TSXV:MAE - Post Discussion
Post by
nozzpack on Mar 27, 2024 6:17am
SCP Finance
..is Maritime's financial advisor which arranged this financing deal with Firefly.
SCP is the rebranding of Sprott Capital Partners.
It also specializes as an advisory for mergers .
Using trucking costs from the HD 2022 FS, the use of the Point Rousse Deep water Port will save Firefly about $25 milling per year in concentrate transportation costs, including the cost of maintaining the GoodYears Cove Deep Water Port.
Obviously, Firefly will not be given free use of the Point Rousse site for consolidation of its storage and processing facilities nor for use of the Deep Water Port.
I don't know what the fine print says but this arrangement will mean a recurrent annual revenue stream for Maritine that could be quite signifucant depending on the business volume developed by Firefly.
If I recall correctly , Firefly will upgrade the Ming Mine MRE in Q3 of 2024.
It could therefore resume mining copper at Ming by exit 2024.
What we are now seeing is the initiation of a close operating relationship between Firefly and Maritime.
Given their natural resource synergies , this relationship will continue to grow..
AIMHO
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