RE:News..MOX Gets Taken out at $250 per ounce of reservesThe 2022/FS which was based only on the then current resources of the HD open pit, using the far distant 700 tpd Nugget Pond mill had an after tax NPV of $103 million .
About $50 m cad was needed to upgrade the Nugget Pond mill which will not be the case with the newly acquired Pine Cove with double the milling capacity .
That is, if done with the Pine Cove mill, the After tax NPV would have been $103 m + $50 m + interest charges....@$1750 POG
The updated FS now underway, will considerably increase the NPV , as both the Orion Reserves and Point Rousse reserves will be included along with updated HD reserves including 2022-23 drilling results.
So, easily $200 million cad is my TO fair value..
https://maritimeresourcescorp.com/news-releases/2022/maritime-resources-reports-positive-feasibility-study-for-hammerdown-gold-project-with-48.1-irr/