ingot, gold doré, and by-product production of copper cathode and nickel precipitate.

Fortune Minerals has been collecting baseline environmental data on water quality, fish and wildlife populations, hydrology, hydrogeology, geochemistry, vegetation, soils and terrain, heritage resources, air quality, noise, socio-economics and traditional knowledge in the region of the NICO project since 1998. The Company has also had a long history of engagement with the Tlicho and other First Nations as well as government agencies. Collectively this information, together with engineering data, was used to prepare Land Use Permit and Water License applications that were submitted to the MVRB in November 2008. The project was referred to EA on March 2, 2009.

The DAR represents more than two years of effort by Fortune Minerals and it's consultants in delivering a comprehensive 3000 page document that will meet the needs of all stakeholders in the EA process. Scoping sessions were held in nearby communities to receive comments and concerns brought forward by the Tlicho people, other NT residents, and government regulators. Three primary areas of focus were identified for the DAR with respect to potential impacts to water quality, caribou and closure.

Since filing its applications, Fortune Minerals has worked diligently to refine the project design in order to minimize or eliminate environmental impacts during construction, operation and closure of the mine. Wherever possible, concerns of the Tlicho people documented in community engagement sessions were incorporated into the project design. Key improvements to the project since the 2008 design presented in the applications include:

Elimination of the mine rock management area in favour of a co-disposal facility ("CDF") where mine rock and tailings will be stored together. This significantly reduces the footprint of the project and its visual impacts, and also allows for more efficient management of water to mitigate water quality impacts;

The water management system has been optimized in terms of internal recycling within the plant, thickening of the tailings, and incorporating a high level of reclaim water from the CDF back to the concentrator. This new design has resulted in water withdrawal that is only about one tenth the volume initially predicted in the Class A Water License Application, and in significantly reduced effluent discharge volumes;

The process plant at the mine site will now produce a concentrate for shipment to the proposed hydrometallurgical refinery near Saskatoon. The metal refining part of the project was relocated from the mine site to Saskatoon to reduce capital and operating costs for the project, mitigate exposure to increasing energy costs, accelerate the construction schedule, and reduce environmental impacts. This relocation will result in a considerable reduction in the quantity of process chemicals that would otherwise have been shipped to and used at the mine site and was supported by the Tlicho Government.
Fortune Minerals is confident that changes to the biophysical environment from the NICO development will not result in significant adverse residual impacts to valued components of aquatic and terrestrial ecosystems, such as water quality, fish and fish habitat, traditional use plants, caribou, and other wildlife. Consequently, the NICO project is not predicted to have significant adverse impacts on the traditional and non-traditional use of these ecological components.

The DAR has concluded that NICO will have significant positive impacts on the economics of the NT and surrounding Tlicho communities, including direct and indirect employment, contracting opportunities for local businesses, and tax revenue. NICO will provide local and regional direct employment during construction of 231 jobs, up to 233 full-time jobs during early years of operations when the underground and open pit parts of the mine are both in operation, and 127 jobs during open pit operations. In-direct jobs are expected double these amounts. During its 18-year operating mine life, the NICO project will contribute approximately $128 million per year to the Gross Domestic Product ("GDP") of the NT and will contribute $24 million per year in revenues to the federal and territorial governments. Total GDP for the entire operational phase of the project will amount to approximately $2.3 billion. Fortune Minerals also expects to enter into a Participation Agreement with the Tlicho Government.

Rick Schryer, Director of Regulatory and Environmental Affairs for Fortune, stated that "Fortune is confident it has met the requirements of the Terms of Reference ("TOR") and we look forward to working with the Tlicho people, other stakeholders, regulatory agencies and the MVRB during the DAR review process to move this project to the final phase of mine permitting." Once the MVRB has completed its conformity check and confirms the DAR meets the requirements of the TOR, Fortune will proceed through the DAR review process according to the definitive steps and timelines established in the DAR work plan issued by MVRB. According to the work plan, the remainder of the environmental assessment process includes review of the DAR by interested parties, information requests to Fortune Minerals, technical sessions, a pre-hearing conference and a public hearing. The information gathered during this process will be used by MVRB to prepare its report on the project and make a recommendation to the Minister of Indian and Northern Affairs. Fortune would then go back to the Wek'eezhii Land and Water Board to obtain the necessary Water License and Land Use permits to construct and operate the mine.

The DAR and its supporting documentation are available on the MVRB public registry web site (http://www.reviewboard.ca/registry/project.php?project_id=72…

[sliceanddice]

Es gibt mal wieder etwas über Fortune zu lesen:

http://www.lfpress.com/news/london/2011/06/20/18309541.html

Der Artikel kündigt eine große Finanzierung bzw. einen Partner an, der sich in das Anthrazit-Kohleprojekt einkauft.

Wäre ja schön, wenn sich da mal was tun würde...

Slice

[sliceanddice]

Nix Weltbewegendes, aber besser als nix:

http://www.saskatoonhomepage.ca/index.php?option=com_content…

Fortune Minerals Looking to Saskatchewan
Wednesday, 06 July 2011

Another mining company is looking to bring jobs to Saskatchewan.
The environmental impact statement has been filed, and now it's in the hands of Saskatchewan's Ministry of Environment. That's according to Robin Goad, President of Fortune Minerals.

They want to build an ore processing plant just east of Langham, to process ore from a mining site in the Northwest Territories. Goad says they are targetting the tail end of 2013 to begin operations, at the earliest.

[sliceanddice]

Und dann war da noch gestern diese Meldung, die direkt zwar nichts mit Fortune zu tun hat:

http://www.spiegel.de/wirtschaft/unternehmen/0,1518,772401,0…

Indirekt aber schon. Kokskohle haben wir schließlich auch. Hier müssen aber erst einmal 7 Mrd. $ in die Entwicklung gesteckt werden. Und dann hat man Kokskohle mitten im Nirgendwo der Mongolei. Da liegen die Vorkommen von Fortune verkehrstechnisch doch deutlich günstiger...

[rolleg]

FORTUNE MINERALS PARTNERS WITH POSCO CANADA TO ADVANCE THE MOUNT KLAPPAN COAL PROJECT TO PRODUCTION

Jul. 13, 2011 (Canada NewsWire Group) --

Issued Capital: 107,549,427

LONDON, ON, July 13, 2011 /CNW/ - Fortune Minerals Limited (TSX: FT) ("Fortune" or the "Company") is pleased to announce that its wholly-owned subsidiary, Fortune Coal Limited. ("Fortune Coal") has entered into a definitive agreement to form a joint venture (the "JV") with POSCO Canada Ltd. ("POSCAN") and its wholly-owned subsidiary, POSCO Klappan Coal Ltd., to advance the Mount Klappan Anthracite Metallurgical Coal Project in northwest British Columbia ("Mount Klappan" or the "Project") to production. POSCAN's parent company, POSCO is based in South Korea and is one of the world's largest steel producers. Pursuant to the agreement, POSCAN will acquire a 20% interest in Mount Klappan, and based on current capital cost estimates, is anticipated to make total payments and cash contributions of $181 million, including $30 million in upfront funding upon closing.

JV Highlights:

Formation of a JV to be owned 80% by Fortune and 20% by POSCAN to accelerate development of Mount Klappan by combining Fortune's local development and operations expertise and POSCAN's market knowledge and financial backing;
At closing POSCAN will provide $30 million in upfront funding to Fortune Coal, $20 million of which Fortune Coal will contribute directly to the JV;
POSCAN will provide funding for 20% of the total development and capital cost of the Project, which under current estimates will equal a total contribution of $154 million to the JV;
POSCAN will provide $17.2 million in additional payments to Fortune Coal based on future milestones;
POSCAN will fund 20% of operating costs and receive 20% of the product produced from the Project;-and-
Fortune will serve as Manager of the JV and will be compensated, on a recovery basis, for providing operational, technical and administrative support over the life of the mine.

Mount Klappan Highlights:

One of world's largest undeveloped deposits1 of metallurgical coal with Measured Resources of 107.9 million tonnes, Indicated Resources of 123.0 million tonnes, Inferred Resources of 359.5 million tonnes and Speculative Resources2 of 2.2 billion tonnes;
Robust economics from a Definitive Feasibility Study3 ("DFS") on the Lost Fox deposit with Run-of-Mine Coal Reserves of 106.3 million, representing only 3.6% of the total resources (See Fortune News Release, dated November 4, 2010);
$1.03 billion pre-tax NPV (8%) and 25.4% IRR from Lost Fox DFS at a base case price of US$175 / tonne of 10% ash Ultra-Low Volatile Pulverized Coal Injection ("PCI") product;
3 million tonnes per annum planned initial production rate;
Expansion potential via the mining of additional resources in the Lost Fox deposit and the adjacent Hobbit Broach, Nass and Summit deposits;
Canadian National Railway ("CN") collaboration to extend railway infrastructure to the mine site, providing a scalable transportation solution to the port of Prince Rupert;
Reduced shipping times to Asia by exporting the coal products through the port of Prince Rupert, positioning Mount Klappan as a key supplier to the overseas steel industry;
Ability to use Ridley Terminals to load efficient Capesize vessels for ocean transport, and potentially share cargos and blend with other western Canadian coal producers;
-and -
Advanced stage project with $86 million of work already competed.

