New Found Gold Corp V.NFG

Trucking costs to Pine Cove Mill

[nozzpack]

The 2022 FS for the HammerDown open pit mine estimated $25.5 cad per ton milled at the Nugget Pond Mill which is 150 km from the HD mine near Kings Point .

LOM tons milled was 1.2 m tons of crushed sorted ore which would cost just over $30 million cad .
Lets take QW north open pit ore similarly crushed and sorted.
Distance to Pine Cove is 240 km

I assume 7 grams per ton converted to 10 grams per ton after crushing and sorting.
Elementary computations show that 330,000 tons of such sorted ore would yield about 100,000 ounces per year  of gold assuming 95% recovery in the Pine Cove mills.

What would be the annual trucking costs for QWN open pit ore, assuming HD trucking metrics adjusted for tonnage milled and distance ?

We have.... $30 million cad times 330,000 tons / 1.2 m tons times 240km / 150 km = $15 million per year for 100,000 ounces of Production valued at $250 million CAD @ $2500 cad per ounce .

So, as Uncle Eric has said many times, transportation costs of high grade gold ore costs F All relative to the value of the ore.

The Pine cove mill recovery is about 87% at 2,5 -3 grams per ton of sulphide gold.

At a milling grade of 10 grams per ton , it would be in the 95% range .

The updated HD FS will include other associated newly discovered / expanded deposits , with a LOM up to about 10 years, 

Its obvious to most that mining operations on the Baie Verte Peninsular are going to be consolidated into the planned Hub and Spoke business model, which has long been Maritime's patient plan.

In this way , Stranded gold deposits like the Hope Brook and Cape Ray plus their signifucant tailings  can be accommodated by the Baie Verte Consolidated Mining Company .

Firefly  is already planning to build a new 3 m TPA copper mill adjacent to its Ming mine ( and adjacent to the Pine Cove Mill ).

Economic dictate  using Maritime's Deep Water Port and tailings facilities , providing additional agregate for Shoreline and leaving vacant its 1400 tpd Nuggett Pond copper/ gold mill which can be combined with and run in parrellel with Maritime's 700 tpd Nugget Pond Gold mill ........and operated either as a substantial capacity gold mill or combined concentrate operation .

See Maritime's new CP below for more info....
GLTA


https://wp-maritimeresourcescorp-2024.s3.ca-central-1.amazonaws.com/media/2024/03/07122823/Maritime-3-7-2024.pdf

[nozzpack]

So, transportation costs of QWN ore to the Pine Cove mill is not  restrictive as it would cost 1% or less of the market value of that transported ore. The Pine Cove mill has peer equivalent gold recovery rates, is operational and has more than sufficient capacity to toll mill 100,000 ounces of QWN ore . The 700 tpd Nugget Pond Mill adds more capacity and could be expanded to 2200 tpd if

[Dixiedee]

  Whats there not to like ? From nozzpack my response in brackets Or, will we continue to Float , Bloat and Hope ? (This is your approach to maritime ) Some idea of the latter option can be had from our management sibling NKG. (You are putting the cart before the horse ) It just announced yet another equity financing at just 35 cents.......versus 45 cents for its recent