IMO this nationalization thing could be more of a timing issue for FMG shareholders than anything else. As I said in a prior post, how can the Canadian government nationalize a mine/s that haven't been built yet? Nothing is coming out of the ground before the mine is operational, so I suppose they can nationalize the gold in the ground, but that really doesn't help them. They need the gold to be mined and refined already. Once that process happens then the story changes.
We know the Lassonde Curve theory says that a big move in a developing miner's share price growth comes after it gets permitted, financed, and a mine construction plan is completed. I can't see all that happening before a 2026 timeline, but when that all finally gets done our share price should be much higher from where we are now.
My point is that prior to the first shovel full of dirt being turned to build the Springpole mine it stands to reason our share price should be a lot higher from where it is now. If mine nationalization becomes an issue in Canada going forward that might change the story for all mining going on there, but I would think that problem to fall on the PRODUCING MINERS, not the miners yet to construct their mine.
Such a move might cause FMG to change what their plans would be, but that would most likely be after a mine construction plan was already made. JMO
Does that make sense to you?
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