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You may want to watch this short video speaking to central bank gold buying and what China is doing with gold and silver. Gives some nice factual numbers on what's happening.
I found this David Lin video with his guest pretty interesting. The guest talks about a lot of things, but at the 20:00 minute mark in the video he gives his opinion on where he currently sees gold. I won't even comment on his opinion, but it's not real bullish. If I heard him correctly, he predicted anywhere from a 10-27% correction coming for the gold price. That's his opinion NOT mine.
He seemed to leave the door open for a correction and a later move higher.
I didn't post that article with the hopes of everyone selling their gold/silver or PM stocks. The take I got from the author of the article is that IF Trump can achieve some of his goals while in office that many of the geopolitical risks we have now will be reduced and I agree with that premise.
We know geopolitical risks are a major driver for the gold price and under Biden gold performed very well. Does that mean gold is headed straight down from here?
I doubt it, because even if the world is fighting fewer wars there are still a lot of other issues to face. The two biggest being continued out of control spending and unsustainable debt. Trump won't fix those issues and will most likely exacerbate them substantially, because we know as the economy slows all they know to do is throw more money at the problem.
I'm not selling any of my FMG shares either, but I do like to present opposing points of view here on occasion. I still contend we could see a significant downturn in PM prices before we reverse and go much higher later on. Time will tell if that happens.
Trump could actually make the world a safer, more peaceful place at least in the short term. The peace through strength narrative.
This video is more in line to where I think we're going, sooner than later and all they can do for this is to print more money.
I'm not very good at predicting the future.
Jobs report was terrible.
FED cut rates again.
Hmmm?
Why would central banks stop buying gold?
Let's see if that trend continues.
How is the existing debt and interest burden going to be paid?
Most First Mining shareholders bought for the long-term. My bet is we are closer to a payday now that the final EA has been submitted. I'm staying.
Good luck to all.
Not investment advice.
Anybody see this article?
https://www.zerohedge.com/news/2024-11-08/trumps-win-means-its-time-take-profits-gold
O.K., I think we can all agree that Cat Lake needs the mine to move forward to keep the Tribe alive. We've established that so we don't have to continue beating this dead horse on that subject.
What I would like you to respond to is what you said in your earlier post about the prior Chief signing some agreements with First Mining back in 2018. Did that actually happen or is it a bunch of BS? thanks
I don't remember anything about this happening.
Cat Lake as a FN is finished without the money from Springpole. The amount of social problems they have will just compound over time until they eventually will become a ghost town and die out. They are so remote even compared to the other Canadian FNs around Springpole they just won't have the capacity to survive going forward. They are 100% dependent upon the government funding and that will not change going forward. Canada will imo elect more right leaning politicians in the upcoming elections both Ontario and nationally, so time is running out here for Cat Lake.
This is why I really think they will jump on board here in the end no matter what they say right now about this or that. The Chief just have to realize how important it is for his community that Springpole gets developed. Everything they have been wishing for can be built if Springpole gets developed. Cat Lake could get jobs for generations if this gets done. And I'm sure it will get done with or without Cat Lake because there are other FNs and interests involved as well.
It's ALL native americans both in the U.S and Canada and elsewhere.. look at the tribal "sovereign lands" inside America in the various states across the union, same crap, poverty, corruption, drug use, destitution, casino monopoly with a few royalty natives / native pretenders (Elizabeth Warren types) making heaps while 99% under lives in abject poverty.
Like I said, the majority of races around the world can't rule themselves, they implicitly or subconsciously prefer a dictatorship / authoritarian type of government. Look at the Philippines/Thailand/Vietnam, Russia, all of South America, China, Middle East, all mired in corruption, all either communist or authoritarian / dictatorial forms of governance.
