RE:RE:RE:77 Million Ounces ..Top QWN ProspectsPine Cove has 1400 tons per day capacity ....about 450,000 tons per year.
Nuggett Pond has 700 tons per day but needs a comminution upgrade to resume production.
However, that mill jointly owned by Firefly Metals, does have a comminution circuit.
Firefly is planning a new mill and won't resume copper production until late 2028, so it's possible that the Nuggett Pond mill could be brought into production rather quickly , if processing demands exceed
the capacity of the Pine Cove mill.
Maritime has stated that it plans to expand milling capacity in the second half of 2025.
Its my speculation that this will be done by Maritime acquiring Flys two Nugett Pond mills ( including its 1400 tpd Nuggett Pond copper milll) which will boost Maritime's total processing capacity to about 4000 tpd .
This would be consistent with the Hub and Spoke business model of Maritime, making its Baie Verte
operatiions including a deep water port the controlling source of excess milling capacity in NL.
Firefly owns 10% of Maritime and has already entered into a JV with Maritime to use its import/ export storage and Deep Water port facilities.
Its my posit that Firefly will acquire Maritime because of the accretive complementarity of their Baie Verte metal assets , processing and marketing needs while Derisking the cyclical nature of copper prices , with the market cap heft to cheaply acquire emerging producers like BRAU who have gold / copper discoveries which are stranded due to a lack of processing facilities .
Just my opinion.
GLTA