Rambler had option to acquire the Duck Pond copper mill for $1,25 million in 2021 but went bankrupt before it could carry out its upgrade and expansion plans by acquiring the large Duck Pond Copper mill.
Essentially, Firefky is resuming what Rambler planned but with the cash to do so.
Both Firefky and Maritime have Nuggett Pond mills 50 km away from Point Rousse and 45 km away from the Ming Copper mine.
Firefky already has a deal to use Maritime's Deep Water Port while Rambler planned to move its copper processing to be near the Ming mine.
Rambler planned a ore sorter to increase volumes milled as does Maritime.
Both Maritime's and Firefkys Nuggett Pond mills require signifucant upgrades.
The Duck Pond mill has more processing capacity than both of the Nuggett Pond mills.
It makes sense to cannabilze the two Nuggett Pond mills to rebuild the Duck Pond mill, perhaps increasing its capacity to 3000 tod, which along with a common ore sorter at the Pine cove mill, could boost total milling capacity to about 4500 tpd , running as a joint consolidated enteprise at Point Rousse by Maritine and Firefky .
This expanded milling capacity could also accommodate NFG"s Tolling requirements while leveraging
Fireflys copper expansion plans
This makes eminient economic sense .
Let there be no doubt.... NFG will activate that Tolling Mou .,,its just the timing that remains unknown .
AIMHO
GLTA
https://www.rns-pdf.londonstockexchange.com/rns/3202F_1-2020-11-13.pdf