FDR and the Louisiana Purchase?Thanks to CEOCA_James for posting Colin Padget’s latest interview today. Brief, but it included quite a bombshell. And I don’t just mean hot babe Amrit Gill as our leader’s interviewer. (Guess by now I shouldn’t be surprised Padget remained as calm and proper as Clark Kent in her presence, striking a blow for family values while he continues to transform shareholder values.)
The bombshell of biggest impact for us Founders bulls is the incidental mention by Padget that FDR may be acquiring more property around Antino. Now, I’m going to make some assumptions here, but we all know I do that every time I post. Discount them as you see fit.
For starters, I suspect Padget would not even be talking about acquiring more adjacent land if we weren’t very close to a deal already. Not being a real estate wheeler-dealer myself, I rely on my experience with some of the operators I’ve gotten to observe up close in my life. They are quite low-key and secretive, especially at the commercial level.
And for good reason. Real property is not fungible like a board lot of Tesla shares. Location is everything – especially if there is plentiful gold underneath. The satellite photos of Antino seem to indicate artisanal activities to the north of our property that rival our own in scale. So, yes, that is property we definitely should to buy.
Fortunately, Founders ought to have the pole position in any race to buy adjacent land packages. What seller would turn down shares of FDR in favour of shares of some new, possibly undercapitalized, overly diluted or poorly managed explorer trying desperately to start a near-ology play?
I assume owners of raw land *must* tend toward conservative investment biases, as they are the ultimate long-term holders of illiquid assets. Their time horizons stretch into their future generations.
And even if we had to pay up steeply for property along trend to the north and northwest of Froyo, the impact on our buyout price might be several times greater than any dilutive effect. As I discussed previously, Chris Taylor was able to completely nail down all property surrounding Dixie, and Kinross was suitably appreciative. What gold major wants the headache of having to possibly cooperate and coordinate with another major, as both develop what is essentially the same discovery?
If we can quickly pull some rich cores from an extension of the Froyo zone outside of our current existing land boundaries, imagine what that might do to our estimated resource scale? I think a doubling is the bare minimum impact. It would be the same Froyo expansion effect we’re already witnessing, possibly on an exponential level.
Thomas Jefferson cemented a young US Republic’s dominance over North America (and its place in history) with his Louisiana Purchase. Will Colin Padget cut a deal that similarly super-sizes Antino’s place in the annals of spectacular, world-class gold deposits? And one that puts Suriname fully on the map as the planet's best gold jurisdiction while he’s at it?
So much FDR news potential over the next few days and weeks! All while spot gold prices dance closer to $2,200 by the hour. Speculative investing doesn’t get much better than this.