Wednesday, September 11, 2019 1:59:34 PM
It looks to me with all the meetings Dan is having the mining sector is heating up. That's the best thing that can happen to the share price...more attention into the mining sector. I also agree the GDXJ selling has hurt the shares and most likely still keeping it suppressed.
IMO the best case scenario for FMG would be to sell (if possible) all properties, not Springpole or Goldlund. If they could do that they would raise a lot of the capital needed to bring them both into production.
The gold price is going to move to a new higher level that makes the gold in the ground much, much more valuable 5 years from now, so to your point about them having the intention of developing Springpole ourselves. Why wouldn't they want to do that? Selling the ounces we have at a discount now to what the value will be isn't good business, so that to me makes sense. They understand that now too.
He confirmed what I've been saying all along, a higher gold price is what we have to have to move the shares. That's going to come.
I'm excited to hear about his saying doing a strategic partnership is where they would go. IMO that news alone would make our share price explode. Someone that would buy into our share dilution and share expenses, etc. is the best thing we could have happen. IMO that's more likely to happen as the gold marches higher.
Permitting Springpole is crucial, but unfortunately that's not going to happen anytime soon. What I would like to know about that is how the permitting plays into getting a partner? At what future point are partners willing to commit without having the permit in hand or will they even commit without having the permit in hand? Very big question.
What he said about the "new gold district" at Goldlund makes me think the drill results coming out will be pretty good.
COminer, I agree 100% with your conclusion thoughts. They can play the long game and if they can sell a couple of the properites and find a partner IMO our troubles will be over. Gold may have a floor of $2500-$3000 an ounce in five years, so what's that make the value of the gold we have in the ground then? A lot more than it is now at $1500.
Great post. thanks
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