... http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Quote for Fortune Minerals Limited (FT:CA)
$ 1,67 RT 0,21 (+14.38%) Volume: 1,49 m 13:54 EDT 13.07.2011

[saecofan]

Antwort auf Beitrag Nr.: 41.784.370 von rolleg am 13.07.11 19:56:50

http://watch.bnn.ca/commodities/july-2011-/commodities-july-…

vielleicht kann mal jemand reinhören und berichten bin nicht solch ein Englisch-Profi

[sliceanddice]

Antwort auf Beitrag Nr.: 41.795.596 von saecofan am 15.07.11 16:13:52

Im Prinzip erzählt er dem Reporter die bereits bekannten Dinge. Er erläutert den Deal mit Posco, erzählt von einem NPV von 3 Milliarden $, von den Erschließungskosten von etwas über 760 Millionen $ und dass die BFS noch von einem Kohlepreis von 150 $ ausgeht, der Marktpreis aber inzwischen bei 250 bis 275 $ pro Tonne für Kohle in vergleichbar exzellenter Qualität liegt. Dann noch ein bißchen was von der Historie des Projektes und noch mit einem Halbsatz das Hauptprojekt von Fortune erwähnt. Nichts neues, aber die Botschaft hat er souverän rüber gebracht.

Slice

[saecofan]

Antwort auf Beitrag Nr.: 41.798.006 von sliceanddice am 15.07.11 23:59:58

morgen Slice, danke für Deine Antwort. Ich glaube Du oder ein anderer hatte die Woche die Meldung mit Posco bei Tim Luca eingestellt aber keiner ist darauf eingegangen. Mensch mit den Vorkommen und der Qualität mag ich mir gar nicht vorstellen wo wir mal 3-4 Jahren mal stehen( siehe Western Coal von 0,50 bis auf 8€) Hier kann man eigentlich gar nichts falsch machen ist wie ein Sparplan wenn immer noch unter 2€ zukaufen kann.Und NICO kommt auch noch zu.

Gruß SF

[Popeye82]

Fortune Minerals Announces that the Mount Klappan Joint Venture with POSCO Canada Has Closed - Aug 9, 2011
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

"LONDON, ON, Aug. 9, 2011 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to report that the recently announced joint venture agreement between its wholly-owned subsidiary, Fortune Coal Limited ("Fortune Coal"), and POSCO Canada Ltd. ("POSCAN") and its wholly-owned subsidiary, POSCO Klappan Coal Ltd., to advance the Mount Klappan anthracite metallurgical coal project in northwest British Columbia to production, has now closed (see Fortune Minerals news release, dated July 13, 2011). POSCAN's parent company, POSCO is based in South Korea and is one of the world's premier steel producers.

Pursuant to the joint venture agreement, POSCAN acquired a 20% interest in the Mount Klappan project by making its upfront cash payments to Fortune Coal, totaling $30 million. Based on current capital cost estimates, POSCAN is anticipated to make total payments and cash contributions of $181 million to develop the Mount Klappan mine and related railway infrastructure. POSCAN will also fund 20% of the operating costs and receive 20% of the metallurgical coal products produced from the mine and wash plant. The Mount Klappan joint venture is owned 80% by Fortune and 20% by POSCAN and combines Fortune's local development and operations expertise with POSCAN's market knowledge and financial backing. Fortune will serve as Manager of the project and will be compensated, on a recovery basis, for providing operational, technical and administrative support over the life of the mine.


About POSCO:

POSCO, headquartered in Seoul, South Korea, is the world's 3rd largest steel producer by market value with a current market capitalization of US$33.0 billion1. POSCO had crude steel production of 33.7 million tonnes in 2010 and sales for the 12 months ended March 31, 2011, totaled US$62.2 billion. POSCO's Gwangyang Works is the largest steel mill in the world, with capacity of 19.5 million tonnes. POSCO has investments and operations across the globe, including in Korea, China, Japan, India, Indonesia, United States, Australia, Canada, Brazil, Vietnam and Thailand. It continues to expand its global operations towards a goal of achieving a total crude steel production capacity of 50 million tonnes. POSCO was founded in 1968 and is listed on the Korea Exchange (KRX) and is also inter-listed on the New York, London and Tokyo Stock Exchanges.


About Fortune Minerals:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of the Mount Klappan anthracite metallurgical coal deposits in British Columbia and the NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories ("NT"). As part of the development of the NICO deposit, Fortune is developing a metals processing plant in Saskatchewan and has acquired the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled, moved, and stored for relocation to NICO. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.

1Market capitalization based on the closing price of POSCO's stock on August 4, 2011 on the Korea Exchange and current currency exchange rates. "

[sliceanddice]

News von Fortune von heute. Hört sich doch gut an...

http://www.fortuneminerals.com/News/Press-Releases/Press-Rel…

Developers Assessment Report passes conformity check with no deficiencies

LONDON, ON, Aug. 23, 2011 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to provide an update of the Environmental Assessment ("EA") process currently underway in the Northwest Territories ("NT") to permit the mine and mill for the Company's NICO gold-cobalt-bismuth-copper deposit, 160 km northwest of the City of Yellowknife, and 50 km northeast of Whati. The Mackenzie Valley Review Board ("MVRB") is conducting this EA after NICO was referred by Aboriginal Affairs and Northern Development Canada in February 2009. The Terms of Reference ("TOR") for the EA were received later that year and the Company submitted its Developers Assessment Report ("DAR") in May, 2011 to address the issues that had been identified. Fortune is pleased to report that the MVRB has completed its conformity check - no deficiencies were identified and the EA has advanced to the next phase.

Dr. Rick Schryer, Fortune's Director of Regulatory and Environmental Affairs, stated that, "our DAR is a very comprehensive report that culminates more than two years of work to document the technical, environmental and socio-economic aspects of the NICO development. We were very confident in the quality of work that was done to prepare detailed information and analysis on a wide variety of subject areas and respond to 40 pages of issues that had been identified in the TOR. Fortune was able to successfully address all of the issues and the NICO EA has progressed to the analytical phase."

Fortune is also pleased to announce that former Chief Charlie Jim Nitsiza has joined the Company as the NICO Project Community Relations Co-ordinator. Mr. Nitsiza, a long-time resident of Whati, was Chief of this closest community to the NICO development for twelve years starting in 1998 until 2009. He was also a member of the Regional Economic Board from 1980 to 2007 that established Nishi' Khon Forest Service, one of the earliest Tlicho-owned businesses that became the Tlicho Investment Corporation group of companies. Charlie Jim Nitsiza will continue to be based in Whati and his primary role will be to consult and communicate with the Tlicho people in all four communities about the impacts and benefits of the NICO Project to local residents.

Robin Goad, President and CEO of Fortune, commented that, "we are very excited to add Charlie Jim to our NICO team. His wealth of experience with his land and his people will be an asset to Fortune as we move ahead with the permitting and development of the NICO project."

The 31 million tonne NICO deposit will be developed using a combination of open pit and underground mining methods with ores processed at the rate of 4,650 tonnes per day in a concentrator at the site over an 18-year mine life. Other facilities that are planned at the site include a camp to accommodate employees working on a rotation basis, ancillary buildings and a 27 km all-season access road that will join the site to the proposed Tlicho Road connecting nearby communities with the highway to Yellowknife. The mill will produce approximately 180 tonnes of bulk concentrate per day for shipment south to the Company's proposed hydrometallurgical refinery near Saskatoon and further processing to high value metal products. An EA is also underway in Saskatchewan to permit the refinery. Fortune Minerals plans to be a significant, reliable North American-based supplier of 99.8% cobalt cathode, 99.5% bismuth cathode and 99.99% bismuth ingot, gold doré, and by-product production of copper cathode and nickel precipitate.

[Popeye82]

Fortune Minerals Announces Additions to Management Team; Additional Support for Project Development &Engineering - Aug 29, 2011
http://finance.yahoo.com/news/Fortune-Minerals-Announces-cnw…

"LONDON, ON, Aug. 29, 2011 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or "the Company") is pleased to announce the addition of two new members to its project development and engineering teams at its head office in London, Ontario. Michael De Carlo has joined the company as Project Manager and Keith Lee as Senior Process Engineer. "We are proud that our advanced stage projects have helped us attract exceptional people in a highly competitive market for mining talent. The expansion to our team is further progress towards our goal of becoming a reliable North American producer of metallurgical coal, gold and specialty metals", said Tom Rinaldi, Vice-President Operations of Fortune.


Michael De Carlo, B.Sc., B.B.A., has recently joined the Company as Project Manager. Michael has more than 40 years of project management and engineering experience, including 22 years in Senior Manager positions. In these prior roles he contributed to operating efficiencies at existing mines, rehabilitated former producing mines and gained valuable experience bringing grass roots projects into commercial production. His extensive involvement with all aspects of mine start ups in remote locations has successfully demonstrated his creativity in dealing with logistical concerns, local and national politics, health and safety issues, and workforce training. Michael's previous experience includes work on projects for North American Construction, Agrium, Synenco Energy and Agnico-Eagle Mines.

