Friday, January 22, 2021 7:25:03 AM
This guy digs deep and asks questions that have to be answered in detail.
I also noticed a very strong change in attitude from the Crux Guy from the first interview Dan did with him last year. He had a lot of skepticism in the first interview and he definitely seemed much more impressed with what the Company has done since then. That was very evident in this interview.
Dan passed the test with flying colors.
So, obviously one of the biggest themes I took from the interview is they're going to push hard to do more work as it relates to indigenous relations. The way Dan talked we have been pushed back about six months on that because of Covid, so I think they have some catching up to do there.
He mentioned end of 2023 as the time for permit approval in the interview and it's always been mid 2023 before.
Dan also made mention of something I thought would happen and have mentioned it on this board before. That being we should likely see a buy-out or JV partnership in some form BEFORE the official announcement of Springpole being permitted. How far out in front of that permitting announcement is uncertain, but we know our shares will pop prior to that happening.
As far as the royalty questions go, IMO this Company could be reliant on mostly royalty revenue going forward. I think they're putting themselves in a position to do that if they so choose. IMO our royalty streams should be talked up more by Dan because royalty companies are where investors want to be positioned now. Royalty money is free and clear profit that requires no upfront investment and when you own the property getting royalty money should always be part of the deal. If FMG received nice royalty returns from every property we owned that would be extremely profitable in itself.
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