Soul I know who Bigego is and I know his game. Yes agree soul we now live in hope!! |
Soul agree 100%. |
That’s fine Gimme, the lack of any meaningful response from you is totally what I expected. |
Well there are right answers and wrong ones bigego but we can disagree what those are.
We are both on different sides of the fence but that is gone now. We just have to hope the company can move forward now and have some luck with the exploration. |
You’ve got all the answers Soul has been answering as well |
Big ego
I worked hard today and chopped an old tree in my back yard but unfortunately it wasn’t the one that was blocking the the light 🤷🏽‍♂️ |
Tell you what Gimme. You answer my questions first and then we can move onto yours. |
It’s not easy soul.
There are no right answers nor wrong ones.
I expect the next 12 months will define the situation.
FCM have worked hard to be successful but at present I will acknowledge the share price is poor. I am down maybe 50% but I see a very positive future with the 79th deal.
The board whatever your views have brought these people to the table.
If the company can now reverse the share price action whilst the market around them continues to contract we will see multiple failures and FCM will not be one of them.
FCM could come through this a strong force in a very poor market. |
The problem is bigego by the time we get to a better market the poor mgt through the poor market has blown out the share register and given away more than half the company.
Got to cut your cloth, plain and simple. |
There’s no ‘playing the man and not the ball’ above and the ‘man’ hasn’t answered any of the points I have raised. |
So why are GT resources playing it safe, which if you read their news releases they aren’t, they are just spending the treasury on projects away from Lake Superior.
You acknowledge then the market is poor then?
I know exploration is very high risk. My comment was in reply to you saying the projects are ‘derisked̵7; due to the West Pickle Lake ‘discoveryR17; and the past production at Sunbeam.
Glad we can agree now that the markets are poor and the projects for the likes of FCM are very high risk.
This is exploration.
It’s how it works. Currently the stock is performing poorly in a poor market cycle.
We need to judge them on how they perform in a good market and how they perform with the backing of a major investor who could well insulate from some of the pressures others are facing. |
Exploration is risky for every explorer so why you stating the obvious. Read your own posts you are playing the man not the ball. |
So what have Palladium one done to mitigate risk? Go guns blazing like FCM? No they happy to sit and wait until things get better!! They spending minimal funds on exploration knowing full well they not going to get the reaction they want even with Glencore on board!! |
Palladium 1 now called GT resources got 11M CAD in the bank and we have control over 80sq Km of that block with a lot of significant data that de risks even more!! |
Please discuss, I am purposely not playing the man here and would like to hear what ‘the man’ can say about it |
So yes Gimme even in your very naive world you must acknowledge exploration is very high risk even if you get a sniff of success.
Especially when you haven’t got control over it.
Please also read GT’s comments on poor market conditions.
Which again you don’t seem to want to acknowledge |
 Okay Gimme, indulge me.
hxxps://wp-gtmetals-2023.s3.ca-central-1.amazonaws.com/media/2024/11/28152709/GT-MDA-Q3-2024-FINAL.pdf
Read GT Metals last report, page 8.
They are the operator of the West Pickle Lake discovery that Gimme often refers to. I believe GT have 80% and FCM 20%. FCM are the minority holder and it appears GT are the controlling operators. So FCM have zero control over the activity.
It also seems GT do not have any control either because if you read there quarterly reports due to First Nations issues they haven’t in three years now managed to renew or gain new exploration permits for the Tyko project which includes West Pickle Lake. Hence no action of note for 18 months.
In effect despite the success of the drill bit the project is moribund and given the way Cad First Nations are now funded (Google Robinson Treaty reparations)it is quite likely they may never get these permits. Hence the project albeit high grade in that area (was very skinny and at depth with no chance of being a standalone success) will never progress.
What’s your thoughts on this Gimme. I realise it’s the agenda you often play here reading your past posts.
Tell me what FCM could have done differently to make this currently unsuccessful project (due to permits) a success.
Meanwhile the useless team at FCM (chutes and soup sauce) managed to gain multiple drilling/exploration permits for North Hemlo despite their much longer standing cashed up local neighbours failing to achieve the same.
Can we please acknowledge these points at least. |
High risk ventures 😂 love how these people twist the narrative. At around IPO palldium one sunk in nearly $2M CAD and deriksed the project significantly with significant success with high grade Nickle
Copper sulphides reported . Sunbeam a high gold ex producing mine was purchased so these excuses to cover failure doesn’t wash with me and a lot of other investors. |
Of course that is true to some extent hazl but if 79th grp hadn't been willing to jump in the future of this company and it's shareholders may have been dire.
Any self respecting responsible Ceo doesn't back themselves into a corner in that manner. |
Importantly.
'The Strategic Vision for 2025
As we look ahead, 2025 is set to be a transformative year, with a focus on leveraging the partnership with 79th GRP to drive operational, financial, and strategic milestones. Our goals for the coming year include:
Accelerated Exploration: Focused efforts on advancing North Hemlo and Sunbeam, enhancing geological understanding and supporting a well-capitalised programme of targeted drilling.
Strategic Transactions: Exploring opportunities for joint ventures, earn-ins, and other corporate partnerships to unlock further value from our portfolio.
New Opportunities: Actively seeking promising new mineral properties both within Ontario and globally to expand our portfolio and support our ‘project incubator’ model. With the backing of 79th GRP, we are well-positioned to capitalise on acquisition opportunities that align with our growth strategy and deliver significant shareholder value.
' |
'North Hemlo:
Continued exploration along the “Dead Otter Trend” has elevated it to a high-profile target.
Confirmed the presence of a 3.7km long gold trend, open along strike, with visible gold observed in multiple grab samples.
Highlights include assay results of up to 19.6 g/t Au from grab samples, with additional high-grade results of 13.6 g/t Au nearby.
Structural similarities to Barrick’s Hemlo mine, located 23km to the south, add significant exploration potential.
Exploration permits are in place, and a comprehensive stripping and channel sampling programme has been initiated to delineate drill targets.' |
'This investment is not just a financial milestone but an important step for FCM, providing resources to support corporate activity and exploration efforts across our portfolio while leveraging the global reach and strategic expertise that 79th GRP brings to enhance our opportunities and market impact.'
FCM. |
Soul you might be right about some of your observations, but it seems to me, that it must be very difficult for us to judge.
Those on the ground will have the biggest insight and act accordingly.
You can't please all of the people all of the time.
If they had done as you suggest...people might have been complaining they are not doing anything! |
G79 have given FCM directors an oxygen tank!! |
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