That's the real goal of DEI / ESG combined with the manufactured jewish NGO sponsored illegal immigration crises in America / Europe, and the deliberate debasing of currencies in the west combined with usurious debt (mortgages, interest on OUR OWN MONEY WE SHOULD BE PRINTING OURSELVES), insane taxes, and THE COMBINED SYNERGY of all these multi-front insidious attacks on the west has one goal in mind: to passively lessen and eventually extinguish the european / american caucasian demographics so that the only remaining clusters of people to control are those who won't resist, who won't push back, "yes men and women" who will acquiesce and comply. Truth is even among whites, the liberal and leftist 50% half are too far gone and brainwashed to be saved, just as we saw during COVID when so many fanatically and blindly supported the vaccines and tried to destroy anyone who dared pose any questions and critically thought for themselves.
99.9% of what our governments and media want us to do or tell us is a lie or a half twisted truth, because they're all compromised either due to volunteered bribery/financial favors (Romney, Nikki Haley, McCain, McConnell, Graham, Ramaswamy, Trump, etc etc), blackmail / intimidation (Ron/Rand Paul types who mean well but can't do / say anything because they're scared what happened to Thomas Massie and JFK will happen to them), or useful idiot dupe types like AOC who are useful idiots.
Interesting article. It would appear that the native Canadians aren't doing such a hot job of ruling themselves either OR the government up there doesn't really give a damn about them. That's the drift I'm getting from what I read.
Why in God's name would the Tribe have to hire a consultant to ask the government for this money? Don't they have direct access with the Canadian government? Who in FN's signed the agreement with this Guy? My guess is that whoever it was might have been benefitting themselves for the pay-out to the consultant. Under the table. This all reeks of corruption IMO.
This all appears to me to be a major cluster-fuck going forward.
Is it any wonder they want someone to build roads for them to get the Hell out of there? Disease, freezing weather all the time, and complete isolation. No wonder they're all drunks and drug addicts. Easy to see why.
So. this statement from Chief Ernest Wesley says the Tribe signed partnership agreements with First Mining. Where are those agreements today? They're obviously not in place currently.
Did these agreements cease to exist when the previous Chief left? I don't remember any of this happening.
This article from 2019 really illuminates the degree of the destitute in Cat Lake, mould induced illnesses, abject poverty and extremely dire living conditions.
https://www.cbc.ca/news/canada/cat-lake-first-nation-housing-emergency-funding-consultant-1.5085104
Interestingly enough, the consultant that spearheaded the $12m gov assistance funding for Cat Lake back then from what I am interpreting got stiffed on his contractual dues by Cat Lake by some shady unfolding of events.
Native Americans as a whole, I'm sorry to say this, can't rule themselves. There's a reason why North America was a giant divided swamp for thousands of years and then suddenly when European whites showed up, it became what it is today in a mere few centuries versus being perpetually stuck in what is tantamount to caveman times. FYI, I'm not white, so hold your horses before you whip out the racism or nationalist b.s smear cards, I'm simply looking at all countries that have existed since the dawn of man and America is basically the only one that was truly free and had constitutional protections and viable power diffusions - of course most of that has effectively been demolished courtesy of our "globalist" "elite" "banksters" federal reserve spawned "friends" since 1913 - but point is Madison, Jefferson, Ben Frank, Adams, Washington, these guys were all white. That's why the "globalists" (usurp the word globalist or elite or bankster with you know what 3 letter word) despise whites, that's WHY the DEI or now ESG woke b.s exists, that's why they are flooding America, Europe, Canada with uneducated and in many cases criminal (inmates from Venezuelan prisons) illegals from third word places 95% of which don't value or espouse liberty and will bend over backwards and do as they're told, which means easier to control, subdue, and enslave. Dilute the populations of the COLLECTIVE WEST with garbage, discourage marriage and fertility through feminism and inflation - feminism teaches women to resent men ("I'm a sTroNG iNdepeNdeNT woMaaAN I dont NeEd no MaN") and inflation, taxes, and interest makes having a family untenable or in the case they do, they'll have maybe 1 kid, causing the fertility rate to be <2 which means gradual extinction since you need a fertility rate of 2 JUST TO SUSTAIN a certain group/demographic. That's why Germans, French, American whites are basically slowly going extinct and being replaced with a bunch of arabs, pakis, indians, south americans.
