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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by nozzpackon Nov 07, 2024 7:25am
111 Views
Post# 36300440

The Dynacor Tolling Model

The Dynacor Tolling Model

Perhaps the one that might be used by Maritime..

Lets take 100,000 ounces per year as illustrative 

DNG pays 85% of Spot Price for gold ore delivered to the DNG mill.
Basically, equivalent to 15,000 ounces per year in a streaming deal

DNG then processes and mills that ore , and sells it at Spot Price...reporting gross sales as its revenue 

The operating margin is 11.5% of gross which is 11,500 ounces of operating cash flow .

The  net margin is about 6.5%  which is 6500 ounces as free cash flow

From this, DNG pays a dividend .

DNG has the only mill available to these miners.

Shoreline Aggregates...a JV partner of Maritime...then uses the waste ore for its aggregates market in the US .


Residual gold fines associated with this waste ore is then recovered by a gravity circuit installed at the outlet of Shorelines Wash plant .

Shoreline have the mining equipment..excavators etc..and crew such that Maritime is now employing Shoreline to reclaim  Maritime's TSF#1 , recovering tailings gold fines in the process.

Its a very efficient model , eventually recovering nearly 100% of the delivered contained gold.

Firefly...market cap $700 millin ..has already arranged with Maritime to use its Point Rousse Deep Water Port for its copper concentrate business.

Other JV ventures are obvious.

AIMHO

GLTA

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