Freegold Ventures Limited T.FVL

RE:fort knox

[GoneBroke]

stockpunter2 - (12/7/2024 7:24:04 PM)

fort knox

• Expected Life of Mine2030

so, "only" 6 years.Correct stockpunter2 > I believe all of us longs are fully aware of the expected mine life of Kinross's Fort Knox Typically , whoever ends up buying FVL will need to begin the process of permitting an open pit mine > this is no small task by any means . It would likely take over one year alone to get all of the necessary engineering and  environmental documentation in proper order before the aplication for a permit can even be made .Once the permits have been applied for > it can take up to 2 years to receive the aproval ( I personally have been waiting over 2 years for a bulk sample permit on another gold stock that I'm invested in Northern Ontatio )
So , if you apply this standard information into the possibility that Kinross is the likely purchaser of FVL , then you'd also want to advance the purchase date an additional year before the end of Fort Knox's mine life to enable Kinross to begin removing the over burden-ore body > in order to get to the gold ore body that will be sent to their existing mill . In other words > I'd personally be expecting Kinross to be making an offer somewhere around 4 years before their Fort Knox mine end life is reached > they'd look pretty dumb if they waited 6 years to buyout FVL and then begin the whole permit process.

The other thing that actually supports this hypothesis is the expansion of our tremendous gold ore body > Kristina W. is doing such an amazing job of expanding the size FVL's gold body for the last 2 drilling seasons that it doesn't make any sense for any prospective gold producer to stop her from delinating / mapping out the footprint of the massive gold reserve .
Again , my personal view here is that drilling will continue until we get somewhere around 40-50 million ounces before a number of gold producers can no longer allow any other producer to aquire this property ( It may likely happen before that many ounces of gold are identified )

All I can say is that FVL is in the drivers seat on this one ... the reward is coming and it will be most splendid > again will the buyout come in at $ 100 / ounce in the ground or $ 200 / ounce in the ground ? ( that's $100 or $200 US dollars BTW )
Futhermore , will it be based on our current 30 + million ounces of gold resource or 40 or 50 or even 60 million ounces of gold resource .
The vast majority of FVL investors have already been here for many years > it just doesn't make any sense to jump ship > as our resource continues to grow exponentially every year