It's a multi pronged attack on the IDENTITY, values, customs, and principles of the collective west, by central banksters and their proxies such as Larry Fink in Blackrock, George Soros, WEF, Scwab (you'll own nothing and be happy), THEIR NGOs that are flooding the west with illegals. That's what having the private legal right to a money printer buys you, complete omnipotence to do whatever you want, wherever you want, wage genocide, blow up apartment buildings (oh we were targeting Hamas/Hezbollah, oops sorry about the 300 kids and women we killed as collateral damage... hehe!)
That's WHY the constant race swapping and irrational push for "diversity" in every sector both public and private, diversity is just the pretense, the real motive and agenda is diabolical and evil.
Anyway going back to the article, this article gives me a lot of confidence that Springpole will be permitted and that Cat Lake will green light this. They've got to, else they're stuck forever in disease and poverty.
I just want to bring your attention to a statement given out by the previous Cat Lake chief back in 2018:
Chief Ernest Wesley of the Cat Lake First Nation stated, “Our community is very excited to be developing this project with First Mining. We have hope and confidence that the signing of these partnership agreements will bring jobs and economic benefits to the Cat Lake First Nation and all partner communities in our Shared Territory. We are looking forward to working with First Mining on all of their projects in our Shared Territory.”
As you can see from this statement it is pretty obvious that Cat Lake as a community is not at all opposed to this project. The same project sat under a lake back in 2018 when evidently developing it posed no problem at all for Cat Lake. How come all of this suddenly changed with the new chief? You mean to tell me that nobody was worried about the impacts of this project back in 2018 (when mostly all of the same EA material was available) but now all of a sudden they are? It does just not make any sense whatsoever. It's all just politics guys. They are trying to get the government to promise them the building of a permanent road network. This is what this is all about. And it won't happen unless they develop Springpole. The Chief knows this fully well.
I think this is more of an issue that the government and Cat Lake must work out and FFMG can serve as a good intermediary to negotiate a good solution where everybody wins. The EA approval will come no doubt. Keep in mind that Lac Seul FN also now has a say in the project and I'm quite sure they are very interested in the economic benefits this project will bring. What if they go ahead and approve of this project before Cat Lake? It will put Cat Lake in a very bad spot negotiation wise. They will simply have no choice but to get on board here. There is no way a billion dollar project of this size will be determined by a remote community of 600 people. Especially when it's more than clear that everybody will win big here.
Speaking to your point about central bank masters, I was watching Powell take questions on TV yesterday after they cut rates another .25 basis points.
Someone asked him if he was going to step down as Fed chief when Trump took office, and without hesitation he gave a flat-out NO answer. Trump has already said some time ago he was going to dump Powell IF he won back the Presidency. Legally Powell doesn't have to leave until his term is up in May
2026, so he can hang around for a while yet.
I'll be surprised if Powell isn't replaced by Trump after his term is up. IMO Trump learned his lesson from his first term, the only people he's going to appoint into office this time are "YES" men, hand-picked by him that do what he tells them to do. Even though, he actually appointed Powell in his first term.
I'd like to see Trump appoint Judy Shelton as Fed boss, she's all about sound money and likes gold.
That would really shake shit up. LOL
I would recommend you to watch "America: Freedom to Fascism" by Aaron Russo which was made in 2006. Russo was a famous Hollywood producer and director in the 1980s/1990s, he made Trading Places with Eddie Murphy for instance. Russo died in 2007.
Then, go on rumble and search for "Matthew North Trump," in fact here is the link https://rumble.com/v53zybs-who-was-matthew-north-his-open-letter-to-zionist-puppet-trump-supporters-20.html and watch Matt's 10 minute video that made him famous in 2018 where he nails the truth about not only America but the entire planet with unbelievable precision. Matthew North was a 21 year old kid who popped out of nowhere in 2018 and started making videos that quickly went viral, he quickly grew and word spread, and then shortly after starting to release these videos, he was found shot dead with a bullet in the brain in his car, as usual deemed a "suicide." Then google "Thomas Massie Wife Dies." Massie is a Congressman from Kentucky who in June of this year gave an in interview on Tucker where he openly disclosed that AIPAC controls and puppeteers all of Congress, and 3 weeks later in July his wife died a "mysterious sudden inexplicable death" and neither Massie, the media, or anyone else disclosed anything about her cause of death other than "sudden and mysterious." She didn't have cancer, it wasn't a car accident. she just..died. Then google USS Liberty and do some research on that, and you'll slowly start to see ONE COMMON DENOMINATOR.. Then, once you've done all that, watch Europa: The Last Battle. Be forewarned, it is disheartening and gut wrenching, but it is the abhorrent unfortunate truth.
