Post by
nozzpack on Aug 27, 2024 8:58am
Maritime is not Bound by the Tolling Mou
Few realize that this is a fact.
Maritime already has over $1 billion in its insitu gold reserves , doubling that with over 300,000 ounces convertible by infil and definition drilling beginning once this financing is completed, that there is now 1.5 million ounces of gold stranded NL without a processing option, transportable by sea, that Dundee , Maritime's controlling shareholder, is now altering its share structure , changing its business model towards producer status, has added two of its executives to the Maritime Board, that Maritine has the richest metal pantry than any junior gold in Canada, that Firefky and Maritime are co consolidating their
processing assets at Point Rousse........all of which means that NFG cannot assume that Dundee will agree to wait for a revenue stream that is dwarfed by Maritime processing its own gold assets...
In essence, NFG is currently a mendicant not a hegemon.
AIMHO.
Comment by
TheGreekGoldGuy on Aug 27, 2024 10:00am
This is the New found Gold board goard. BTW this is what nvestoras think of Mareitime. Maritime Resources $0.025 -0.0035(-12.28%) GGG