TommyJ, I would like to welcome You here to the board and after reading your very detailed post I've come to the conclusion that you are very well informed about what's going on with FMG. That's good, we're looking for shareholders IN THE KNOW.
If You go back and read some of my old posts I think you'll find that I've made some of the very same calls you have in your post. I won't bother listing them all, but we're pretty much on the same page. The Cat Lake saga is IMO just going to come down to negotiations and who's paying for what needs to be built for Cat Lake after all is said and done. The Cat Lake Tribe has to in no uncertain terms know that no roads get built until AFTER they agree to the mine being built and IMO until after the mine is up, running, and bringing in revenue. How else would their road be funded? Unless the Ontario and Canadian gov. have the money to start the work. My guess would be that ain't gonna happen. IMO the Chief at Cat Lake is upset because the Ontario government isn't doing what he wants them to do. Is there any validity to that question?
I would also add that Paul in IR told me FMG didn't require the approval of Cat Lake to build Springpole. That approval is given by the national and provincial governments, so although it would be our desire to have Cat Lake's blessing to build Springpole it's not necessary to have. Any comment about that?
You've done your homework on the EA process and say that there's nothing significant the Company hasn't addressed. My question to you is why isn't the final EA submission already completed then? Why are we waiting for that to happen this, Summer? If you know the answer, please elaborate.
What has been very frustrating for me and other shareholders is that the final completion of the Springpole permitting has become a moving target that Dan doesn't seem to have a firm handle on. I understand Covid played a role in the delay, and they totally reset the permitting strategy when Steve Lines took over, but still the permitting timeline continues to get longer. Every time Dan does a webinar his timeline on Springpole final permitting is longer than the prior time he talks about it.
I bought shares in this company simply because Keith N. is behind it. I put faith in his ability to build mining companies and he's got a pretty damn good record of it from his prior endeavors. As for our share price, I'm not thrilled at all to see it down here and it wouldn't surprise me in the least to see it get even cheaper in a bad overall stock market. In fact, I think that's a very good possibility going forward. We NEED them to get this starter mine at Duparquet up and running to create some revenue. Let's see if Dan can make that happen.
