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SeaBlue

06/21/24 2:20 PM

#19396 RE: sonic75 #19393

I agree with your concerns and hope that some of the darker possible scenarios looming on the horizon dissipate.
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Implanting

06/21/24 5:03 PM

#19397 RE: sonic75 #19393

This is my take on your concerns.

First of all, the Great Reset is something none of us have any control over, that's being orchestrated behind the curtain by the Powers That Be.

So the average joe, like us, have no bearing whatsoever on how or what the Great Reset does or may mean. Does the Great Reset mean governments issuing their various fiat monies go away? I don't think so, but it may change form like to CBDC and a future ban on cash. IMO the Great Reset is probably going to usher in MORE government control. We've talked about all this before here.

I believe the impeding chaos created by the Great Reset will be very beneficial to for both gold and silver, probably commodities in general. Change is disruptive and we're coming to a point in time where we should see a lot of change. World power is shifting from the west over to the east and most insightful people have already figured that out. This is a process and takes place over time UNTIL the old world power abruptly falls on it's ass. IMO we're going down that road right now. Maybe the Great Reset is when the dollar finally collapses, and a new monetary system has to be set up? Just a guess on my part. Maybe it's the result of the next world war, like what happened in WWII?

What's historically caused these big changes/resets? The old world power abuses it's power and in turn the rest of the world loses faith in them. The reserve currency status of the dollar is clearly being eroded and dumped by many countries that used to hold it as their many asset. Our debt is crushing everything we have going for us moving forward and no one in government really wants to address the problem. We may see some deflation coming in the near term, but in the end we'll have runaway inflation coming. You want to be out of your dollar fiat before that time comes.

This is my take on the nationalization issue. Like the U.S., Canada has a lot of problems and they have NO gold reserves to fall back on. That could be a problem down the road. Having said that can Canada nationalize a mine that hasn't been built yet? Without having researched the subject, I'm not sure how that would work, but if there has been no gold removed from the ground, how can the government nationalize it? I believe nationalization of any gold would occur AFTER it's mined and refined. The government takes it's cut after that process is how this works is my best guess.

The big money to be made in our shares will be AFTER we get permitted and financed to build the mine. IMO that may be before any future mine at Springpole for example is ever built. I.E. if we get Springpole permitted and financed by say mid 2026, I expect that to be the time that our share price would take off. That's the Lassonde Curve model, not me talking.

If the world falls apart before that we'll see, but most of the money made by FMG shareholders IMO will be made prior to Springpole mining for gold and HOPEFULLY before the government can nationalize a mine that's not yet in operation.

If what I explained is correct, then we should be fine. Barring Dan fucking something else up.
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SeaBlue

06/22/24 5:56 PM

#19406 RE: sonic75 #19393

I did some minor internet searching on mine nationalization and in the developed countries it is less common than I thought. Not saying it won't happen, but my brief look gave me some encouragement that it won't happen or won't happen to the extent I thought it could. Of course, world war could totally change everything. Let's hope that does not occur.