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FURY Continues to Expand Eau Claire Gold Deposit with CEO Tim Clark · Financial Survival Network

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  Because our plan is to hopefully get to two million ounces by year end is
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  our goal. We got these three out, we've got to wait a little
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  while because we've got that gap. You know, we've got a strong balance
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  sheet right now. We've got twelve million in cash and the treasury, and
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  you know we've budgeted to end the year with six million hard dollars in cash.
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  The Financial Survival Network now more than ever, the Financial Survival Network.
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  And welcome you are watching listening to the Financial Survival Network. I'm your host,
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  Kerry Lutz. Hey, we're bringing you a sponsor update from Fewery Gold
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  Mines. And of course CEO Tim Clark and Senior VP of Exploration Brian Atkinson
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  are with us. And hey, good news today. We got the first
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  three holes results of the first three goals of the twenty twenty three drill program
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  today and I knew you are encouraged. Yeah, carry that. We're glad
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  to get them out. Um. Look, we try to kick off our
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  year a little early this year, and we thought we got ahead with our
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  financing, got out into the field early, and then of course these Fords
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  fires really sort of set us back. But we got three three drill holes
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  that we put out today. You know, it's our it's on the hinge,
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  which is what our big focus has been, and we're trying to extend
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  it out a little bit as well as do some resource drilling because our plan
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  is to hopefully get to two million ounces by year end as our goal.
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  And uh so we got these three out, We've got to wait a little
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  while because we've got that gap. We lost a month. But Brian can
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  talk about you know what kind of traction we're getting right now, which seems
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  to be really good. And you know, our focus really this year is
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  about discovery, a new discovery, and we've we've we're going to hit the
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  ground with this these anomalies that we've got out on the eastern side of Percevale
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  as well as Percevale. So we're excited to be in front of what we
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  see as four to five months of droll results. Hey, so, I
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  know when you came on as a CEO, you expect to face challenges,
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  you expect to have to put out fires, so to speak. But you
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  bet you literally thought you were going to be fires, did you. Well
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  no, uh, it's um you know, unfortunately, So what's what's what's
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  happened in the world these days, you've got to be prepared. We were
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  fortunate not to be too close, but we you know, our thoughts go
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  out to all those who were and you got to live your own sort of
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  day. And so we're back at it and another hurdle. I think.
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  Let's hopefully they've got them under control and there's not gonna be a problem for
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  the rest of the year. As far as the last years, you're right,
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  Um, look we've had We've had to dig ourselves out of a hole
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  in terms of financing. We've done that in spades. We've got another year,
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  a good program set up in front of us. We had a nice
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  hit at the Perceval and the last year that I think is going to tee
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  us up. And you know, we've been advancing ourselves in terms of our
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  relationships with some of the producers, working with Newman and the joint venture,
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  trying to figure out, you know, the best course of action there as
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  well as you know, leading into you know, advice and partnerships with Agneco
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  who owns two and a half percent of us. And you know, we're
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  trying to build a company here and it and it takes a lot We've got
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  our cost them almost fifty percent since I started, So um yeah, and
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  I think we're we're doing better than ever we our optionality. We just had
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  a board of directors visit up to site last week, and I think that,
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  you know, there's there's always risk in this space. Uh, it's
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  funny. I just don't I don't feel like it's that risky because we've got
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  a path in front of us and we've got a lot of options. You
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  know, Dolly Varden is still a potential takeout. They've got four or five
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  drills going to summer. So you know, some people said, you know
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  you're you're not drilling, and I said, well, actually eighty percent of
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  our market cat is drilling and they've got four or five drills, and so
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  you know, we're excited to see what they have to say. What I'm
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  hearing is is positive and m and then we've also got potential to really shore
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  up. We've got a persevale. We've got potential to hit what I think
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  could be two million ounces by year, and is the hope. We don't
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  we're not going to guarantee it obviously, because we still got to figure out,
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  you know, where all the gold is, but I think there's a
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  path to get there. At the same time, we've got potential for new
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  discovery in these anomalies on our property. And you know, we've got a
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  strong balance sheet right now. We've got twelve million in cash and the treasury.
