RE:RE:RE:RE:RE:How to value mining stocks What bigger plans ?
Are you delusional ?
The only excess milling capacity east of Abitibi resides with MAE.
That is the only way that NFG can mine QW within 6 years or more ,other than building its own mills ,mining Camps and associated capital equipment .
That will probably cost upwards to 1 Billion CAD.
Based on Marathons experience , all current shareholders will suffer a major dilutive hair cut.
Thats why NFG nailed down the exclusive right to toll QW ore through MAE mills as soon as MAE acquired ownership .
It makes unassailable economic sense .
It was the right move .
My view is that early asset monetization via mining one or more ot QW potential open pits is the only hope for the share price to liberate itself from the current cauldron controlled by the shorts.