First Mining Gold Corp T.FF

Insane valuation right now

[masah88919]

Disclaimer: THIS IS NOT FINANCIAL ADVICE SO DONT BOTHER CALLING ME A PUMPER

I was an early investor in First Majestic Silver some 20 years ago and the setup right now is pretty much exactly the same as with First Mining Gold, except the negativity in the sector is 10 times that of early 2000's. I remember very well people hating and selling the sector back then but this level of pessimism I cannot recall. Not even during the 2015-16 bear market in the gold price do I remember this level of bearshiness. The sector is completely abandonded right now. Which brings me to the valuation of First Mining Gold which is completely ridiculous right now. I mean you can buy this stock right now for somewhere between 4-6 dollars an ounce. Anything under 10 dollars an ounce usually is unheard of (happened once in 2015-16) but this is getting insane. This is how millionaires are made folks, you buy "when there is blood in the streets" and there is no sector more hated right now than mining.

Regarding the issue with the winter road, believe this is a nothingburger in the bigger picture, which is that they will get the EA permit from the government. The Cat Lake first nation has suffered greatly from all kinds of problems lately like mold in their homes, alcoholism, social problems with opioid addictions etc. The chief has basically been overwhelmed with problems so this is their way of getting a "time out" of sorts. Dan and Keith are expert negotioators so I have zero doubt that they will come to an agreement with not only Cat Lake but all First Nations in the area. This is how the local politics there take place. The First Nations have had so much social issues lately and  they are directing that anger towards the Ontario government. First Nations depens 100% on funding from the government so you can imagine how much they are trying to leverage their position in these things. First Mining's environmental team led by Steve Lines is the best in the industry (he has permitted several similar and much more complex projects before) and you can count on them getting this to the finish line. Keith has also committed to keep financing this company to the end, you can see he has basically bought all of his shares on the open market and private placements.

Keith is also a big shareholder right now in a company called Snowline which has made some remarkable gold descovieries. If I understand he owns something like 50m dollars worth of Snowline stock so I'm speculating right now that he is going to soon reallocate significant portions of the gains he has made there into First Mining Gold stock simply because of the valuation levels. This is also just speculation on my part but since he is CEO of First Maejstic Silver and they just bought a gold mine in Nevada, I'm thinking long term his vision might be to merge these two companies and create a big gold/silver mining company operating in both Mexico and USA/Canada. He even stated in a recent interview that this idea has crossed his mind, so you can be sure First Majestic might create a potential combined company in the future. He has also stated in other interviews that First Majestic is now looking for projects outside Mexico and he sees the future of the company outside Mexico as well (I guess due to potential political risks).

Regarding all of the other environmental permitting people need to really understand that they already submitted the draft EA which means regulators have already presented us with all of the issues/questions they have regarding the project. We know what those are (all material is available on the FM website) and FM has answered every one of those questions with very detailed engineering plans which will mitigate all potential environmental effects. There really is nothing new here and the issues with the First Nations will be solved 100% because this project is going to get approved by the government. This project will create enormous amounts of jobs/wealth/prosperity in this very poor region and they desperately need new roads and infrastructure up there. Warm winters soon make it almost impossible to use the ice roads these communities depend upon for supplies and food which would put them at very seious risks if these warm winters continue. They need year around roads to be developed there and the only way this is going to happen is with mining development with the support of the government.

To sum it all up: I have never in my life seen valuations like these and I have recently upped my position big time in this company. I think this has the potential to deliver insane returns (even better than I got with Firstt Majestic Silver) simply because the leverage to the gold price is insane. Do your own research but I consider this to be an opportunity that really comes along once a generation. Best of luck to you all! Exciting times for sure.

[masah88919]

Demanding a proper say, Cat Lake First Nation's injunction pauses First Mining Gold's road work for project | CBC News This is a good article I think everyone should read. As you can see in me previous post this is really about the chief trying to get a time out here because his community is in really big trouble with lots ot issues and the article also says that Cat Lake's nursing

[masah88919]

Just one more quote from the article I posted previously which really highlights all of the points I have made earlier: "I think that this fire is kind of a marker of a bigger issue of how we need to improve the infrastructure in the north, how we need to improve the [health-care] services even further to that," Mamakwa said in an interview with CBC News Sunday." Trust me guys

[unclebobby]

This pretty much what they do , a shake down. This is synonymous with indigenous,  they always do it. Good spiel hopefully  all settled quickly  so all are happy.

[masah88919]

In a way yes, you could say that, but the problem is that these First Nations really don't have much resources to pursue this for longer periods and they dont have much say in the end. They are more or less screwed if they don't get on board here with FM and the government because I can assure you the government is 100% with First Mining here. I actually think this is a good thing in a

[unclebobby]

Yes this is true, And gold ready to break 2100.$

[unclebobby]

It is insane  6$ in ground  gold you can't buy a hamburger  for $6 bucks

[masah88919]

I know! And keep in mind these are not some speculative ounces either. They are proven & probable resources that are just 2 years away from being EA permitted! Like you cannot buy stuff like this more cheaper than this. I really am shocked that the market can provide situations like this still. Just goes to show that markets are not even close to being rational at all times. I'm loading up