|
Written by Web Master
|
|
Saturday, 12 June 2004 |
Welcome to Fortune Graphite Fortune Graphite Inc., a Canadian (British Columbia) company, has acquired a group of mineral claims in a known mineral-bearing region of southeastern British Columbia (BC) that is ready for commercialization.  Amorphous Graphite
At the conclusion of the Summer 2002 report, the amorphous graphite deposits in that area of the Fortune Graphite properties indicates inferred deposits of 6,677,000 tons (report in right hand margin).
With our current inferred deposits of 6,677,000 tons, Fortune Graphite can operate at a run of mine of 475,000 tons for each of the 14 years. Over the 14-year period, this would generate:
 Sales $167,544,720 Mining Costs $ 53,188,800Gross Profit $114,355,920 These figures are based on a 9% yield on the 6,677,000 tons. Therefore it would be 598,374 (tons of graphite) x $280 USD per ton equaling $167,544,720. Mining costs are based on $8 USD per ton mined. Flake Graphite Carbon
Fortune Graphite recently acquired the flake graphite carbon bearing AA Bentinck graphite carbon claims in southern British Columbia. Flake graphite carbon is key for the development of fuel cells and is in increasing demand for many high-tech products as well as vehicles. The AA Bentick graphite carbon claims have 12.26% graphite carbon content per ton and carbon content 92.5% graphite carbon to 99.5% graphite carbon.
Gold Properties in British Columbia
Fortune Graphite has acquired the Harris Creek Gold Placer in Vernon, British Columbia. The Harris Creek is a past producer. A recovery of 373 grams of gold has been reported from large boulders near irregular bedrock over a 4.6 by 15 metre area. A channel exposed in a cross-section on the west side of Harris Creek produced 435 grams of gold. The total past production for the period of 1936 to 1945 recovered 14,150 grams of gold. |
|
Last Updated ( Tuesday, 24 August 2010 )
|
