Blackrock are not buying because they are a benevolent...

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daicosisgod

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24/07/24

12:04

Post #: 74891562
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Originally posted by damosid88 ↑

I attended the MMC function last night where Steve Parsons presented. Very compelling story continuing to unfold. A couple of key points. Blackrock have been buying on market. FFM will have a joint listing on the TSX in November as there is so much north Amercian money looking to invest. They've only drilled 20,000m of a planned 100,000m program so far! The vrify modelling they have now to aid drill planning has been a game changer.Steve is very confident of making a new discovery at the regional targets they acquired recently and news will start to flow from the new regional targets in the 4th quarter with geophysics underway soon near mine and regional targets. Four drills pounding away at Green Bay with news flow from drill results coming every two weeks he suggests. They will have news out on a decision on what they will do with Pickle Crow before the end of 2024 and in no rush given the strength of the gold price and how busy they are drilling at Green Bay and getting geophysics underway near mine and regional targets plus the resource update coming in Q3.

He did mention expect a transaction with Pickle Crow but said that doesn't mean a definite sale as they are looking at various scenarios. Obviously, he can't front run what they are going to do but imo, a sale and joint venture type of transaction are both on the cards. Either will be favourable because it will bring cash in the door that will be poured into drilling/enhancing Green Bay and they regional targets (he is just as excited with these as he is Green Bay). He wanted to get investors to focus on the vrify modelling that he showed and spoke about these as to why he is even more upbeat about Green Bay's prospects and he also emphasised that investors should look at the slide in the presentation where he compares Green Bay's potential with McIlvenna Bay (Foran), Cobar (MAC) and Ernest Henry (Evolution). The strategy is simple - they are using the same playbook they used at Bellevue Gold and applying it at FFM. Highly anticipating the two resources updates to come out in Q3 this year and Q2 2025.

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Blackrock are not buying because they are a benevolent organisation. They are ruthless and money hungry. They are in FFM to make serious, serious cash.

FFM Price at posting: 84.5¢ Sentiment: Buy Disclosure: Held
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