Keith Lee, B.Sc., has also joined Fortune as Senior Process Engineer. Keith has 25 years experience in the mineral processing industry including the design, construction and operation of mineral treatment facilities for gold and base metal projects. Primarily operating in Alaska, he has a proven record of success working in the north and with challenging logistical and scheduling issues associated with remote projects. Keith's initial focus will be to manage the ongoing detailed engineering in preparation for construction of the Company's NICO project, review of the capital estimates, and review of the process engineering for both the concentrator at the mine and the metals processing facility to be constructed in Saskatchewan. Keith's Alaska experience includes process engineering positions at Teck's Red Dog Mine, NovaGold's Nome Operations, Tricon Mining's Grant Mine and Enserch's Independence Mine.


About Fortune Minerals Limited:

Fortune is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of the Mount Klappan anthracite metallurgical coal deposits in British Columbia and the NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories ("NT"). As part of the development of the NICO deposit, Fortune is developing a hydrometallurgical plant in Saskatchewan to process NICO concentrates to high value metal products. The company has also acquired the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled, moved, and stored for relocation to NICO. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. Fortune is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[sliceanddice]

Minus 10 % heute in Canada. Einen Grund dafür hab ich nicht gefunden. Keine News von Fortune, keine Meldung von anderer Seite, keine neue Meinung von irgendjemandem. Also kein Grund zur Sorge, nur der normale Börsenwahnsinn derzeit.

Slice

[sliceanddice]

http://nnsl.com/northern-news-services/stories/papers/oct3_1…

NICO project report passes check

WHATI/LAC LA MARTRE - The developer's assessment report for Fortune Minerals Ltd.'s NICO gold-cobalt-bismuth-copper deposit mine and mill, just north of Whati, has cleared the Mackenzie Valley Review Board's conformity check.
The report was submitted in May, and the company recently announced in a news release that "no deficiencies were identified and the (environmental assessment) has advanced to the next phase."
The company took two years documenting the technical, environmental and socio-economic aspects of the NICO project for the report, Fortune Minerals' director of regulatory and environmental affairs Rick Schryer said.
"We were very confident in the quality of work that was done to prepare detailed information and analysis on a wide variety of subject areas and respond to 40 pages of issues that had been identified," he added.
The environmental assessment has now moved on to the analytical phase.

[sliceanddice]

http://www.fortuneminerals.com/Theme/Fortune/files/S-O%20Mag…

[sliceanddice]

http://resourceclips.com/2011/10/11/diversified-de-risked-un…

Diversified, De-risked, Undiluted
With two projects slated for production within 12 months of each other, the year 2014 should be a big one for Fortune Minerals Ltd TSX:FT. The projects are diverse—gold, cobalt, bismuth and copper at NICO in the Northwest Territories and anthracite coal at Mount Klappan in northwest BC. Both projects have been test-mined. Much of the infrastructure is either in place, on its way or in storage. Additionally, as President/CEO Robin Goad explains, the company intends to recruit deep-pocketed partners to reduce equity dilution.

Last August, Fortune teamed up with South Korea’s POSCO in a JV that gives the world’s third-largest steel producer a 20% interest in Mount Klappan. Fortune gets an estimated $181 million in return, with $30 million up front, to develop the mine and a rail connection. POSCO will fund 20% of operating costs and receive 20% of production from one of the world’s largest undeveloped anthracite deposits.

Mount Klappan’s four deposits total 107.9 million tonnes coal measured, 123 million tonnes indicated and 359.5 million tonnes inferred. Its Lost Fox deposit has a reserve of 85.6 million tonnes proven and 16.1 million tonnes probable. After wash-plant processing, that reserve translates into 51.6 million tonnes proven and 9.2 million tonnes probable reserves of the 10% ash pulverised coal injection (PCI) product used in steelmaking.

Last November’s feasibility study projects a $768.4-million CAPEX for the first four years of a minimum 20-year lifespan for an open pit producing an initial three million tonnes a year.

Based on a price of $175 per tonne PCI, the study projects a pre-tax IRR of 25.4% and an 8% discounted NPV of $1 billion. At $300 a tonne, the study projects a pre-tax IRR up to 60.2% and an 8% discounted NPV up to $ 3.8 billion.

The transportation plan entails building tracks on an existing CN rail bed to the main line 150 kilometres away, which connects with the Ridley Coal Terminal at Prince Rupert, gateway to Asia.

Electricity should be on its way to the region, with BC Hydro’s 344-kilometre transmission line expected for completion in 2013.

“Our POSCO agreement puts money in place to take Mount Klappan through permitting, detailed engineering and some additional work,” says Goad. “At the same time we’re working closely with the community, where we have very significant support, and on finding an additional minority partner that will fund the project into commercial operation.”

Fortune seeks a JV partner for NICO too. “Our plan is to fully finance both projects right through to commercial operation with minimal equity dilution,” he explains.

NICO has underground and open-pit proven and probable reserves of 907,000 ounces gold, 82 million pounds cobalt, 109 million pounds bismuth and 27 million pounds copper. The project’s 2008 feasibility study, however, is out of date.

“We’re now completing front-end engineering and design. We’re going to come out with a new financial model, and we’ll have a new reserve estimate coming out very shortly. At the same time, we’re completing the permitting process and working very hard on community engagement.” Goad says.

A key aspect of the project is the plan to ship concentrate to the company’s refinery in Saskatchewan. “NICO will be using a very simple flotation concentration process to reduce 4,650 tonnes of ore per day to only 180 tonnes of concentrate. That means only five truckloads of material, just 3.7% of the original mass, will leave the NICO site for Hay River each day. That’s a critical economic attribute.”

From Hay River, concentrate will travel by rail to Fortune’s Saskatchewan Metals Processing Plant near Saskatoon. The refinery will offer much lower costs for power, production and labour than could be found in the NWT.

At this advanced stage, NICO might be described as a mine in waiting. It’s also a mine in storage. Fortune has bought and dismantled Newmont’s TSX:NMC Golden Giant Mine buildings, metallurgical labs and other infrastructure, with the intention of shipping and reassembling them at NICO. Goad says the Golden Giant transplant offers another de-risk benefit.

“The Tlicho [aboriginal] government is generally very supportive of our project,” Goad says. The environmental review is progressing as well. “We just completed a conformity check on our developments assessment report [with the NWT Mackenzie Valley Review Board], and I think we’re the first company in history to have zero deficiencies.”

About 24 kilometres from NICO sits a possible satellite project, Fortune’s Sue Dianne Deposit. It hosts an indicated 43-101 of 149.1 million pounds copper, 19,000 ounces gold and 855,000 ounces silver, with an inferred category of 28.3 million pounds copper, 3,600 ounces gold and 122,000 ounces silver.

Goad concludes, “Both projects have been test-mined; both projects have been assessed in positive bankable feasibility studies; both have been pilot-plant processed. We’ve done things like buy the Golden Giant mine to reduce risks. We’ve not only offer compelling value, but we’ve done a lot to reduce risk in terms of diversifying our assets and the work that we’ve conducted to advance both projects.”

At press time Fortune had 110.79 million shares outstanding at $0.82 a share for a market cap of $90.85 million.


Ist schon Wahnsinn. Da verkauft Fortune 20 % von einem der beiden Projekte und bekommt dafür 181 Mio. $. Selber ist Fortune aber nur 90 Mio. $ wert...

[sliceanddice]

Schöner Artikel aus dem dem Canadian mining magazine:

http://www.fortuneminerals.com/Theme/Fortune/files/Pages%20f…

Slice

[saecofan]

möchte nicht wissen, wenn die in drei Jahre ca. produzieren wo Fortune M. dann steht-die Bewertung z.Z. ist doch der Lacher des Jahres. Ist halt ein Langfristinvest.

[sliceanddice]

möchte nicht wissen, wenn die in drei Jahre ca. produzieren wo Fortune M. dann steht

also ich möchte das schon wissen .

Aber noch viel spannender finde ich die Frage, wo die Weltwirtschaft und das Welt-Finanzsystem in drei Jahren stehen...
Davon dürfte auch abhängen, wo Fortune stehen wird.

[Popeye82]

Foran Mining - Announces New Copper Resource, @McIlvenna Bay, 85% increase in the global tonnage of mineral resources in the indicated category +a 60%increase in the inferred category; P. Soares: "Based on the results of our successful PhaseI drill program @McIlvenna Bay, we have confirmed the excellent continuity +wide widths of the CSZ, allowing this large, copper-rich stockwork to be added to the adjacent existing mineral resources of the Deposit. Today, we have added a significant copper resource, with the overall tonnage @McIlvenna Bay almost doubling. The Deposit now stands @>12 million tonnes indicated +almost 10 million tonnes inferred, with potential to further grow the resource, confirming McIlvenna Bay as a major deposit within Canada's prolific Flin Flon Mining Belt. Exploration work in our PhaseII program is advancing well. The outcome of PhaseII will form the basis for a Preliminary Economic Assessment in ´12, as we continue to advance towards our ultimate goal of building a world-class mine @McIlvenna Bay" - Nov 2, 2011
www.foranmining.com/s/NewsReleases.asp?ReportID=488679&_Type…

[Popeye82]

Antwort auf Beitrag Nr.: 42.296.676 von Popeye82 am 03.11.11 14:10:39

die hier sollts sein:

Fortune Minerals Retains Deloitte to Secure Strategic Partner(s) +Financing for Projects - Nov 3, 2011
http://finance.yahoo.com/news/Fortune-Minerals-Retains-cnw-3…

"LONDON , ON, Nov. 3, 2011 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") announced today that it has engaged Deloitte & Touche Corporate Finance Canada Inc. ("Deloitte") to act as Fortune's financial advisor in pursuing strategic alternatives for the advancement of both the Company's flagship projects, the Mount Klappan Metallurgical Coal project in northwest British Columbia ("BC") and the NICO Gold-Cobalt-Bismuth-Copper project in the Northwest Territories ("NT"), Canada. Deloitte will assist Fortune in identifying potential financing partners and evaluating potential transactions that would provide funding for the development, construction and successful commercial production of both assets.


