2200 tpd Duck Pond Copper mill and milling consolidation I had forgotten about Ramblers plan to expand and rejuvenate its Nuggett Pond mill.
Part of the plan was to acquire the 2200 tpd Duck Pond Copper mill which was on care and maintenance and for which Rambler had a deal to acquire it for Approx $1.3 million.
Essentially , Fireflys expansion plans are the same as Ramblers except with a demonstrated intent to consolidate all processing and operational faciltes to the Point Rousse area which is just a few kms from the Ming mine.
You can view Ramblers plans in their detail at this link....( https://www.rns-pdf.londonstockexchange.com/rns/3202F_1-2020-11-13.pdf )
Maritime has 2000 tpd milling capacity in its two mills including a floatation unit capable of producing a copper concentrate by the Pine Cove mill
Likewise, so does Firefly have a 2000 tpd in its two mills at Nuggett Pond including the copper circuit in
Maritimes Nugget Pond mill.
The Duck Pond 2200 tpd copper mill , consolidated to state of the art at Point Rousse with the other three existing mills, would increase total processing capacity to 6200 tpd which is about 2 million tons per year.
This gives Firefly a laneway to reach its goal of becoming a mid tier copper producer rather than the modest production of 7000 tons of concentrate by Rambler.
It also highlites the signifucance of the substantial copper resource contained in the Little Deer copper deposit adjacent to the HammerDown Mine and its sattelites...and its inclusion in both the MAE and Firefly Corporate Presentations ..
But, Firefly needs gold production to offset the cyclical volatility of copper prices .
It has only modest gold content in its copper concentrate, totally insufficient to derisk copper price cyclicality.
Maritime has that gold resource and a highly efficient gold mill along with a large tailings Pond with a long life and a processing stranglehold on substantial gold assets such as Hope Brook.
Firefly has a processing stranglehold on the Burnt Ridge copper deposits
As I have said many times before, a merger with or takeover of MAE by Firefky is a marriage made in economic heaven.
It would benefit everyone including Dundee.
As of today, Firefly will have close to $100 million in cash.
MAE is awaiting an optimal time to consolidate its shares ...Firefly has already consolidated its shares.
It needs MAE TSX listing .
I could be wrong but imo we will mate with Firefly.
If we do, we will become very rich.
AIMHO
GLTA