RE:RE:Sprott has resumed buyingThank you.
It must be remembered that the only excess gold milling facilities in NL for the next 6-8 years are owned by Maritime.
Marathon will get theirs fully commissioned by 2026 but it will fully utilize its milling capacity .
Considering financing, permitting , tailings etc, there isn't a hope that NFG can have a 1 m ton per annum gold mill capacity up and running within 6 years at the minimum .
Yet, they have those high grade open pit deposits like Keats, Iceberg etc that can be monetized via production within 2 years ...and one year for a substantial bulk sample.
They have no choice but use the two Maritime gold mills .
Assay fatigue has set in despite incremental additions to resources by excellent drill results .
This situation is well known to be idiopathic to share price increase .
Share price can now be onky enlivened by asset monetization via early production..even better if rich cash flows from the High Grade low low cash cost HammerDown mine advance those cash flows by a year or two.
So, what choices do NFG have other than use it's equity to acquire Maritime..