RE:NFG Raising $400 million cadThis is the largest funding in NFG history.
Obviously, its use will enable NFG to break out of the mold of a low valuation exploration company into
producing one or more of its high grade discoveries .
The amount of funds is far less than that needed to build its own mine...over $750 m..so any production of NFG will be by buying a producer or tolling the processing of mined ore.
The Hub and Spoke business model of Maritime is intended to cover all mining activities in NL plus whatever can be garnered outside.
We are now seeing its early stages , with Firefky consolidating its mining operations to the Point Rousse locality adjacent to its Ming Copper mine.
Adding NFG to this model by mergers / acquisitions such that one Goliath conglomerate emerges that
, with added copper productin can generate $1. billion in revenues per year, would seem to be a natural economic development .
Maritimes assets/ facilities are complementary and essential to both Firefky and NFG.
In other words, we are..as Dan would say.. sitting in the cats seat...now with Dundee in the drivers seat towards accelerated development ..