Fortune President Robin Goad stated "we are very pleased to be working with Deloitte again on this important corporate finance advisory mandate. Deloitte's work as our financial advisor in securing POSCO as a partner for the Mount Klappan Project demonstrated they have a leading global M&A capability focused on the mining sector. Their strong presence in critical Asian markets is especially important as Fortune looks to further advance its projects."

Jeremy South , Deloitte's Global Mining M&A Leader commented "Our team of Mining M&A professionals in Canada and Asia will work closely with Fortune's management team to deliver its goal of securing the funding required to advance the NICO and Mount Klappan projects to production. We look forward to leveraging our global reach and expertise to assist Fortune."


Mount Klappan Metallurgical Coal Project

Mount Klappan is one of the world's premier metallurgical coal deposits , consisting of 15,866 hectares of coal exploration licenses in northwest BC and is located 330 km northeast of the port of Prince Rupert. The licenses straddle the BC Railway right-of-way and its partially constructed roadbed, 150 km north of the current terminus of track at Minaret where CN is operating under a long-term lease. Mount Klappan is in the environmental assessment process for the upgrade and expansion of the railway infrastructure and for the development of an open pit mine and wash plant that is expected to produce an initial 3 million tonnes per annum of premium ultra-low volatile pulverized coal injection ("PCI") products for the overseas steel industry. Fortune (80%) and POSCO Canada Ltd. ("POSCAN") (20%) are the current joint venture partners of the project ( See Fortune News Release, dated July 13 , 2011). POSCAN is the Canadian subsidiary of South Korea's POSCO, one of the largest steel producers in the world, and has investments in other North American coal companies and mineral development projects.


NICO Cobalt-Gold-Bismuth Project

The NICO Project is located 160 km northwest of the City of Yellowknife, NT and 50 km north of the Tlicho community of Whati. The 31 million tonne deposit will be developed using a combination of open pit and underground mining methods with ores projected to be processed at the rate of 4,650 tonnes per day in a mill at the site over an 18-year mine life. Other facilities that are planned at the site include a camp to accommodate employees working on a rotation basis, ancillary buildings and a 27 km all-season access road that will join the site to the proposed Tlicho Road connecting nearby communities with the highway to Yellowknife. The mill is expected to produce approximately 180 tonnes of bulk concentrate per day for shipment south to the Company's proposed hydrometallurgical refinery near Saskatoon and further processing. Fortune plans to be a significant, reliable North American-based supplier of high purity cobalt cathode, bismuth ingot, gold doré, and by-product copper cathode and nickel precipitates.


About Deloitte:

Deloitte's Global Mining Advisory Group offers sophisticated investment banking advice to mining companies participating in transactions globally. With over 3,000 M&A Advisory professionals, Deloitte has one of the largest M&A practices in the world. It has an extensive presence in Asia Pacific - with over 900 M&A professionals based in this region. Deloitte is also a leading global provider of professional services to the mining sector with extensive experience advising on middle market transactions, and a number of active engagements in the base metals, coal and steel segments. The core service team working with Fortune will be based in Deloitte's Global Mining Centers of Excellence in Vancouver , Beijing , Seoul , Tokyo , Mumbai and Melbourne ; also drawing on experienced professionals from other Deloitte Mining Centres in Toronto , Singapore , Sydney, Perth , Moscow , Johannesburg , and Sao Paulo.


About Fortune Minerals Limited:

Fortune is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of the Mount Klappan anthracite metallurgical coal deposits in BC and the NICO gold-cobalt-bismuth-copper deposit in the NT. As part of the development of the NICO deposit, Fortune is developing a hydrometallurgical plant in Saskatchewan to process NICO concentrates to high value metal products. The company has also acquired the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled, moved, and stored for relocation to NICO. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. Fortune is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[sliceanddice]

LONDON, ON, Nov. 7, 2011 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to announce that its consolidated financial statements and management's discussion and analysis of financial condition and results of operations for the period ended September 30, 2011 have been filed and are available on SEDAR (www.sedar.com) or through the Company's web site (www.fortuneminerals.com).

As at September 30, 2011, Fortune had cash and cash equivalents of $30,341,681 and a working capital balance of $26,025,526. The Company generated net income of $6,141,309 ($0.06 basic income per share) and $5,140,995 ($0.05 basic income per share) for the three and nine months ended September 30, 2011, respectively. These financial results are principally the result of the sale of a 20% interest in the Mount Klappan project ("Klappan") and business partnership with POSCO Canada Ltd ("POSCAN"). POSCAN is the Canadian subsidiary of South Korea-based POSCO, one of the world's largest steel producers. The transaction is described in the Company's news release dated July 13, 2011.

The following table provides selected consolidated financial information that is derived from the unaudited interim consolidated financial statements of the Company:


Three months ending September 30, Nine months ending September 30,
2011 2010 2011 2010
Net income (loss) $6,141,309 ($241,028) $5,140,995 ($733,396)
Basic income (loss) per common share $0.06 — $0.05 ($0.01)

[Popeye82]

Fortune Minerals &Tlicho Government Sign Co-operative Relationship Agreement - Nov 8, 2011
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

"LONDON, ON, Nov. 8, 2011 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") and the Tlicho Government have signed a Co-operative Relationship Agreement for the NICO gold-cobalt-bismuth-copper project in the Northwest Territories ("NT"). This agreement, which is similar to a Memorandum of Understanding, establishes the framework and path forward for further negotiations, defines primary liaison officials, and sets the communication protocol for the two parties. The agreement states that the Tlicho Government and Fortune Minerals "wish to develop a co-operative relationship through which they will attempt to reach mutually beneficial agreement on matters affecting their respective interests."


"The signing of this agreement expands on our existing long-term relationship with the Tlicho Government and the Tlicho people", said Fortune Minerals President, Robin Goad. "The agreement lays the foundation for discussions on fundamental topics of interest such as the possible environmental and cultural impacts of the NICO Project on Tlicho owned lands."

Grand Chief Eddie Erasmus stated "This agreement provides the resources for the Tlicho Government to collect knowledge critical to understanding the impacts of this project. It also provides resources to ensure the robust engagement of the Tlicho Government in the regulatory process."

In the spirit of the Co-operative Relationship Agreement, Fortune Minerals has agreed to fund a Traditional Knowledge ("TK") Study that will focus on providing traditional knowledge and land use practice information for the environmental review of the NICO project. This study, which will be carried out by the Tlicho Government, will contribute to the environmental assessment process that Fortune Minerals is currently undertaking. The objectives, scope and financial terms of the TK study were detailed in a separate agreement that was signed as part of the Co-operative Relationship Agreement. "The information provided in this TK study will be of great value, not only in the assessment of potential impacts and mitigation strategies for NICO, but also in the development of management plans that take into consideration the knowledge and concerns of the Tlicho people", stated Fortune Minerals Director of Regulatory and Environmental Affairs, Dr. Rick Schryer.

The Tlicho Government and Fortune Minerals have also signed an Environmental Assessment Funding Agreement to support the Tlicho Government with their review of the NICO Project's Developers Assessment Report ("DAR"). The environmental assessment is currently at the Information Request stage where stakeholders, including the Tlicho Government, submit questions on the DAR. Fortune Minerals has received the first set of information requests from the Tlicho Government for which responses are currently being prepared. The Tlicho Government has also formed the Kwe Beh Working Group which manages the Tlicho Government's involvement in the regulatory process of environmental assessment for the NICO project, among other tasks. Representatives of Fortune Minerals will be meeting with this working group later next month to address questions that have been identified after their review of the DAR.


Project Background:

The NICO project is located 160 km northwest of the City of Yellowknife and 50 km north of the Tlicho community of Whati. The 31 million tonne deposit would be developed using a combination of open pit and underground mining methods with ores projected to be processed at the rate of 4,650 tonnes per day in a mill at the site over an 18-year mine life. Other facilities that are proposed at the site include a camp to accommodate employees working on a rotation basis, ancillary buildings and a 27 km all-season access road. The mill is proposed to produce approximately 180 tonnes of bulk concentrate per day for shipment south to the Company's proposed hydrometallurgical refinery near Saskatoon for further processing. Fortune Minerals plans to be a significant, reliable North American-based supplier of high purity cobalt cathode, bismuth ingot, gold doré, and by-product copper cathode and nickel precipitates.