Trump is absolutely controlled opposition, he is just a trojan horse that the globalist elite jews did a phenomenal job of convincing us that he is a messiah and an outsider, he is not. Is he better than Kam? Absolutely. Would the central banking elites have preferred an easier Kamala/Biden carte blanche type that'll sign anything placed in front of em and sell their soul to the highest bidder while openly embracing the puppeteers' strings, absolutely. But THEY finance both sides to create the illusion of a dichotomy between the 2 parties when in reality they are both ONE and they both serve the same master. Say hypothetically both Democrats and Republicans fused tomorrow into 1 party, and called themselves "The Party." Well then the divide and conquer hegelian dialectic stratagem would no longer work because you have 1 party, 1 group of politicians that pander to the entire populace but NOTHING CHANGES, and the sheeple begin to wake up realizing something is up and they're being duped, making unification easier.
If Trump upholds his promise to deport the illegals of the last 4 years, tighten the border, stop the wars, which I hope he does, make no mistake about it, it's not a sovereign free decision he is making, he is not doing anything that his central banking masters haven't authorized him to do. If he's doing it, it means it's part of THEIR plan which means there's an angle. If Al Capone authorizes one of his proxies to do something that is on the surface a benevolent act, it doesn't make the proxie good, it makes them a puppet who does as they are told to serve the interests of his master.
The best kind of slave is the one that doesn't see the chains, and that's what most Americans, Europeans, and people around the world have become since central banking, the bane of mankind, took root on this planet.
While I agree with your dislike of Globalists - I think Trump is definitely not one. He made some mistakes but he is the closest thing to a nationalist that we have had for a politician that I can remember. They have tried everything to get rid of him through lawfare and even I believe assassination. I also think release of Covid right before the election was deliberate with China and Globalists.
Your plan sounds pretty good to me. I've always believed in trying to cover my own ass and not be too dependent on what the government promises us it will do.
That's why if times get really hard, I hope I can get by on what I've set aside and out of the reach of a government that could try and take it away from me. Without knowing exactly how this "Great Reset" unfolds I'm somewhat nervous about any stock holdings I have, but like life, that's a gamble too.
As this reset moves closer I'm hopeful my FMG stock rises, I can sell most of it and go into safer, more tangible, assets before all Hell breaks loose. We'll see how that goes.
I like physical silver too.
I also agree about the media and politics.
I have a little bit of silver in the closet. First Mining is my attempt to win with gold.
I do agree the dollar is heading for a disaster. My plan is to keep a supply of seeds for growing sprouts in a jar. Plus I've learned a lot about edible weeds. Might not be a strong plan. The company I work for seems to thrive in good times and bad. I plan to keep working.
Hopefully this gold thing works out.
We are BONED whoever happens to be President at the time the clock runs out and the plug is pulled by the Elites is the way I see it. This is all just a waiting game until that happens and the clock is ticking.
In my time on this planet the most obvious and egregious change I've seen in this supposed "free society" we live in is with the news media. It's really pathetic the path that it has degraded to. Most people are totally lied to and misinformed by it, so they believe the crap they're being fed. They're in bed with the government / big tech with the misinformation scam.
At least to some degree I think Trump getting reelected was SOME pushback against the lying media. Full disclosure, I'm not a fan of any politician, but there are a few that I think may keep our way of life preserved longer than others. I.E. Trump vs Harris
Regardless of who's in charge, gold and silver are going higher IMO.
