On the company presentation it has early 2023 as the time for the Springpole permitting to be completed. In all honesty this gold bull market maybe over by then. I've read different pundits say the gold bull maybe over by 2022. That's debatable, but you're making a great point. The Springpole permitting, barring any problems, is still far away.
I see that as good and bad. The bad is the wait of course, but as I have said during that time we're definitely going to see the gold price move to much higher levels. We don't know how high it will move, but a double from here isn't out of the realm of possibly IMO. Even a double would change the whole complexion of what FMG has sitting in the ground. They will continue to find more gold and up the resources in the coming years.
IF our Management isn't interested in partnering or doing a JV with Springpole it won't matter anyway. That property will be off the market and they'll want to mine it themselves. If they find more significant gold reserves at Goldlund they may want to do the same there.
If they are open to partnering Springpole then like I said the question I would like answered is when would a partner commit to come onboard? Sometime before the permitting is completed or after the permit is in hand? That's the million dollar question that needs answering.
That key may lie in how high we see gold run in the next year or so.
It may come to a potential suitor willing to get in early and lock-up some of our properties. Early bird gets the worm deal, even without a permit in hand.
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