Auteco Interest in Point RousseIn its last report, Rambler mines noted that it was interested in acquiring a mill close to its Ming Copper-gold mine at Baie Verte.
The Pine Cove mill is just a few kms from the Ming mine.
However, Rambler went bankrupt and was recently blight out by Auteco .
The extra costs for Rambler was due to its 1400tpd mill was located at ugget Pond which was 40 kn away .
So, the Ming ore had to be trucked 40 km to the Nugget mill and the copper-gold concentrate production then trucked another 140 km to Ramblers deep water port at Goodyears Cove.
Now all of those costs would be eliminated by acquiring the Pine Cove mill and using the adjacent Point Rousse Deep Water Port for shipping its concentrate .
So, NFG May not be the only and it would make redundant the 1400 tpd mill at Nugget Pond right next door to Mae nugget pond mill which can operate in parallel with the Auteco mill.