Having voted for Trump 3 times, it took me a while to reconcile with the truth that Trump is controlled opposition just like every president we have had since 1913 to 2024 with the exception of JFK which is why they killed him. JFK was trying to restore the gold and silver dollar, force AIPAC to sign as a foreign entity under FARA, and hold Israel accountable for their uranium enrichment, and of course his famous "Secret Societies" speech about the illuminati - whom we now know are the same people that own and control the "federal" reserve and the other 200 central banks around the world - was likely the final nail that sealed his fate and got him whacked by what was likely a joint collaborated effort between CIA, MOSSAD, the mafia, secret service, etc. THIS IS WHAT HAPPENS WHEN YOU GIVE THE LEGAL RIGHT TO A MONEY PRINTER TO PRIVATE PARTIES, they (shockingly..) abuse it, especially when you give it to a group that loathes and despises everybody that isn't them and has grand aspirations of ruling the world with everyone but them a slave. (you will own nothing and be happy, Klaus Scwab, WEF, a Rothschild bankster puppet)
I voted for Trump because in my view he is a gunshot to the head versus being drowned alive in acid proposition. Trump is absolutely 100% beholden to the globalist elites aka the banksters (or dare I actually stop using such euphemisms and actually explicitly refer to them as jews) that own and control this planet through their parasitic cancerous control and stranglehold over the creation, issuance, and circulation of the money supply. How the world, starting with the bank of england in 1694, to the jewish reserve in 1913, came to confer the power of money printing to private entities is beyond me.
Both parties serve the same master, and both parties agree on almost everything and only create the facade of disagreement to give the masses, us the moronic willfully or blissfully ignorant sheep, THE ILLUSION that these parties represent us and our beliefs, ideas, values, when in reality it's only a mirage meant to distract and obfuscate the truth that our government has been occupied and under the duress of these central banking parasites and their tentacles in AIPAC, Blackrock, Vanguard, Office of Foreign Relations, Hollywood, banks, media, CIA, FBI, DOJ, E V E R Y T H I N G is rotten, corrupted, bought and in the pockets of these "globalist" elites.
Trump has countlessly said he worships Israel and by extension all of the other entities in the spider web surrounding Israel, and will basically do as he is told. He is not the messiah I was foolish enough to believe he was in 2016, he is controlled opposition, a gatekeeper guarding the truth just like Alex Jones or Joe Rogan or Bill Maher or Fox or CNN, talk shows, and so forth. Someone says "9/11 was suspicious and an inside job," then that someone asks Alex Jones or Rogan or Trump or Maher or a senator or representative if there is any merit to 9/11 being an inside job, and even if Alex Jones or Rogan or Trump KNOW the truth about 9/11, they lie and say anyone believing so is a tinfoil hatter or conspiracy nut, because that's what a gatekeeper does, he/she knowingly guards the truth from coming out and tells their following who trust and believe them a lie when the truth is in risk of discovery. For example if Jesus came back down (I'm not religious, just using him as an example) and let's say the moon landing was hypothetically fake and Jesus knew it was fake, and millions of Christians asked Jesus if the moon landing was fake and Jesus deliberately lied (on the orders of God) to keep things on an even keel and prevent chaos and upheaval, well people would blindly believe Jesus that the moon landing was indeed real and not fake because it's Jesus, he would never lie would he? Gatekeeper. That's what 99% of media, governments, celebrities are and have been since 1960s (when the globalists' control and entrenchment of all facets of society began to take hold in earnest since they spent the first few decades since the creation of the federal reserve slowly laying the bricks and buying up influence, control, and ownership of everything and everyone).
That is what the power of money printing buys you, absolute control and domination over every facet of everything in a country and given a long enough timeframe, the world. Well they've had since 1750 (Amschel Bauer later Amschel Rothschild) since Rothschild took a controlling position in the bank of england, tutored his sons on the formula and playbook, engineered the Napoleonic wars, then world wars 1 and 2, then created the "federal" reserve here in America in 1913, their second and most critical and primal central bank.
There are 3 types of people in congress: 1) willfull sellouts (Pelosi, Schumer, Graham types), 2) extorted and threatened sellouts (Ron / Rand Paul, Jim Jordan, Desantis, etc), 3) dupes who genuinely believe in their cause who are either in denial or oblivious to who really controls and owns everything. Trump is of the first type, and although the "globalist banksters" would've probably preferred Kamala since she's the ideal puppet who'll sign and do anything she is told, they are still quite happy with Trump as well.
