FFM has reported its best assay results to date from drilling at the Ming Mine, Green Bay Project, Newfoundland. Mineralisation domains may be converging at depth, effectively concentrating mineralisation within a smaller spatial area. Four underground rigs are currently drilling at Ming and the next round of assay results is expected in early-mid January. The recent sale of the Musslewhite gold operation by Newmont to Orla Mining (Not Covered / No Rating) could become a catalyst for divestment of FFM’s Pickle Crow asset for which we assume a value of A$60M.
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