About Fortune Minerals Limited:

Fortune Minerals is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of the Mount Klappan anthracite metallurgical coal deposits in British Columbia and the NICO gold-cobalt-bismuth-copper deposit in the NT. As part of the development of the NICO deposit, Fortune is developing a hydrometallurgical plant in Saskatchewan to process NICO concentrates to high value metal products. The company has also acquired the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled, moved, and stored for relocation to NICO. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. Fortune is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[sliceanddice]

http://www.steelguru.com/metals_news/Fortune_Minerals_agrees…


Fortune Minerals the Ontario Company behind a huge anthracite coal project in BC has signed a cooperation agreement with a native group for its NICO gold bismuth copper project in the Northwest Territories of Canada.

Mr Robin Goad president of Fortune Minerals said that "The signing of this agreement expands on our existing long term relationship with the Tlicho Government and the Tlicho people. The agreement lays the foundation for discussions on fundamental topics of interest such as the possible environmental and cultural impacts of the NICO Project on Tlicho owned lands."

Under the agreement which is similar to an MOU, the company agrees to pay for a study that will examine the project's potential impacts on the environment and the Tlicho people. Stock in Fortune Minerals was down 4.35% near the end of trading on Wednesday. The NICO project is located 160 km northwest of Yellowknife, NWT. The 31 million-tonne deposit would be a combination open pit and underground mine.

Ore would be processed at 4,650 tonnes per day over an 18 year mine life. The mine still needs to have a road built to extract the ore. A road was allowed under a previous environmental assessment by the Mackenzie Valley Environmental Review Board but the Tlicho disagreed saying the inclusion of the road did not respect the band's moratorium on development.

The third largest steelmaker whereby POSCO will pay 20% of the capital costs in developing Fortune’s Mount Klappan anthracite coal deposit, located in northwest British Columbia. In exchange, POSCO will receive 20% of the mine’s production. Mount Klappan is Canada’s only known deposit of anthracite a high carbon coal used in steelmaking and as a blended coal for coke production and one of the world’s largest undeveloped deposits of metallurgical coal. There are 2.8 billion tonnes of coal spread over four areas, including 231 million tonnes in the measured and indicated category.

[sliceanddice]

Nicht ganz neu, aber gerade erst gefunden:

http://www.miningweekly.com/article/fortune-aims-to-secure-f…

Fortune aims to secure funding partners by mid-2012

TORONTO (miningweekly.com) – The CEO of Fortune Minerals, who has just returned from a trip to Asia speaking to potential funding partners, said on Wednesday there was “extreme” interest in its Mount Klappan coal project in Northern British Columbia, despite the current economic fears.

The company aims to finalise financing from strategic partners for both Mount Klappan and its Nico gold-cobalt-bismuth project in the Northwest Territories by the middle of next year, Robin Goad said in an interview.

“Metallurgical coal is in short supply. Strategic buyers are looking at backward integration transactions to guarantee sources of supply,” he commented.

Mount Klappan has one of the world’s biggest undeveloped resources of metallurgical coal, in the form of anthracite, which is used in steelmaking.

On his trip, Goad visited prospective partners in Japan, Korea and China, where he met with steel companies, trading firms and coal producers.

London, Ontario-based Fortune already struck a deal with Korean steel giant Posco in July, where the world’s third-biggest steelmaker bought a 20% stake in the company for $30-million, also agreeing to pay for its share of development at Mount Klappan and pay Fortune another $17.2-million based on future project milestones.

Fortune is seeking to raise additional funding through a second deal at the project, estimated to cost around $800-million to build.

“We’re looking for a minority project-level partner, [which will provide] debt guarantees tied to offtake,” Goad told Mining Weekly Online.

The company said earlier this month it had hired Deloitte to assist in finding partners for Mount Klappan and Nico. The consultancy had helped put the Posco transaction together.

A feasibility study at Mount Klappan, which was updated a year ago, foresaw a $614-million capital cost, and Goad said he did not believe this would have risen dramatically since.

The mining industry has experienced massive cost inflation over the past couple of years as wages and other inputs have all surged in price.

Goad pointed out that the recent volatility had caused some materials, such as steel, to pull back.

Fortune aims to start producing at Nico in 2014, and at Mount Klappan the following year.

The feasibility study at the anthracite project outlined a three-million-ton-a-year operation, and Goad said there was the potential to double this five years after first output, which Fortune would seek to fund through cash flows.

The company has a C$85-million market capitalisation and its projects have a $1.3-billion combined base case net present value, according to their feasibility studies, implying the company trades at a steep discount.

One of the solutions to this Fortune was considering would be to split into two separate entities – one to focus on Nico and the other Mount Klappan, which Goad said the company is frequently asked about.

“It would certainly make the story simpler,” he said.

However, the topsy turvy markets made such a move unattractive in the current environment, so the focus remained on finding partners for the projects.

Changing Fortune’s corporate structure was “something that might make sense in the future”, commented Goad.

[sliceanddice]

Fortune Minerals Announces NICO Permitting Update

Information Request Stage Completed - Advancing to Technical Meeting Stage

Issued Capital: 116,076,976

LONDON, ON, Dec. 16, 2011 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to provide an update on the Environmental Assessment ("EA") process currently underway in the Northwest Territories ("NT") to permit the mine and mill for the Company's NICO gold-cobalt-bismuth-copper deposit. The NICO project, which was referred to EA in February 2009, has completed an additional milestone by progressing to the Technical Meetings Stage.

The Developers Assessment Report ("DAR") for the NICO project, submitted in May 2011 to The Mackenzie Valley Review Board ("MVRB"), passed the conformity check in August with no deficiencies. The EA progressed to the Information Request Stage where interested parties that have reviewed the DAR submitted questions to the Company through the MVRB. Fortune received these requests, which consisted of 425 questions from 10 separate interested parties, in mid-October. Fortune completed its responses to these requests and has now advanced to the Technical Meetings Stage of the EA process. These meetings are scheduled for January 17-19, 2012 in Yellowknife.

Dr. Richard Schryer, Fortune's Director of Regulatory and Environmental Affairs, commented that, "we are proud of our team's comprehensive and timely response to the information requests, and with our continued progression through the EA process."

Fortune is concurrently working to secure a strategic partner to help finance the NICO project and has engaged Deloitte & Touche Corporate Finance Canada Inc. ("Deloitte") as the Company's financial advisor. Deloitte was re-engaged after successfully helping Fortune secure POSCO Canada Ltd. as its first stage joint venture partner for the Mount Klappan anthracite coal project in British Columbia. Deloitte will assist Fortune in identifying additional potential strategic partners and in evaluating potential transactions.

The Company is also pleased to report that an aggregate of 6,383,277 of its publicly traded warrants that expired on December 5, 2011 were exercised at a price of $0.80 per share resulting in gross proceeds to the Company of approximately $5.1 million.

[sliceanddice]

Das hört sich nicht gut an:

http://www.opednews.com/articles/1/Where-The-Waters-Begin--S…

[rolleg]

Fortune Minerals announces NICO Mini-Pilot Plant Results
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Quote for Fortune Minerals Limited (FT:CA)
$ 0,96 RT 0,13 (+15.66%) Volume: 699,34 k 14:54 EST 13.01.2012

[rolleg]

Diversified Coal, Base Metals and Gold Junior Added to Ubika Research Resource Stock Watchlist
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[MONSIEURCB]

@sliceanddice: Danke f+r's Einstellen deiner Anti-Infos ... bin seit heute mit an Bord ... und frage mich natürlich, wie relevant diese (sicher zum Großteil berechtigten) Argumente dagegen für die weitere Kursentwicklung sind?

[MONSIEURCB]

News zu den Results:

http://finance.yahoo.com/news/fortune-minerals-releases-2011…

[MONSIEURCB]

News zum Management:

http://finance.yahoo.com/news/fortune-minerals-announces-add…

[MONSIEURCB]

News ... ist eigentlich noch jemand an Bord?

http://finance.yahoo.com/news/fortune-minerals-completes-add…

[rolleg]

Antwort auf Beitrag Nr.: 43.018.901 von MONSIEURCB am 10.04.12 13:40:47

Hab sie "nur" auf Watch und bisher noch nix verpasst, oder?

[MONSIEURCB]

Bin raus. Allen Investierten viel Erfolg!

[muenchenguru]

@monsieurcb falls Du noch mitliest,
warum bist Du raus ?
Ich fange gerade an mich für FT zu interessieren....
JV mit Posco , NICO mit 3 Rohstoffen, etwas Kupfer noch dazu , gut diversifiziert, Nico wird schon seit 1996 bearbeitet (finde ich immer gut, wenn etwas Historie hat, weil dann -im Idealfall- viele Wenns u. Aber schon geklärt sind.
Anlagen wurden v. Newmont übernommen , auch ganz gut.

[rolleg]

Antwort auf Beitrag Nr.: 43.231.870 von muenchenguru am 31.05.12 12:57:52

Hi muenchenguru,

interessiere mich nach wie vor für FT.

Gestern gabs news:

Fortune Minerals announces successful pilot plant tests for production of cobalt sulphate from NICO
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Quote for Fortune Minerals Limited (FT:CA)
$ 0,73 RT 0,02 (+2.82%) Volume: 25,5 k 12:24 EDT 31.05.2012

[muenchenguru]

@rolleg
Du bist schon mal ein kleines Qualitätszertifikat :-)

[rolleg]

Antwort auf Beitrag Nr.: 43.234.290 von muenchenguru am 31.05.12 19:53:01

Danke, kann ich nur zurückgeben!!! Aber wenn ich mein Depot so anschaue... habe ich das Kompliment nicht wirklich verdient...

