Mill costsCost is directly proportional to size which is directly proportional to tonnage of ore processed per day. A huge 4,000 t/day mill will cost big bucks. Conversely a small 100 t/day mill can be purchased off Alibaba for pennies. I'm sure Newfoundland is also littered with used ones.
QH has stated that there is a mindset within the industry to start huge right off the bat. He has also stated that that isn't necessary. Mining operations can start small and grow organically self-financed.
I am not implying that NFG should build a 500 million dollar mill in the next few years, nor, do they have the surface ore to sustain such a mill. They can start small and grow organically.