RE:RE:There are many ways to look at this...nozzpack wrote: An excellent analyses, shifty, which highlights the wide disparity between the POG and valuati9 of exploration companies like Signal.
Its the capex cost and extended time needed to get fully permitted and then build all of the necessary processing and associated infrastructure at the mine site.
Marathon Gold's Valentine Lake is an excellent example of this.
For example, replacement costs of the Pine Cove mill , tailings facilities and infrastructure is well over $100 million.
That deal was transformative for Maritine , completing its plans to make Point Rousse into the Hub and Spoke processing and distribution Center of NL metal production.
Gold deposits stranded because they cannot afford to build a mine onsite must seek excess milling capacity which only Maritime has, with its two gold mills.
Even NFG , a $900 million owner of the world class Queensway gold discovery has signed a tolling MOU with Maritime.
It might offer Signal that option too
Nozzpack, nice try for advertising for MAE. You do not own any shares here, as is Shifty. Your objective for both of you are still pretty clear. I proved you were wrong a lot of times in the past with back of the napkin calculations and wrong information. Please continue to pollute the MAE board and go away, thanks.