Acquiring MAE , NFG can have its cake and eat it tooBy acquiring MAE , NFG can be the owner of 100,000 ounces per year of below peer AISC.
MAE is fully permitted and will begin mining its high grade HD deposit in mid 2025.
Bulked up, it can cheaply acquire two stranded deposits in NL containing over 2 million ounces ....Hope Brook and Cape Ray.
Direct shipping of ready to mine ore from starter pits with necessary closely spaced grade data...Keats Trench, then Iceberg Trench ...requires little if any permits.
Pine Cove is planning to expand the Pine Cove mill in H2 which will give it plenty of milling capacity for its own expanding production and QWN .
By doing so, NFG suddenly is producing 150,000 ounces per year with substantial exploration upside from MAE's dozen or so discoveries along with those being readied for early mining at QWN...5 trenches altogether.
As part of that process, spin out QWS and Kingsway to a publicly listed company using Maritime's TSX
listing.
Lots of hidden value being unlocked..