More on Firefly's Expansion PlansPrice Targets for Firefly keep rising , the latest $1.99 versus current price of $0.53.
A less recent report stated that Firefy was planning on building a new 3 million TPA mill near the Ming mine at Point Rousse.
This would be needed for Firefly to reach Tier 1 copper producer of 60,000 tons per year from the Ming mine .
Total current TPA on the Baie Verte Peninsual is 1.25 m TPA spread equally between MAE and Firefly.
Firefly, like MAE plans on selling its Mainland gold asset ( Pickle Crow ) as part of its fund raising .
However, the fact remains that 3 ounces of gold is equivalent in market value to 1 ton of pure copper .
And, unlike copper price , POG is not cyclical and indeed tends to rise during recessions as it is a store of existential value .
So, Firefly has to have gold as part of its defensive asset suite ...and indeed this is implied by their propsectus .
Its only source with milling capacity is MAE.
In full complementarity, once the new copper mill is operating, MAE can assume ownership of the 1400 milling capacity of the Nugget Pond Coppr-Gold mill which can operate in full gold or copper -gold concentrate mode .
Very useful if Black Ridge and W Valley high grade copper-gold projects convert to economic deposits ..
Mac cannot of course speculate on such outcomes .
I can and I have no inside connections .
My 10 baggers are based solely on good research .
My latest ..VLE... is now enroute to a 20 bagger .
GLTA