Maritime Resources Corp V.MAE

What’s economically accretive is good for All

[nozzpack]

Have you noticed that the main tailings facility ..Pine Cove Pit facility ..is being enhanced ?

Lets speculate what benefits might accrue from a Merger of Firefly, Maritine and Shoreline ( two others are naturals but let's leave that for future considerations )  centered at Point Rousse

1...A Common Staging and Storage Area 

2..Deep Water Port essential for Shoreline and Firefly

3..Large Tailings Facility essential for Maritime and Firefly

4..Consolidation of mine processing mills

5..Substantial additional  Mine aggregates to supply Shoreline business , with incressed feeder source for gold recovery from MAE/ Shoreline wash plant 

6..Substantial operational efficiencies and working capital 

7..Capable of exploiting diverse mining opportunities on the Baie Verte Peninsula and NL including new sources of Copper and VMS  ( eg Black Ridge ) 

8..A corporate " Gorilla"  making acquisitions an easier and cheaper task

( and .Macpoor becomes MacRich).

The wild card now is Dundee plans.

From experience, they are consolidators and spin-outers which is good as it unlocks hidden value and enhances operating margins while spin outs are functional and capital accretive dividends .

Just speculating of course.

As for the NFG tolling agreement. I cannot see that, by necessity , it won't happen.

Dont know the time frame , but waiting 5-6 years and $1 billion to build its own mining infrastructure will not be tolerated by its shareholders as equity dilution will be huge along with commensurate declines in share price ( see Marathon as an example ).

It cannot be too long as opportunities for and capacity of Maritime's milling capacity is not unlimited.

It is a  substantial wild card and might happen as a takeover by NFG.....

AIMHO

GLTA

[Zibo510]

It seems that the potential uses for the mill outweigh the capacity of the mill, simple supply and demand principles make this asset very valuable.  The mill is a license to print money and very soon that process will begin.  In the last NR there was no mention of the FS or the drill campaign which were key points in the last PP, I suspect that plans have changed and something is in

[nozzpack]

  Thank you . That's quite  possible. Boot strapping by test mining is the fastest and best estimate of a FS. Once grade control is completed , the economic grade ore is very well defined and can be mined without undue waste dilution. In essence, for HD deposit , there is alteady  a FS , and , as it is fully permitted , mattalugical results are now known , mining

[Zibo510]

When negotiating a deal, what gives you leverage is being able to say No Thanks, not good enough and walking away.  Maritime is now in that position if they are in negotiations. Since they have the tailings and ore deposits available and the ability to process them through the mill and generate immediate revenue, that ability puts them in a great position if they are or will be in a deal