Post by
nozzpack on Mar 14, 2024 12:28pm
Firefly Quarterly Report..MRE Report in Q3
This Resource Report will be for those high grade lenses drilled outside the current Reserves which are lower grades of copper and gold inherited from Rambler.
Difficult to estimate the newly drilled tonnage but the assay grades indicate copper grades above 2% and gold grades above 1 gram per ton.
They are burning through cash , so the question becomes whether or not they will quickly resume mining of these high grade lenses for early cash flows.
If that is their intent, it seems reasonable that they will want to avoid the costly trucking of copper ore 45 km to Nugett Pond and the concentrate another 150 km to GoodYears cove .
Lots of space to relocate their Nugget Pond Copper mill to Point Rousse made even more attractive as MAE s Nugget Pond mill also has a copper circuit .
Just guessing , mind you..