RE:RE:January 2023 Corporate Prexentationlongagau2 wrote: If they get that much for nfld assets it would almost serve as the collateral for the loan to develop Goldboro. I'm not as optimistic that they will get that much, especially considering sgnl market cap is only 76M. I do agree nfld assets SHOULD be worth that much though. It might make more sense for a company interested in nfld assets at that price to just buy out sgnl entirely, along with MAE.
I totally agree with longagau about a major with ca$h, wanting to set foot in the Atlantic area, would be the perfect buyer for NFLD assets. This major could act as a consolidator and buy MAE also.
However Maritime Resources (MAE) could also be interested as they must invest $14M (according to their FS published in October) into their old Nugget Pond process plant to have it processing their Hammerdown ore. The Nugget Pond plant is only able to process 700 tpd and has not be processing ore for more than 20 years so there are some risks to put money into this IMO.
Thus it makes sense for them to pay at least the double (around $30M) to get the more recent and working Point-Rousse mill that will double their process rate and also getting in bonus all the infrastucture and the trained workforce. Throw in the deal the Tilt Cove and Stog'er Tight deposits and you have a nice and affordable turnkey asset.
The old timers here know that I have been really supportive of a merge scenario with MAE, and I'm still is (we never know), and IMO, that would be the best way to capitalize on this wonderful asset. I guess that SGNL has thrown the towel regarding NFLD prospection so I'm not betting of this scenario to happen anymore.