How to move into the mid tier Producers..Bulking upIf I were controlling Maritime, among several promising options to quickly bulk up its peer based valuation would be the following ....
1...Acquire Big Ridges Hope Brook gold plus copper deposit contains in 1.5 million ounces of gold plus
47 million pounds of copper.
Maritime currently has 500,000 + ounces of gold which boosts total gold resources to about 2 million ounces.
This would move Maritime into the mid tier of gold producers capable of producing over 100,000 ounces of gold for many years
Based on JAG's ounces in the ground valuation of $300 per ounce, the fair value market cap would be $600 million ....
2...Acquire LAB and its 5.3 million NFG shares for longer term cash flows.
The current fair value of NFG is $10 per share
3..acquire the Port Aux Basques Gold deposit with its 500,000 ounces of gold.
This consolidates current gold resources in NL within Maritime consistent with its Hub and Spoke Resource consolidation model.
All acquired resources can be economically mined and milled.
As NFG cannot produce its high grade gold for at least 7-8 years ,without access to Maritime's gold mills, that too is a stranded gold resource which we have by the short and curlies.
These are obvious and realistic bulking up opportunities available to Maritime that make it a potential 10 bagger.
It is an obvious gem in the rough which might explain why Dundee and Firefky may be making big moves in mens clothing ( an old advert that I recall lol )
AIMHO
GLTA