RE:RE:The cheapest way to invest in NFGLABs update this week confirms it will acquire gold resources.
I have consistently held that it will be Big Ridge's 1.6 million ounce deposit in SW NL.
Big Ridge is running out of cash but plans to complete its PEA in 2025.
A near perfect match ........a NeeCo merger is established
....except that the Big Ridge deposit is stranded physically and has no processing capability......on the SW Coast but no road access.
For a modest sum, it can repair the former deep water pier.
Enter Maritime with 55,000 Panamax ore carriers and a Deep water port on which is situated the Pine Cove mill.
Maritime plans a modest financing to complete the final def drilling and grade control of Orion .
NewCo will have over $20 million in cash and cash equivalents .
Maritime has deferred its 1 for 10 share consolidation for such an " Event ".
Maritime acquires NewCo and completes its 1for 10 unified share consolidation .
Big Ridge and LABs other projects are then spun out ...they are very prospective ..to shareholders as a bonus
Maritime then will have about 2.5 million ounces of excellent grade open pit gold resources, including about 600,000 ounces of Reserves at HD +
Its two mills have 2000 tpd processing capacity or about 650,000 tons per year.
Firefky ( $500 million market cap ) has an additional 2000 tpd mills sitting idle at Nuggett Pond and no longer in their Ming copper mine plans.
Maritime already has a deal with Firefky for use of exporting its copper concentrate .
It will need a tailings Pond.
Enter access to Maritime's large Pine Cove tailings facility and Maritime picks up another 650,000 tons per year for free.
Maritime than has the capacity to Produce over 200,000 ounces of gold for at least 10 years from current resources.
Last time I looked, debt free 200,000 ounce per year gold producers were trading over $2 billion in market cap.
The modest grade of the Ming copper mine means that Firefky needs another revenue stream to offset
cyclical declines in the Price of copper.
Maritimes large gold production revenues make the perfect risk averse Combo metal producer .
Firefly and Maritime merge, creating a NL largest mining company and establishing stage 1 of Maritime's Hub and Spoke Business model at Point Rousse..
QWN is then gobbled up ........Sprott owns LAB converted to more MAE shares and has a modest position in Firefky and a substantial chunk of NFG
Less than 5% of Maritime's polymetalic gold and VMS discoveries have been drilled.
Its a near pure orogenic territory , hardly a single drill below 100 meters even in its current Reserves deposits.
Coming to a location near you this week..
AIMHO