Post by
nozzpack on Mar 26, 2024 4:53pm
The New Paradigm ?
Today, despite no change in the POG, shorters were buying , the EOD was not a factor, and our share price increased .
Coincident with the NR that Firefky has acquired a 8.4 % interest in Maritime, in partial exchange for the right that Firefly can import/ ship 1 million tons of mineral concentrate per year through Maritime's Point Rousse Deep water port.
Plus become involved with the much larger development plan for Maritime's Point Rousse assets as they economically complement the consolidation of Firefly's production and processing requirements for its Ming copper production at Point Rousse.
Based on the Ming mine Reserves and consolidated processing capability at Point Rousse ....3 million tons per year...assuming Duck Pond copper mill is acquired ..Fireflys right to ship/ import 1 million tons of mineral concentrate through Maritime's Deep Water port can only mean in my opinion that a smelter/ refinery is being considered for Port Rousse to convert mineral concentrate to refined gold and copper
.
I need not remind you that being sulphides, Queensland gold ore will need refining to 99,9 % standards to receive full POG.
Likewise every other gold produced in Canada .
So, it's my posit that NFG is now about to enter the Hub and Spoke business model patiently promulgated by Maritime, now possible by the acquisition and consolidation of excess processing assets in NL , sourced by multiple advanced discoveries including VMS, High grade copper+ along with gold deposits and now given validity by the emerging deal with Firefly and its elite sugar daddy, Bellevue Gold.
As a consequence, Maritime shares are now held by seven companies in the mining sector including NFG.
Those who bought today shall see the worm turn..
AIMHO
and
GLTA
Comment by
Dixiedee on Mar 26, 2024 5:54pm
Maritime is a non issue at this point you need to let it go