If Trump follows through his promises to deport the trash that has come in here the last 4 years and at least mitigates the extent of the dollar disaster that lies ahead, that HOPE alone was enough reason for me to cast my pointless vote for him.
He will still clamor for money printing, low rates, and fan and cheerlead the flames of war against Iran and back Israel. In the end he will do what his masters tell him to. If Trump was the messiah I used to think and many people believe he is, he wouldn't have been allowed to even be on the ballot. Ask yourselves this, was Kamala selected or picked via primary? The only way in any universe or alternate dimension that one of the most unlikable and incompetent morons who everyone knows slept her way to the top would be on the ballot for presidency is IF THEY WERE SELECTED by a powerful group, not chosen. Same for Trump. We are boned either way.
You make some excellent points about some of the very positive things that Trump should bring back to the party here and IMO even with all of his personal faults he's a much, much better leader and manager than Harris could have ever been. It would have been VERY scary to even think about her as President, this was someone that couldn't even articulate her polices to the country. Sad indeed.
I still think Trump and his policies will be good for PM prices. He'll stay on Powell's ass to drop interest rates as much as possible if the economy starts tanking and I think it will. If a recession shows up, as I expect it will, Trump will tell Powell to start the QE machine again to make him look good. That should be bullish for both gold and silver.
We'll see how this plays out, but I still see some tough sledding ahead for the world economies. That's always good for PM's.
P.S.: Everyone thinks because Trump is against war and will keep us out of war that will lessen the chance for it to happen. I would disagree with that premise.
As you noted Trump is a big money printer.....BUT, here are some positives from my perspective - open Keystone pipeline and the pipeline in Michigan. Trump will encourage oil discoveries and tapping known reserves in the ground. This will create jobs and hopefully drive down fuel prices, which would be great for the mining industry margins. Hopefully he can help in bringing the Ukraine and Middle East conflicts to an end. End the open border policy of the last 4 years. Deport all illegal aliens. Make sure veterans receive the attention and care they deserve. Increase government efficiencies - for example, don't spend a ton of dough on EV charging stations, rural internet access (which a lot of money was spent on but never came to fruition), merge and/or eliminate some federal agencies. We'll see how he does.
I agree. Trump is a hellava lot better than the alternative, but IMO we're already too late to fix our bigger problems. That being uncontrolled spending and debt that won't be reversable. We've already gone over the cliff and Trump can't fix that. He will exacerbate it with more spending when the SHTF moment comes. Trump's legacy is his most important goal IMO.
PM's are still the best ways to cover your ass, because IMO we still face a lot of issues that no one can fix. I see Bitcoin is up big this morning with Trump's win.
Thank god we got Trump for POTUS!
I actually expect gold to correct now for some time. This is also what happened when Trump won last time. People will get enthusiastic about the economy and maybe they will think the war in Ukraine and ME will come to an end. All of this will put pressure on gold. But in the bigger picture nothing has changed. Trump is a big spender and will make the debt explode to new highs. The fiscal situation in the US is not fixable any longer.
But Trump is pro business which should good all around and we will most likely see similar trends in the upcoming elections in Canada as well. People are completely fed up with leftist policies and will vote for candidates who favor the economy,
You're very welcome. IMO the Chief is doing what he has to do to maximize what the Tribe can get out of this transaction. He can't roll over right away, as that would be perceived as "giving up too easily." Letting them do their study is IMO part of this negotiation game being played.
I believe that as long as the government is happy with the EA, then FN has to be agreeable with the mine plan and fall in line too. That seems to be the way the Canadian law reads anyway.
Thanks for forwarding it to Paul and thanks for posting the EA news - that was a great piece of news! I am not too worried about the Cat Lake folks - they are just jockeying for position as you and other posters have discussed. Who knows, maybe the chief is getting some heat from his own folks to push for more?
