There's no doubt the Chief understands and is most likely extremely excited at the prospects of not only a mine at Springpole Lake, but also in the district areas around the Springpole mine site. That ensures the money stream coming to the FN tribes and Cat Lake will last for a very long time. This will be generational wealth for them, so they don't want to screw it up. They want to negotiate all they can get out of FMG without killing the goose that lays the golden eggs. No pun intended.
As You say, that will take a collaborative effort from the three parties involved. It will happen because for Cat Lake, it HAS to happen. This deal is their future, plain and simple. So, IMO after they go through with their EA plan, approval from them will be given, because their lives depend on it. Ontario and the Canadian Feds will be easy.
IMO Dan's biggest focus now should be creating a real revenue stream out of Duparquet. Acquire permitting to begin digging into those old tailings areas that still contain enough gold to truck somewhere close to be milled. That might be a good shot in the arm for our share price. If we can raise enough cash out of such an endeavor that could stop or at least slow down our share dilution issues.
There's always been concern here about the Company being taken out by bigger players. The feedback I've gotten from Dan and Paul is that if we were approached as a takeout target that there would enough shares in STRONG HANDS to fend off such an event. That may be true, but the way I see it that may depend on what takeout price is offered. What would the strong hands deem as a fair takeout offer from where we currently are price-wise?
I've stated here on many occasions that our biggest ace-in-the-hole is Keith and First Majestic. Why? Because IMO Keith wouldn't allow FMG to be sold for a song. If we got a low ball bid offer for the Company, my gut tells me we would get a better offer from First Majestic. I also think if we don't get the deal most of us expect for an outside JV partner or a valid buyout offer from a bigger player, then we see some sort of merger or buyout from First Majestic. I definitely see that as happening.
You may have more insight as to how you see what goes on after we get Springpole permitted, but IMO we're going to be in a very good place, especially if we continue to see the gold price march higher. We should at that point be perceived by the Street as being in a position to ask for higher valuations, not just be flying in the wind as we are now.
AI
