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Tuesday, 08/02/2022 12:26:31 PM

Tuesday, August 02, 2022 12:26:31 PM

Post# of 19249
Saw this article over on the Kitco site and it explains why we're invested in a miner like FMG. The gold/silver mine supply is and has been falling, so it's not just a higher demand for PM's that drive a higher price, but because producing miners aren't able to supply enough metal and are running lower on their resources.

Where's the new supply going to come from? It's coming from developers like FMG and the great properties they have. When the Springpole permitting is finally seen as getting done, IMO we'll have no problem finding partners with deep pockets to fund our properties and build the mine out. The resources are limited and everyone knows it. Only a matter of time before it happens.

https://www.kitco.com/news/2022-08-02/Falling-mine-production-is-key-to-gold-and-silver-s-long-term-bull-market-CME-s-Norland.html
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