[rolleg]

Fortune Minerals announces updated mineral reserves and positive FEED study results confirming NICO economics

Deposit gold content increased by 19.7% to 1.1 million ounces, 3.9 million equivalent gold ounces with Base Case cobalt sulphate, bismuth and copper credits
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[larsuwe]

Hallo! Ich habe etwas über Fortune Minerals gelesen,das 2015 in Produktion gehen soll.Stimmt dies?.Gruß Lars

[rolleg]

Antwort auf Beitrag Nr.: 43.494.960 von larsuwe am 15.08.12 10:28:43

Hi,

ja, man plant, 2015 in Produktion zu gehen. Steht auch in der aktuellen August-Präsentation: http://www.fortuneminerals.com/Theme/Fortune/files/doc_prese…

Gruss
rolleg

[rolleg]

Fortune Minerals files technical report for NICO project
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[rolleg]

The lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. In this exclusive interview with The Gold Report, he explains why he expects gold to finally break through the $2,000/ounce barrier in 2013 and how this should affect the mining stocks that he covers. While share prices are generally low across the board now, Fowler tells us about a few of the ones that he expects to shine bright when the market turns.
http://www.theaureport.com/pub/na/14149

..."MF: I like Fortune Minerals Ltd. (FT:TSX). It has a large metallurgical coal deposit, Mt. Klappan, in British Columbia. The other property, NICO, is a cobalt-gold-bismuth deposit in the Northwest Territories. It has a mixture of commodities. There is also some copper in there. Both projects need quite a lot of money to get going. The company has been aggressively looking for a strategic investor mining company in Asia. It already has an Asian partner, POSCO (PKX:NYSE) for the Mount Klappan coal deposit and is looking for another Asian partner for the NICO deposit. Despite money being very scarce now, there is a lot of money in Asia. I think Fortune is doing a very good job of trying to find Asian investors for its projects. It's trading for a song right now, around $0.60, with about a $70M market cap. These two projects have four feasibility studies, and the total net present values of those studies translate into over $5/share. So it's trading at a big valuation discount.

TGR: What is your target on that one?

MF: Our official target is $2.65."...

[ernestokg]

Habe mit " Kohle" die schlimmsten Geldvernichter im Depot gehabt !
Siehe Kursverlauf von

Patriot Coal
Churchill Mining

Obiger Text erinnert mich verdammt an das was ich über die beiden oben stehenden Companies vor deren Kauf las !

Und ihr meint im Ernst hier ist es anders ?

[rolleg]

Antwort auf Beitrag Nr.: 43.509.094 von ernestokg am 19.08.12 08:13:01

Mit Kohle läßt sich beim richtigen Einstieg gut "Kohle" verdienen. Allerdings ist das "NICO gold-cobalt-bismuth-copper Projekt" bei FT im Moment interessanter...


Heute gabs aber vom Kohleprojekt News:

Fortune Minerals announces updated Definitive Feasibility Study for Arctos Anthracite Metallurgical Coal Project
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…



Sollte man "im Auge behalten". Boden noch nicht gefunden...

Gruss
rolleg

[muenchenguru]

soviel ich weiß sind Antrazit-Kohlevorkommen sehr selten u. deren Kohle bekommt einen markanten Preisaufschlag.
Also Kohle ist nicht gleich Kohle.

[muenchenguru]

Die Wirtschaftszahlen aus der Meldung sind nicht sehr besonders:

LOST FOX MINE BASE CASE ECONOMICS
Pre-Tax After Tax
IRR 17.0% 14.7%
NPV (8% Discount Base case) C$ 615.9 M C$ 405.8 M
NPV (5% Discount Sensitivity) C$ 1,058.2 M C$ 749.8 M
Capital (Initial 3 Years) C$ 788.6 M

Hier noch aus der Meldung zur Kohlequaltität:

ABOUT ANTHRACITE COAL:
Metallurgical coal together with iron ore are the principal raw materials needed to make steel. Anthracite is the highest quality metallurgical coal, measured by carbon and energy content, and represents just 1% of world coal reserves. It is the most versatile coal, suitable for use in a broad range of metallurgical, thermal, water purification and composite material products. The natural high carbon and very low volatile (gas) content of anthracite makes it ideal for use as a premium ultra-low volatile PCI product that is injected into the blast furnace to reduce the amount of coke used in crude steel production. High carbon and low volatiles also allows anthracite to be used as a direct coke replacement and as a blend coal with hard coking coal to make metallurgical coke. Anthracite is the only coal that can be used as sinter feed. Anthracite reductants are used in electric arc / direct reduction steel manufacturing and for the processing of ferroalloys and other metals. Carbon filters for water purification are made with anthracite coal as well as some carbon composite materials. The high carbon content of anthracite makes it the preferred coal for gasification and liquefaction technologies to make urea fertilizers, plastics and high quality synthetic fuels, particularly in Asia where natural gas supplies are scarce.

[Choleriker]

Nur Test, ob der Faden weiter offen ist oder gesperrt

[Choleriker]

Gut.

Ich will nur mitteilen, daß der Wert seit einem Jahr auf meiner Guckliste steht. Positiv: Anthrazit, Wismut, Kobalt (Tesla) und neuerdings auch Silber. Auch die - zumindest oberflächlich - tiefe Bewertung reizt zum Kauf. Negativ jedoch: Dispute mit Indianern, die ihre Gebiete unangetastet haben wollen (oder mehr Geld? ich blicke da nicht durch). Neuerdings auch Unsicherheiten betreffs Bau der Langham Raffinerie.

Meinungen?

[Choleriker]

Aug .11, 2014

Fortune Minerals shifts site of injection well for proposed metals refinery

http://www.ccgazette.ca/wp/?p=3320

Ergebnisse einer Anhörung vor dem Corman Park Council.

[Choleriker]

Tja, entweder das ist (ungefähr) der Boden, oder der Boden ist nicht mehr weit, oder der Boden ist dunkel hinterm Horizont Egal, heute gekauft. Jetzt werden die Zähne zusammengebissen.

[Choleriker]

Antwort auf Beitrag Nr.: 47.759.310 von Choleriker am 11.09.14 20:51:09

Nun ja, schlechtes Timing ... Asche auf mein Haupt.

[Choleriker]

Antwort auf Beitrag Nr.: 48.108.550 von Choleriker am 22.10.14 21:50:45

Puhh, ich lebe noch.

[Choleriker]

Antwort auf Beitrag Nr.: 49.598.306 von Choleriker am 19.04.15 22:07:21

Das Leben geht weiter

[rolleg]

Antwort auf Beitrag Nr.: 50.052.276 von Choleriker am 25.06.15 20:57:27

Für FT habe ich auch sehr interessiert, war aber hier nie investiert. Das mit dem Kauf der Silbermine konnte ich auch nicht wirklich nachvollziehen...

News von heute:

Fortune Minerals Announces Results of Annual Meeting of Shareholders and Provides Update of Revenue Silver Mine
http://www.fortuneminerals.com/news/press-releases/press-rel…

Auszug:

Fortune is also providing an update of operations at the Revenue Silver Mine ("RSM") in southwest Colorado, owned through wholly-owned Fortune Revenue Silver Mines, Inc. The RSM continues to be in the commissioning phase and ramping up to a planned 400 ton per day production rate. While significant progress has been made to improve operations at the RSM, low commodity prices and delays in achieving commercial production have put strains upon the Company's cash resources. Additional financing will be required in the near-term and Fortune is in discussions with its lenders and potential investors to secure additional working capital. There can be no assurance, however, that such discussions will be successful.

Das klingt nicht gut...

Grüße
rolleg

[ramapo]

http://www.fortuneminerals.com/news/press-releases/press-rel…

[ramapo]

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

[ramapo]

Suche hier schon nach Infos um den Anstieg zu verstehen
Kann aber nichts finden. Hat jemand eine Idee ?

[trost11]

Antwort auf Beitrag Nr.: 54.313.618 von ramapo am 14.02.17 09:42:51

privater deutscher Börsendienst hat Empfehlung ausgesprochen.....

[marionella25]

Antwort auf Beitrag Nr.: 56.288.534 von trost11 am 27.11.17 18:04:24

bezieht sich deine Antwort auf den 14.02.17 oder wurde aktuell eine Empfehlung ausgesprochen?

[trost11]

Antwort auf Beitrag Nr.: 56.289.470 von marionella25 am 27.11.17 19:29:15

aktuell....

[Fackelmann]

Antwort auf Beitrag Nr.: 54.313.618 von ramapo am 14.02.17 09:42:51

Kobalt ist imo das Stichwort

[marionella25]

Antwort auf Beitrag Nr.: 56.316.764 von Fackelmann am 29.11.17 20:59:15

Welcher Brief hat denn zum Einstieg geraten? Gerne auch private Antwort! Kann ja bei den gehandelten Stückzahlen kein Briefchen sein!?!

