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GFG ResourcesBob Moriarty I’ve read that in 1929 the money in the DOW for mining stocks and related shares was about nine percent. It is now under half a percent. The transition from paper assets to real assets is going to offer investors one of the greatest times in history to invest in a sector. We are at the most important turning point in world history. There is an epic battle going on between the forces of evil led by the Davos crowd, Klaus Schwab, Bill Gates, Soros, Fauci and the mainstream media and on the other side the 99% who want freedom from government overreach. Klaus Schwab has made it crystal clear that the 99% are to be turned into slaves by 2030. He also makes it clear that he has infiltrated his own fifth column into the governments of many countries including Canada, the US, New Zealand and many others. In the US we now have fake news, a fake president, fake elections, fake money, fake trials, fake doctors, fake schools and a vast percentage of the population asleep at the wheel while their freedom has been stolen. You cannot have an honest financial system without honest money. Nixon started the snowflake landing in August of 1971 that will result in the greatest avalanche in history. He broke the US financial system’s link between paper and real money. Now with the incredible sanctions laid on Russia for daring to demand safe and secure borders, we have killed the world’s supply chain beyond any hope of fixing. At the end of the day when the bond market crashes (who really thinks you can stop 7.5% inflation with 2.0% interest rates?) when the stock markets tumble around the world and the US dollar is about the same value as a piece of used toilet paper, people will begin to think about resources. In the short-term ahead, if you can’t hold it in your hand, it doesn’t really exist. Shares of resource companies will survive just as did Homestake Mining during the Great Depression. While I write about individual companies I like a lot, the fact is that there are hundreds of good, well run, quality companies selling literally for pennies. That will not last for long when the financial system collapses, as it will very soon. I like GFG Resources (GFG-V) a lot. They released excellent drill results recently from their key Montclerg Gold project forty-eight km east of the famous Timmins Gold Camp. Intercepts included 4.82-g/t gold over 26 meters and 11.29 g/t gold over 1.7 meters. So far they have only released four of the fourteen holes in their inaugural drill program but they have 10,000 meters planned for 2022. Look for more drill results to come out shortly. In late February the company announced an agreement to spend $1 million to purchase an additional 6,500 ha of land immediately next to Montclerg. The deal is a little complicated with other portions of payments so investors should read the press release for all the details but basically GFG likes the position enough to add to it. The agreement for Montclerg calls for GFG to issue an additional $1 million in shares over the next two years and to spend $1 million in exploration. This is in addition to the 7.4 million shares already issued valued at $1 million and $1 million in assessment credits to be transferred to the vendor. GFG has other gold resources in the Ontario region and I won’t go into detail on the Pen and the Dore projects because I don’t see it adding any illumination. There are far more details on those projects here. My favorite project of GFG is the Rattlesnake project located in Wyoming. Quinton Hennigh and I went to visit the project in October of 2008 when it looked like the world’s financial system was about to collapse. We got to the project just in time to see inches of snow fall on ground that Quinton assured me had a lot of gold under the snow. I had to take his word on it. Last April GFG signed an agreement with Group 11 Technologies to advance the project. Group 11 is private for now and has the right to acquire up to 70% of the project. Group 11 is committed to spending $9.5 million USD in exploration expenditures with 100% of the holding costs and to cover all expenses to advance the project into commercial production. They will issue common stock in Group 11 up to 9.9% on a fully diluted basis and provide a cash payment of $7.5 million USD. I liked Rattlesnake from the first time I saw it but it’s a giant project and giant projects require a lot of money to advance. I was thrilled to read about GFG coming to a deal to production. GFG will have important news soon. Stay tuned. GFG is an advertiser. I have participated in past PPs and own shares so naturally I am biased. Do your own due diligence. GFG Resources Inc ### Bob Moriarty 321gold Ltd |
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