I,m CuriousIf NFG was to build a brand new gold mill at Queensway, what would that cost? I know The Madsen mine in Red Lake cost $300 million with an 800 TPD mill which is expandable. Frank Giustra who owns almost 12% of West Red Lake Gold (which now owns The Madsen Mine) said it would cost $700 million at today's inflated prices. When NFG starts it's mining operations they will be open pit which means the ore can be trucked immediately to a mill. Pine Cove is 1400 TPD per day which seems to be a standard size for a larger mill. If you consider the downtime of supervising the construction, the need for permits, and the aggravation of such an undertaking which is many, many, years, it doesn't make sense to build your own when Maritime's facilities can be acquired by a share buyout. The savings would be huge for NFG, and the mill is much larger than 800 TPD.
Any Thoughts? Cheers!