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First Mining Gold Corp T.FF

Alternate Symbol(s):  FFMGF

First Mining Gold Corp. is a Canada-based gold developer advancing two of its largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario and the Duparquet Project in Quebec. The Company also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests, including the Pickle Crow Gold Project (being advanced in partnership with FireFly Metals Ltd), the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.), and an equity interest in Treasury Metals Inc. The Springpole Gold Project covers an area of about 41,943 hectares (ha) in northwestern Ontario, and consists of 30 patented mining claims, 282 mining claims and thirteen mining leases. The Duparquet Gold Project is located immediately north of the town of Duparquet, which is approximately 50 kilometers (km) northwest of Rouyn-Noranda, Quebec. The Pickle Crow Gold Project is located in the mining jurisdiction of northwestern Ontario, Canada.


TSX:FF - Post by User

Bullboard Posts
Comment by zentrarianNZon Dec 12, 2016 6:58pm
240 Views
Post# 25588897

RE:First Mining Finance Just Abruptly Changed It Business Model

RE:First Mining Finance Just Abruptly Changed It Business ModelKN never said that he would NEVER explore any of FF's properties, just that it wasn't the main objective of assembling the portfolio. 

Now that there is a relative dearth of high-quality, super-cheap (~ $10/oz) targets to pursue, he could just sit on his assets and wait for the PoG to go ballistic, or he can do what he has always done: find ways to increase value to shareholders, unless and until the market changes and attractive properties reemerge.

Taking the best of the best and expanding their resource base by some highly-targeted drilling - the kind that previous owners would have liked to do before they ran out of money and options - is arguably the best way to do this.

If that's what it takes to get prospective majors interested in lucrative JVs or buyouts, I'm all for it.

Bullboard Posts