RE:RE:RE:CURRENT REVENUE COMPARISONS..FFM and MAEThere is no way that FFM can ramp up to 100,000 tons over the next 5 years.
They would need a massive increase in processing capacity which will come at great debt and take much longer than 5 years to get permits, tailing ponds etc.
It will need much higher grade than Ramblers 1.8% .
We shall see in October how many tons over 2,5%
450,000 tons X 4,5 / 31 = 65,000 ounces per year currentky using Pine Cove mill.
Trucking costs involves 90 km less per trip.
Yes, of course mine life is much longer for the Ming mine.
The drill bit and its sattelite discoveries will easily add another 5 years to HD plus Stoger , Pine Cove, Deer Cove and then there is Whisker Valley with gold and copper plus moly .
However, acquiring BRAU and its 1.5 million ounces would add 15 years at 100,000 ounces per year .
It can be acquired much more cheaply than FFM can drill define new resources.
My point is that in the short term , Maritime will be more than competitive with FFM in terms of revenues and especially profits .
Longer term, gold will easily outdo copper prices as it has done through out history which is very much in favor to Maritime.
Mine life is important but price increases carry far more weight .
Further, all of Maritime's deposits are orogenic in lithology .
They are being mined down to 2,5 km ....NFG is already down to 1250 meters.
As far as I am aware, hardly a drill has gone deeper than 250 meters on those deposits.
Im not putting down FFM .
I like it very much .
But, by comparison, Maritime is grossly undervalued at less than 10 % of FFM market cap .
As for Pickle Crow, FFM has decided to sell it .
My price prediction is in one of my posts.
We are under Dundee 's develoopment wing which is great.
But FFM has more cash and over 3 times the market cap than Dundee.
One of them will take us over as that makes the most economic sense.
We are entering Maritime's patiently awaited inflexion point of its procession on the Lassonde curve.
We will do very well.
AIMHO
GLTA