Thank you for that excellent response to my questions. You actually answered some questions that I didn't ask. Like how much would this road cost to build?
$117 million isn't chicken feed and I'm sure most of that revenue would have to come from the money earned from mining gold AFTER the mine is operational. The Canadian government or FMG doesn't have that money available at this point and Chief Wesley has to know that. This road can happen for them, but the sooner they come to an agreement for the mine to be built, the sooner their road gets built. The Chief has to know that too, this isn't rocket science.
From the article You posted it would appear they have other infrastructure needs and issues also. It talked about an airport that hasn't been built to date and is five years overdue to be built. The best thing that could have happened to Cat Lake is for the Springpole mine to be built, it will change their way of life there for the better. The Chief knows this and IMO is why he wants to stay on good terms with FMG, BECAUSE IN REALITY HE WANTS THIS MINE TO BE BUILT TOO. Cat Lake stands to be a big winner in the grand scheme of things. This all comes down to a big negotiations event, which is nothing new in building mines. Like You mentioned before, I would like to have them bring Steve Lines
in for a webinar after our final EA is submitted this Summer.
I was also wondering about how the Cat Lake EA study, funded by FMG, might affect the overall EA timeline, but from what I can tell their study should be completed in Spring 2025, before the government approvals are given, according to Dan in this last webinar, in the second half of 2025. So that shouldn't be an issue one would think.
IMO the long-suffering shareholders of this Company have been patient and deserve a nice reward at some point, I HOPE we see that in the next couple of years. As I said, I believe in Keith and I think he wants that to happen for us all, but if the overall stock market dumps going forward, then I would expect our share price to suffer too. I'll add more shares on future weakness. I have very little confidence in the Company being able to support our share price in a bad stock market. That's more of a macro problem going forward, but it can definitely effect our share price and we all know the cheaper the share price the more stock dilution has to happen. No one wants to see that.
AI