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  And you know we've budgeted the end of the year with six million hard
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  dollars in cash after all project drilling. And I think that's a big plus
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  for a junior company, oh for sure. And you've got the optionality with
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  the dollar of Arden's Steak as well to leave you in twenty five percent of
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  Dolly Vardon. And so you've got a lot of a lot of possibilities here.
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  Hey, Brian, tell us the results, how it conforms to your
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  model, and as far as continuity of results from prior years and what if
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  any changes of the current results will lead to Yeah, perfect, No,
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  These first three goals have really helped us solidify the plan for this year.
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  We've proved up the continuity of our model. We've stepped out additionally, we've
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  some with two of the holes, and we get some intil with one of
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  the holes. Our grade our model that we've got of our veins going out
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  there we're hitting nineteen veins and two corridors that are coming through, and as
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  we're drilling these, we're like, oh, you know, at that bench
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  be coming in it five hundred and five meters and you know, most it
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  is coming in it, you know, a meter or two off of that
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  with our model. So we're really good on that, and it's really just
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  helping us that, you know, drive forward with confidence on on the old
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  Claire drilling at the hinge target so that we can you know, we can
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  focus a lot of our geological brain power looking out at Percy Vowel and some
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  of the targets out there looking for a new discovery. So with a clipbook
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  player behaving so well and and conforming to the model that we've done, it
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  lets us, you know, take that step back from the hinge while still
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  obviously focusing and giving attention it needs, but you know, giving giving Percy
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  vllel a lot of room to run with us as well. Yeah, and
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  you got some you got some nice grades there too. Yeah, it's good
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  grades. So what's really interesting as we go into the end of some of
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  these wits, like we're getting grades above cut off over fourteen, you know,
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  six, six, meters to fourteen meters. They're all above cut off
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  with some higher grade internal intercepts within those, so we don't see those kind
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  of widths within the main part of the deposits. So we're really encouraged there
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  when we you know, we looked at the western side of the hind,
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  we've got really good wits and on the eastern side. You remember from twenty
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  twenty one we were drilling you know, yell eleven and a half grams over
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  seven meters and twenty three grams over six and a half meters out there,
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  right, So it seems the PERP praise where we've really stepped out. We're
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  starting to see some really wits to the mineralization that are holding together, which
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  is really encouraging as we keep stepping forward and trying to grow this right.
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  As far as the fire related delays, I know, it's such a back
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  a few weeks. What are you anticipating for the entire drill season. Is
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  it going to be a factor or not. Well, you know, obviously
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  it was a concern when we were going back in, but our drill contact
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  has been just absolutely ripping it the last two weeks. I'm just actually coming
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  out of from being up on site two for the last two weeks. And
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  you know, we're getting our meter per day average back up to uh to
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  where we are in our target goal versus our actual goal of meters. It's
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  going to be crossing here pretty soon. So even though we had a four
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  week delay, I think, you know, we're going to be catching out
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  two actual here pretty quickly. The way the guys are drilling right now,
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  all right, Well, that's what we like to hear. It's like when
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  the plane takes off late. You always want to hear that cap to say,
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  worry, get there. Oh it's it's uh, it's amazing carry.
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  These guys are are crushing right now. And I think it's you know,
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  there's such a learning curve when you get up and you get a new you
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  know, a new crew with fresh as the season, or an old crew.
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  They've got still got to get it fine tune. And Brian's been a
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  camp for the last couple of weeks, and I know David Voar was in
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  Camp three for the three weeks prior to that, and uh, these are
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  our two key guys and they're they're on the administrative corporate side of things.
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  You got a new chairman and and he brings a lot of experience and another
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  Brian for me to keep track of here. Yeah, we got Hyeah,
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  Brian Christie and Akin. So Brian Christie is our new new new chair He
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  joined the board last winner and uh we moved him into the chair position in
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  the spring. He comes from eight to ten years of working with Agnico Eagle.
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  Prior to that he was a cell side analyst for many years, and
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  before that he was a banker. But he's a he's a geologist by training
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  and I used to work with him at National Bank about fifteen or twenty years
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  ago. We remained extremely close and good friends and compared my My sort of
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  interest in having Brian step up was really he's got a real great understanding about
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  um investment banking. We needed that on the board, plus his institutional knowledge.