Oh shit, this doesn't look good for the big government party. I'm surprised they let this Guy on CNN fake news channel. LOL
https://www.zerohedge.com/political/math-doesnt-work-cnn-panelist-says-dems-massive-disadvantage-early-voting-deficit
Yup, actually Keith stated in that recently removed interview that he does not know of a single instance where an EA has been filed and not approved in the end because usually companies won't even bother to start the process unless they basically know the government is on their side. It's just way too expensive and time consuming for a developer or even a bigger company to try and gamble on a longshot on an EA permit. Sometimes it takes a little while to work out all the details and there might be some back and forth negotiations, but in the end these bigger projects get permitted. The government also knows there are a lot of eyeballs on this asset right now, so for them to not approve it would basically be a very bad move politically in terms of attracting new capital to the region. These government guys want this project approved just as much as we do because it means billions of dollars for them in revenues as well as lots of jobs and infrastructure which always looks good for any politician.
With regards to Cat Lake, it's really a "do or die" type of situation here. There is no way this small remote community of some 600 people will survive economically in the coming decades without this asset being developed. If Springpole fails, then Cat Lake will be doomed and the problems they are now facing will just compound over time until that community eventually becomes a ghost town. This is just the cold hard reality of their situation and why they are in desperate need of good jobs and new infrastructure.
The big nut to crack is getting the government EA approval and FN's approval is just icing on the cake to that getting done. The government has way too much to lose for this mine not to get built. The big Chief and his advisors know this, so they can go smoke a peace pipe or go hunting before they give their approval.
This is all a waiting game. The outcome has already been determined, because money talks in the end.
Agree with everything here. In the end, the $ sign is what will approve this project. There has to be at least a few Cat Lake / Indigenous based companies that would benefit very much economically from this project. FFMG would most likely contract them just out of sheer good will even though there might be more qualified companies in the area. But I think the FN people should benefit from this as much as possible. They have had horrible living conditions for a long time with lots of poverty, substance abuse, alcoholism etc. so Springpole really is a once in a generation opportunity to transform this community once and for all.
"Through the creation of over 43,000 person-years of employment, over $2 billion in government revenue, and with the training, employment and business opportunities for local and Indigenous communities, Springpole is positioned to be the new economic engine for Northwestern Ontario”.
There will be some back and forth negotiations now between FFMG and Cat Lake during 2025-2026, but in the end they will come to an agreement. The governmental EA approval is what the bigger companies want to see first and foremost.
Like I have said before, Cat Lake will basically be left to rot if they manage to blow this entire progress or halt the project development completely. Their community is so remote and without any road network it just makes it almost impossible to service them in any meaningful way going forward. You can be sure the Doug Ford government will not forgive them if they manage to somehow F up this progress. They will be left in poverty and misery for years to come and most likely eventually die out anyways. We are talking about a community of some 600 people here. That's just the reality here for them. I'm quite sure Cat Lake is quite aware of this and this is why they desperately need that permanent road network they have been wishing for for many years. The only realistic way this will happen is if Springpole gets developed. Basically this will come down to giving Cat Lake a promise of the road network. I am confident they will sign an agreement in the end because the government for sure will approve of this project.
Seablue, FYI, I forwarded the article you posted to Paul H., I don't think he had seen it yet.
He came back to me and said he would forward it to Steve Lines and get with the author of the article about some inconsistencies in it. LOL
I see this whole maneuver for the FN study as being a pitch for what FN want to get out of giving their approval to have an open pit at Springpole. FMG is going to bend over backwards to kiss their ass and IMO if they do that Canadian LAW says the mine can move forward without FN approval. This is exactly why FN will have to give their approval in the end.
FMG has submitted the EA now that should prove an open pit mine will NOT endanger the environment around Springpole and will actually be very beneficial long term for the environment, and most importantly for area development and money/jobs into this God-forsaken part of the world. The Big Chief knows this, but he's got to play his part in this story.
I've said it for a long time now this is nothing more than a negotiation that FN's is doing to squeeze FMG and the government for all they can. I believe their approval will be given, but how long it takes is the real question to be answered. I believe it said in the article Seablue posted that FMG expects approval from FN's to happen around the time the final government approval is given. We're probably at least a year away from all that happening.