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Re: SeaBlue post# 17531

Saturday, 11/26/2022 6:04:17 PM

Saturday, November 26, 2022 6:04:17 PM

Post# of 19842
Thanks for posting the Crux interview.

Some of what I took from what Dan said was that they still have plans to move forward with the drilling around Springpole. He made the comment and I remember him saying this before that they want to show POTENTIAL STRATEGIC PARTNERS (I believe that to be Barrick) that there's district size deposits around Springpole and not just what's at the Springpole site. That's why we made all those deals with the smaller land holders around Springpole last year.

I totally agree with Dan that we need to expand those areas to get a JV deal or partner if that's indeed where they're headed, but even if that didn't happen it also insures a much longer mine life at Springpole anyway. We know it would have to be done anyway.

What he said about Duparquet is really exciting. We have multiple strategies we can take there. First of all there's a lot more gold there than I think anyone is giving it credit for, so when I think they can get a little better handle on how much more gold is there we'll be in a very good position. Second, Dan mentioned the other mining entities that are around Duparquet, I believe he said Agnico had a mine close to Duparquet, so there may be some sort of deal to be struck with them going forward. Acquring Duparquet was an excellent move on their part and now we just have to leverage what we have there to our advantage.

Keith is going to make this work one way or another. I believe that it's going to happen. All we need is just this move in the PM markets to do it's thing. As Matt said the Green Shoots are there and the investor's are looking for the companies to put their money into. I don't see a better positioned Company than FMG.
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