RE:Growth rockhead7, it appears that you have followed the Frontline Gold story for a while now - I have read through your previous related posts, and appreciate your contributions to this board. As with most opportunities, timing is everything. Frontline Gold has faced a number of similar challenges as many other junior gold explorers have, over the past number of years. But it appears that Walter Henry's commitment, foresight, and perseverance, has put Frontline Gold in a position not only to survive, but thrive - FGC now seems poised to make some hugely positive moves in 2021.
Walter has demonstrated his commitment to the Company and to shareholders, by continuing to make key acquisitions of quality assets (for very favourable terms). He has managed to acquire a number of prospective projects in favourable jurisdictions, at a time when the underlying assets of these respective projects (namely, gold and copper), are set to continue increasing in value over the coming years.
I applaud his ability to cancel 14,379,688 shares from their outstanding total, thereby minimizing share dilution. I also applaud the recent sale of their Red Lake Net Smelter Royalties to EMX, in order to raise funds. According to their December 8, 2020 NR:
The net proceeds from the royalty sale will be used to fund continued exploration and development activities at the Company's Ontario and Quebec properties, drilling at it Menderes Gold property in Turkey, funds to complete additional property acquisitions and for general working capital.
I'm really looking forward to the results of the high resolution heli-bourne magnetic survey of the Route 109 Project and Maple Gold / Agnico Eagle JV Douay Gold Project. From their November 13, 2020 NR:
Toronto, Ontario - TheNewswire - November 12, 2020 - Frontline Gold Corporation (TSXV:FGC) ("Frontline" or the "Company") is pleased to announce it has jointly retained Prospectair Geosurveys Inc. of Gatineau, Quebec, to complete a high resolution heli-borne magnetic survey of the Frontline's Route 109 Project ("Property") and Maple Gold Mines Ltd. ("Maple Gold") Douay Project. The Property is contiguous to the Maple Gold and Agnico Eagle's consolidated joint property package (see Maple Gold press release on October 8, 2020 and Figure 1 below). The high resolution heli-borne magnetic survey, a total of 2,569 line-kms, will incorporate the total survey distance of the Company's Route 109 Project and the north eastern portion of Maple Gold's Douay Project. A total of 1,611 line-km will be flown for Frontline's Route 109 Property
Frontline Gold has many irons in the fire. It is inevitable that they will have to raise additional funds in order to advance meaningful development of their assets. The questions for me are how they will go about doing this, and which asset(s) they will focus more attention on, in the near term. But given everything that Walter has been able to achieve during a tough stretch for junior gold explorers, I believe he can continue to make positive moves that will ultimately benefit all shareholders. And Walter is the largest shareholder with over 23 million shares owned by him.
GLTA