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Re: jsc52033 post# 311

Wednesday, 08/23/2023 5:36:08 PM

Wednesday, August 23, 2023 5:36:08 PM

Post# of 462
We have a number of options for new mines already identified and the processing as you know is in place. We are sourcing from multiple locations already. Have you checked the cash on hand lately? Our great staff has found additional resources and the challenge is to increase processing capabilities. Yes we have used up some of the low hanging fruit but we continue to find new options for increasing production with low cost pits. We truly have an incredible portfolio of PM resources to manage.

We are still producing the top open pits in the country. How much cash do we need to have in the bank? At this point I am more worried about the Feds raising our taxes and taking higher amounts of our income than running out of gold at FTCO. How are you discounting that probability ?. The Biden DIMS are already pushing for higher taxes and I expect that to get uglier as the overspending reaches new levels of helping themselves to more and more of our income.... How comfortable are you on that front of more corporate taxes and more personal taxes. My state KS has already increased their pounds of flesh. I would be interested on how FTCO might plan to manage that risk given the cash position they are hoarding. I honestly think it's naive to not discount the probability that we are going to see more taxes on both corps and individuals.
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