[Fackelmann]

Fortune Minerals announces $5M private placement

http://www.miningnorth.com/member-news/101426

Cobalt Spotlight on FORTUNE MINERALS

https://oracledispatch.com/2017/11/30/cobalt-spotlight-fortu…

[trost11]

Antwort auf Beitrag Nr.: 56.317.397 von marionella25 am 29.11.17 21:56:34

Oliver Groß

[marionella25]

Antwort auf Beitrag Nr.: 56.330.297 von trost11 am 30.11.17 20:21:09

Herzlichen Dank!

[Fackelmann]

Die große Angst vor der Kobalt-Knappheit

http://www.manager-magazin.de/unternehmen/autoindustrie/elek…

[Choleriker]

So, jetzt bin ich wieder beim Kaufkurs von September 2014. Die Party darf gern beginnen!

[marionella25]

Antwort auf Beitrag Nr.: 56.434.677 von Choleriker am 12.12.17 20:42:12

Harter Kampf um die 0,30 CAD. SK darüber wäre nett, ecobalt und Katanga zeigen wie es geht!

[Fackelmann]

Fortune Minerals Completes $5M Private Placement

http://www.stockhouse.com/news/press-releases/2017/12/15/for…

[Fackelmann]

Aus 11/2017:

Fortune Minerals Limited – Raising Fair Value Estimate
https://www.baystreet.ca/articles/research_reports/fundament…

>>The average of our DCF and comparables valuation is $0.97 per share. Therefore, we are raising our fair value estimate on FT from $0.85 to $0.97 per share.

- Key potential catalysts in the next 12 months are listed below: 

- Updated  feasibility  study  results  reflecting  the  economies  of  scale  of  expanded project 

  project financing and/or identify strategic partner s to advance NICO to production 

- re-zoning upon receipt of permits for the SMPP site in Saskatchewan 

- agreement with the Tlicho Government for the NICO access road 

- road construction agreements and site preparation plans 

Disclaimers and Disclosure
The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness.
There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company.
Fees were paid by FT to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage.

[Fackelmann]

Das Geschäft mit schmutzigen Rohstoffen soll sauberer werden

http://www.sueddeutsche.de/wirtschaft/rohstoffe-sauber-bleib…

http://www.independent.co.uk/news/business/analysis-and-feat…

Die Genehmigung des "access roads" klönnte ein Kurskatalysator sein - fehlt nur noch das Geld

[marionella25]

Na also, Deckel ist weg, wurde aber auch langsam Zeit!
Mal schauen wo die Reise hingeht?

[Fackelmann]

Knappes Kobalt

http://www.manager-magazin.de/fotostrecke/kobalt-knappheit-d…

Das ganze Spekulieren ist ein Quiz...

[Fackelmann]

Kobalt weglassen wird so schnell nicht möglich sein

https://i.pinimg.com/564x/64/6f/55/646f552103242f6a8eb1f7ca6…

[rolleg]

Januar-Pres.: http://s1.q4cdn.com/337451660/files/doc_presentations/2018/0…

[Fackelmann]

Japanese cobalt traders find there is none left to buy
https://asia.nikkei.com/Business/Trends/Japanese-cobalt-trad…

[R-BgO]

und?

wird das hier was?

[rolleg]

Fortune Minerals CEO: We'll be producing battery-grade cobalt sulphate for batteries
https://www.youtube.com/watch?v=31B8RRQPIVE&feature=youtu.be

[Fackelmann]

"Wasserstandsmeldung" von Troy D. Nazarewicz (Fortune Min. Investor Relations Manager)

I'll be back to vacation now, but this seems of immediate interest to the board here. -------- Dear John, Thank you for your interest in Fortune Minerals. The Saskatchewan Metals Processing Plant re-zoning is underway and we will update investors when the result of the application is known. Establishing the refinery in Saskatchewan is ideal as it allows us to capture the value added from processing the unique metal assemblage of our ores (cobalt, gold & bismuth) to the final products in a lower cost jurisdiction. This also positions Fortune as a rare vertically integrated cobalt producer that is independent of Congolese mine production and Chinese refining capacity. Future business opportunities at the refinery include the opportunity to conduct toll processing for other mines and to diversify into metals recycling. As such, it potentially captures cobalt production for strategic investor that they otherwise would need to buy from China in competition with the Chinese auto/battery industry. You have a misunderstanding of the cost of the refinery. In the 2014 Feasibility Study the capital required for the entire project was C$589 million. This was split between the refinery in Saskatchewan (C$242 million) and the mine in the NWT (C$347 million). We are currently working on a new Feasibility Study that is examining a higher throughput rate to target approximately 2000 tonnes of annual cobalt production along with the by-product gold and bismuth production, and the capital requirements noted above will be changing. The new Feasibility Study is anticipated to be completed in the second quarter of this year. Sincerely, Troy
http://www.stockhouse.com/companies/bullboard#zVYihs1Qc7SmRk…

[Fackelmann]

Fortune Minerals provides update of NICO Project

http://www.fortuneminerals.com/news/press-releases/press-rel…

[Fackelmann]

Antwort auf Beitrag Nr.: 56.573.311 von Fackelmann am 30.12.17 11:16:15

Rückschau

Zitat von Fackelmann: Aus 11/2017:

Fortune Minerals Limited – Raising Fair Value Estimate
https://www.baystreet.ca/articles/research_reports/fundament…

>>The average of our DCF and comparables valuation is $0.97 per share. Therefore, we are raising our fair value estimate on FT from $0.85 to $0.97 per share.

- Key potential catalysts in the next 12 months are listed below: 

- Updated  feasibility  study  results  reflecting  the  economies  of  scale  of  expanded project 

  project financing and/or identify strategic partner s to advance NICO to production 

- re-zoning upon receipt of permits for the SMPP site in Saskatchewan 

- agreement with the Tlicho Government for the NICO access road 

- road construction agreements and site preparation plans 

Neu:

Tlicho road gets green light from review board
http://www.cbc.ca/news/canada/north/tlicho-winter-road-green…

[MONSIEURCB]

Seit heute auch dabei ... auf guten Info- & Meinungsaustausch!

[Fackelmann]

Antwort auf Beitrag Nr.: 57.507.113 von MONSIEURCB am 10.04.18 14:05:50

Wer noch eine andere Kobalt-Karte spielen möchte, ...

http://www.meteoric.com.au/

[Fackelmann]

Commodities: The Top Asset Class of 2018 So Far



http://www.visualcapitalist.com/commodities-top-asset-class-…

[Fackelmann]

Robin Goad, CEO of Canada-based Fortune Minerals

http://www.scmp.com/business/commodities/article/2149027/chi…

[newzealaender]

Neues Interview mit Robin Goad: http://www.commodity-tv.net/c/mid,39130,Precious_und_Battery…

[gold8600]

Video vom Battery Metals Summit 2018 in Zurich

https://www.youtube.com/watch?v=TweRwBolOUY&t=8s Interessant!

[Airwave72]

Langsam scheint hier wieder Schwung reinzukommen.

https://www.proactiveinvestors.com/companies/stocktube/12462…

[Fackelmann]

Antwort auf Beitrag Nr.: 60.028.265 von Airwave72 am 05.03.19 21:21:23

Eine aktualisiertte FS sollte demnächst vorgelegt werden.
Hat der Kobalt-Preis seinen Boden gefunden ?
https://www.metalradar.com/lme-prices/cobalt/

Hier noch die aktuelle Präsentation:
https://s1.q4cdn.com/337451660/files/doc_presentations/2019/…

[Airwave72]

Danke Fackelmann. Unter anderem wg dem Target auf der 3. SEITE bin ich zuletzt hier rein.

Dealer Date Rating Target
Siddharth Rajeev
Fundamental Research Corp. Feb 19, 2019 Buy $0.97
MacMurray Whale
Cormark Securities Inc. Nov 6, 2018 Buy (S) $0.40

[Airwave72]

[urai5]

Es gibt eine lange und auch leidvolle Geschichte von Fortune Minerals. Ich beobachte den Titel schon lange. Ich hatte ihn auch beim w:o Wettbewerb 2020 ins Rennen geschickt. Natürlich war Fortune Minerals im Wettbewerb weit abgeschlagen- aber das eröffnet Chancen.

Anfang Januar hatte ich eine bescheidene Position in Fortune Minerals - zusammen mit Conic Metalls - eröffnet. Nachdem Biden-Sieg in den USA gehe ich davon aus, dass die EV Revolution auch in den USA an Fahrt gewinnt.

Das Nico-Projekt mit den Reserves (nicht Resources) in Gold, Cobalt und Wismuth mit einem In-Situ Wert von mehr als 4Mrd.$ ist einzigartig. Der wichtigste Treiber 2021 dürfte die Eröffnung der All-Season-Road nach Wahti sein. Für Fortune bleiben dann noch 50km zum Nico-Projekt.

