I believe it should be very clear to everyone now the gold price has broken out to the upside, and as You noted, there will be backing and filling along the way. That's a healthy thing, but the blue-sky potential now for a big move higher in gold and silver has finally come. IMO this is the event most of us have been waiting for what seems forever and has now changed the landscape for the miners. This is, of course, macro in nature for the sector. A rising gold price should raise and bring attention to ALL the Players in the sector. Another factor we've not seen in a very long time.
I think we can agree that the specific milestones coming for FMG are very significant for our share price. Those you listed are important for sure. IMO the most important UNKNOWN is how will FMG financially fund Duparquet and Springpole moving forward? Specifically, do they want to do a JV deal or partnership with another outside party or is their intention to keep at least one or both of those properties in house? By in house I mean doing some sort of merger with First Majestic.
I would expect those decisions to possibly be set now or to happen in the very near future. Any potential outside partners know NOW that a higher gold price is inevitable and the price for gold/silver resources in the ground are only moving higher. I would expect any potential Suitors for some of our assets to be moving to do a deal no later than the end of 2024 or Q1 of 2025. IMO the longer they don't get a deal would indicate to me they want to develop our properties ourselves. That's strictly a guess on my part, but it makes sense to me.
How do you see it?