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  He's really walked around with Seawan Boyd at a Nicoegal around the world the
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  last eight to ten years and met every even or public manager in the world,
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  and he was ranked one of the top I R guy at at Nicoligo
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  probably for the last half years. I's gotten many awards for that and it's
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  a good sort of even keeled guy that I think investors would be happy to
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  have setting strategy and and and sort of overlooked. I um, he's also
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  chairing the technical committee, so maybe Brian, you want to comment on what
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  you think. Yeah, he's definitely been a great a distance to the team
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  and uh he he doesn't let us off the hook easy, so he grills
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  at us hard. We just had the most of the board with a deception
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  exception of Saga Williams. The rest of the board was up on site the
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  other week and yeah, there was some hard questions coming to those guys.
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  So it's it's really good to see and he's a great out to the board
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  and having that technical oversight on the technical committee as well is really really nice
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  for us to be rolling through and we can learn from him and he's seen
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  a lot more deposits and you know, any of us throughout his career,
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  so it's it's good adding that experience to us. So too, on the
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  institutional side, which we've been in a market really dominated by institutional interest,
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  retailers are still stoic. They're indifferent, to put it charitably, Well,
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  liston goal prices still remains high. It's just it's the interest in the equities
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  that I think has lagged. Um, you know, I think everybody's waiting
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  for the FED to ease on rates. And we'll see when the really knows
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  for sure. But we're whole full. We think it's going to happen.
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  It's it's inevitable. Um. And with that in mind, I also I
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  look, I've been in this industry long enough, uh to see a couple
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  of cycles, and you want to buy at the bottom of the cycle,
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  at the best companies that are there. And what we've tried to do is
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  position ourselves to be that company. We're one of the few US listed junior
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  names as well. It's definitely adds to our our workload. But but we
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  feel that when the market turns, um, you know, we're gonna we're
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  gonna get the additional US interest that's really going to push the stock a lot
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  higher and a lot faster. And um, so we're ready. We're we're
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  kind of you know, I think we need a little luck at the drill
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  bed like everybody, and uh, we're often running yeah, well, hey,
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  you live or die by the drill bit. As somebody once told me
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  a wiser person than I And obviously this is the track. So one final
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  question, Broight, So two rigs going one on Purse of All. Just
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  refresh us a little bit on Purse of All. Where we were at as
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  of the end of the last drill program in twenty twenty two. Yeah,
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  I know, we uh, we had really good success out there in twenty
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  twenty two. You've got five holes we've put into the Purse of All main
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  part of the Personell Marlee system. They'd all hit really good grades and obviously
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  we had the last hole out of there with thirteen thirteen a happy years it
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  just over eight grams. So obviously that's been our focus early on following up.
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  We're just finishing up the third hole out there to start off the program,
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  and then we've got four holes completed since our return from the forest fire
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  breaks there at Eau Claire, So you know, we've got seven holes kind
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  of starting to make their way through the lab and it should be pretty exciting
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  time throughout the rest of the summer and into the fall here and the labs.
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  All the delays or the bulk of the delays are behind us now,
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  correct, It does seem that way. Yet we were even able to you
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  know, get some samples in one priority run through and they look like they're
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  progressing nicely through there. So yeah, overall we're down to three or four
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  week turnarounds all in at the lab. So it's nice. That's great.
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  I guess they decided they had to get back to work finally. And just
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  like you go to the supermarket and the pharmacy, you're not seeing huge gaps
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  on the shelves, the same thing with the labs. They're starting to actually
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  produce. That's a good sign. Yeah, listen, it's all coming together.
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  You know, everybody's had a nice summer probably and then but it's coming
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  going to come to close the next three weeks, and I think it's going
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  to be a really interesting fall. All right. Well, we're into interesting
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  falls for sure, interesting results and a very encouraging drill results here for Fury
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  Gold Mines. Make sure you go over to their site Fury Goldmines dot com
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  sign up for notifications so you will get the latest drill results as they're released.
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  I know I'm holding by shares in Fury, hoping for a major run
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  up soon. We're getting to that seasonal time of the year where where the
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  sector will normally go up on its own. Hopefully this time won't be different
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  than any other. I doubt that it will, maybe maybe less different than
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  the will the others. Hey ticker symbols US and Canada. Fury fu ry
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  gentlemen, Tim Brian, thanks so much for coming on. Jerry, It's
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  great to see you again, Doctor Say thanks much. Scarry Yea, the
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