Aus aktuellem Anlass habe ich diesen Thread hervorgehoben - letzter Eintrag 6.3.2019. Es gibt einen aktuellen Research Bericht von Arrowhead:

https://abid.co/sites/default/files/Fortune%20Minerals%20-%2…

Wenn der Cobalt-Preis weiter ansteigt und der Goldpreis mindestens auf diesem Niveau bleibt, bestehen gute Chancen, dass Nico in den kommenden Jahren gebaut und in Produktion gehen könnte. Die First Nations Tlicho stehen geschlossen hinter dem herausfordernden und spannenden Projekt.

urai5

P.S. Neuste ppt-Präsentation
https://s1.q4cdn.com/337451660/files/doc_presentations/2020/…

[urai5]

News:
Fortune Minerals kündigt Entsorgungsoption für Prozessrückstände von Drittanbietern für seine NICO-Projektraffinerie an


https://www.fortuneminerals.com/news/press-releases/press-re…

Das ist ein ganz wichtiger Fortschritt für Fortune Minerals. Der Hintergrund ist Folgender: Fortune Minerals plant die vertikale Wertschöpfung seines NICO-Deposits mit Au, Co, Bi. Dazu gehört, dass eine Raffinerie in einer südlicheren Provinz gebaut werden sollte. Geplante Produktion: Kobaltsulfat, Gold Doré, Wismutbarren und Oxid. Bspw. Kobalt kann aktuell für 20$/lb verkauft werden; Kobaltsulfat für 25$/lb, also ein Premium-aufschlag von 25%.

Fortune Minerals war schon in Verhandlungen für eine Raffinerie in der kanadischen Provinz Saskatchewan. Wegen Bedenken bezüglich Umwelt war es praktisch aussichtslos eine Genehmigng dafür zu erhalten. Schon die Umzonung scheiterte im März 2019:
https://www.fortuneminerals.com/news/press-releases/press-re…

Mit dieser neuen optimierten Raffinerie-Prozess-Lösung - Entsorgung umweltschädlicher Prozessrückstände durch ein darauf spezialisiertes Entsorgungsunternehmen - ergeben sich wieder ganz neue Möglichkeiten: Tiefere Capex, kürzere Genehmigungszeiten, weniger Land und ganz wichtig: hohe Wahrscheinlichkeit für Realisierung.

Das Nico-Projekt von Fortune Minerals ist ganz speziell und einmalig in einer Tier-1 Jurisdiktion: Kobalt, Bismuth und Gold. Vor allem auch Bismuth gehört zu den kritischen Mineralien und ist in den USA und in der EU auf der entsprechenden Liste. Bismuth kann als massiv weniger giftiges Metall in gewissen Bereichen (z.B.Wasserversorgung), Blei (hochgiftig) ersetzen.

Der nächste Trigger ist die definitive Fertigstellung und Eröffnung der 97km langen All-Season-Road nach Whati, Kosten 213mCAD. Von dort braucht es dann "nur"noch eine Zugangsstrasse zur NICO-Mine von rund 50km.

urai5

[Fackelmann]

Endlich zeigt diese Depotmumie Lebenszeichen

[Fackelmann]

Entdecker und Entwickler, die auf Kobaltprojekte abzielen

https://resourceworld-com.translate.goog/explorers-and-devel…

[An1001]

Nachricht v. 03.11.2022

"Fortune Minerals Limited gab bekannt, dass das Unternehmen aufgrund der derzeitigen Volatilität der Wirtschaft und der Kapitalmärkte eine zusätzliche Verlängerung der Option auf den Kauf des Brachgeländes JFSL Field Services ULC (“JFSL”) in Lamont County, Alberta, erhalten hat. Fortune plant, an diesem Standort eine hydrometallurgische Raffinerie für sein vertikal integriertes NICO-Kobalt-Gold-Wismut-Kupfer-Projekt (“NICO-Projekt”) zu errichten. Bei der JFSL-Anlage handelt es sich um ein ehemaliges Stahlwerk, das sich auf einem 76,78 Acres großen Grundstück in Albertas Industrial Heartland nordöstlich von Edmonton befindet und über 42.000 Quadratfuß an gewarteten Geschäften und Gebäuden verfügt, die an die Canadian National Railway grenzen.

Der Standort von JFSL befindet sich außerdem in der Nähe von Dienstleistungen, Reagenzienquellen und einem leicht erreichbaren Pool von Ingenieuren und Fachkräften für chemische Anlagen, wodurch die Kapital- und Betriebskosten für die geplante Entwicklung des NICO-Projekts erheblich reduziert werden. Gemäß der Optionsvereinbarung kann Fortune den Standort und die Anlagen von JFSL für 5,5 Millionen CAD erwerben. Die Laufzeit der Option wurde nun in monatlichen Schritten verlängert, indem Fortune an JFSL CAD 15.000 pro Monat bis zum 31. Dezember 2022 zahlt.

Während des Verlängerungszeitraums kann JFSL konkurrierende Angebote für die Anlage einholen, vorbehaltlich des Rechts von Fortune, den Kauf zu den vereinbarten Bedingungen bis zum Ende des Monats des Verlängerungszeitraums abzuschließen und/oder des Vorkaufsrechts von Fortune, ein konkurrierendes Angebot anzunehmen. Die NICO-Raffinerie würde Metallkonzentrate aus der geplanten NICO-Kobalt-Gold-Wismut-Kupfer-Mine und -Konzentrationsanlage in den Northwest Territories (“NWT”) verarbeiten und Fortune damit in die Lage versetzen, ein vertikal integrierter Hersteller von Kobaltsulfat zu werden, das für die Herstellung der Kathoden von Lithium-Ionen-Batterien benötigt wird, die in Elektrofahrzeugen, tragbarer Elektronik und stationären Speicherzellen zum Einsatz kommen. Die Raffinerie würde auch Wismutbarren und -oxid produzieren, ein Öko-Metall, das in der Automobil- und Pharmaindustrie verwendet wird und eine wachsende Nachfrage als umweltfreundlicher und ungiftiger Ersatz für Blei in Automatenstählen und Aluminium, in Messing und Lötmitteln, die in Trinkwasserquellen und in der Elektronik verwendet werden, in keramischen Glasuren, als Strahlenschutz, in Glas, Munition und Angelgewichten sowie in umweltfreundlichen Pfropfen zur Stilllegung von Öl- und Gasbohrungen hat.

Die Mineralreserven der NICO-Lagerstätte enthalten außerdem mehr als eine Million Unzen Gold und Kupfer als Nebenprodukt. Bei dem vertikal integrierten NICO-Projekt handelt es sich um ein fortgeschrittenes Erschließungsstadium für kritische Mineralien, das bereits die Genehmigung zur Umweltverträglichkeitsprüfung und die wichtigsten Bergbaugenehmigungen für die Anlagen in den NWT erhalten hat. Das Projekt wurde auch in positiven Machbarkeits- und Front-End Engineering and Design (“FEED”) Studien bewertet, die aktualisiert werden, um den neuen Raffineriestandort und die jüngsten Projektoptimierungen zu berücksichtigen."

[An1001]

hier wird ja bis Silvester noch einiges passieren...

Q3 2022 Ergebnisveröffentlichung (geplant) - am 15.11.2022
und dann noch die Erwerbung von JFSL-Anlagen.

[An1001]

https://www.miningnewsnorth.com/story/2023/03/31/northern-ne…

[An1001]

mögliche Verzögerung bei der Einreichung seiner Jahresabschlüsse...

https://www.businesswire.com/news/home/20230323005764/en/For…

[An1001]

Cobalt News v. 28.08.2023

https://www.marketscreener.com/quote/stock/FORTUNE-MINERALS-…

[An1001]

LRC-AUN LLP ("LRC") gibt bekannt, dass es in einer privaten Transaktion 75. 500.000 Stammaktien von Fortune Minerals Limited (TSX: FT) (das "Unternehmen") zu einem Preis von etwa 0,01 $ pro Aktie (die "Transaktion") verkauft hat.

Unmittelbar vor der Transaktion besaß LRC zu einem wirtschaftlichen Vorteil 75.50.000 Stammaktien, was etwa 15,8% der ausgegebenen und ausstehenden Stammaktien entspricht. LRC besitzt jetzt null Aktien.

Der Verkauf der Stammaktien an der Transaktion durch LRC erfolgte im normalen Geschäftsverlauf. Abhängig von den Marktbedingungen, der Sicht von LRC auf die Aussichten des Unternehmens und anderen Faktoren, die von LRC als relevant erachtet werden, kann LRC von Zeit zu Zeit in der Zukunft, auf dem freien Markt oder aufgrund privat ausgehandelter Transaktionen Wertpapiere des Unternehmens erwerben oder alle oder einen Teil seiner Wertpapiere des Unternehmens verkaufen.

Diese Pressemitteilung wird im Rahmen der Frühwarn-Berichterstattungsbestimmungen der geltenden Wertpapiergesetze herausgegeben. Ein Frühwarnbericht mit zusätzlichen Informationen zu den vorstehenden Angelegenheiten wird eingereicht und unter dem SEDAR-Profil des Unternehmens unter www.sedar.com zur Verfügung gestellt.

[An1001]

Fortune kann die Option beibehalten, indem es JFSL 15.000 C$ pro Monat zahlt und die Einrichtungen für 5,5 Millionen C$ vor dem 31. Dezember 2023 erwerben kann.

https://www.fortuneminerals.com/news/press-releases/press-re…

[An1001]

"Fortune Minerals verlängert Option zum Kauf des Alberta-Raffineriegeländes für das NICO Critical Minerals Projekt"


https://de.marketscreener.com/kurs/rohstoff/LME-COPPER-CASH-…