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Re: Tommy Two Times post# 17493

Monday, 11/07/2022 2:47:08 PM

Monday, November 07, 2022 2:47:08 PM

Post# of 17744
Hi Tommy, it has been a while, welcome back.

The Company is still working on permitting our flagship Springpole property and I wouldn't expect to see that completed until 2024. I believe they want to have a mine build-out plan done by 2025 and if that all goes well I probably wouldn't expect any actual mining going on there before 2027. Everything is still contingent on getting the financing done, but I'm expecting good things to happen in that regard after the permitting is in hand.

If You weren't aware they recently acquired 100% of a property in Quebec called Duparquet. This is a property that has had a lot of exploration already done there and it's my understanding that there are target areas there that may be mined fairly soon. Dan has talked about it with no real specifics on some of his recent videos when he spoke about Duparquet, so they seem to be looking at the possibility of doing some mining there in the not too distant future. Dan hasn't elaborated on when it could be, but I think they're looking at it as a way to get some revenue going. I think they're currently working on the gameplan.

I hope to speak with Dan maybe by end of this month and that will definitely be a question I have for him. Duparquet adds 40% more gold reserves to the FMG holdings, so this was a major addition to our portfolio, but like everything else we're not getting any credit for it from the share price side.

If You haven't read anything on Duparquet I suggest you check out the PR's on the company website and also go on UTube and check out Dan's last 3 or 4 videos about that property. IMO we got a VERY good deal on it, especially for what we paid.

I can't see the miners making a serious move higher until the gold price breaks out above the old highs, but we may not be that far away from happening now. IMO 2023 will be a great year for the PM sector.