RE:50 BP Fed reductionMAE is gold based with polymetalic greenfield discoveries which also contain gold.
What distinguishes Maritime from other juniors is its ability to monetize its gold assets because it has the Pine Cove mill and associated permitted mining assets such as long term tailings ponds along with a Deep water port and lots of space to add / consolidate mining infrastructure.
So, upon full upgrade of the Pine Cove mill ( funded by $1.5 m by recent equity raise ) ,which will boost gold recovery to 98%, it will begin cash flowing from production of historic gold stockpiles and tailings .
The wild card here is the tolling MOU with NFG as the Pine Cove mill ( and subsequently the rehabilitated Nugget Pond mill ) is the only excess gold milling facility in NL and Atlantic Canada for NFG and others such as BRAU .....until they build their own mines which will take over 6-7 years.
Longer term ..within 18 months..the high grade HD mine and associated gold satellites will be our best cash producers capable of at least a peer norm 10 year mining life producing in the 50,000- 75,000 ounces per year range or more depending on the exploration success of our brownfield gold deposits..Orion, Stoger, Pine Cove etc...and greenfield deposits such as Deer Cove and potential company makers of the Whistler valley.
Acquisition targets such as the 1 million ounce stranded Hope Brook mine could add substantially to future gold production but remain speculative at present.
Very much longer term, all of Maritimes current mines are orogenic in lithology.
Almost certainly, gold will be drill discovered to depths greater than 1000 m once the accessible low cash cost surface deposits are mined out.
That won't be in my life span.
The major wild card here is a takeover because of Maritimes dual mills ability to convert to cash flows other gold deposits that cannot produce in the short term and at great expense in the absence of permitted gold mills with tailings ponds .
Hope this helps..