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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

Comment by masah88919on Mar 10, 2024 5:06am
86 Views
Post# 35924974

RE:RE:Analyst recommendations

RE:RE:Analyst recommendationsYeah sure! Those recommendations are of course just pure opinions in the end, but given the negative sentiment at the moment they have held quite steady for First Mining. The only way to really "value" these projects is to look at the PEA/PFS/FS studies and then apply a proper discount depending upon what phase we are in the deveopment. No matter how you look at it this company is an absolute bargain at these levels. I will be reporting back Monday after the Zoom call. I have quite a lot of questions written down for that so should be interesting. I doubt I will get much more information about the Cat Lake situation other than what is already known, but I will try my best to squeeze every single detail about it that I can. I will also ask a lot of questions about Duparquet because I think people are completely missing the boat regarding this project. The Duparquet project really has the potential to become a monster asset if they can grow it to 10m ounces+. That deposit sits on land already mined and the infrastructure is all in place to begin a starter pit operation and grow from there. I actually think Duparquet is the project that will get a partnership/JV deal first, simply because it has less infrastructure requirements than Springpole and might be perceived as less risky, although I think the risks perceived with Springpole are completely overblown.Moreover, I will also ask a few questions about First Majestics potential support and potential merger plans with First Mining, as I know Keith now has big plans to expand First Majestic outside Mexico and is carefully thinking about its future. They bought Jerrit Canyon (a gold mine) recently so we already know Keith is planning on expanding the company more into gold. They also opened their own mint now in Q1 which means they will be selling more and more silver directly to investors who want physical metals. People dont fully realize how material this is for a miner to control its own mint. My own long term vision (maybe also Keith's?) is that eventually First Majestic will merge with First Mining Gold creating a big mining company that produces gold/silver coins and bars and sells all of it directly to customers wanting physical metals. Keep in mind what Keith said recently about them opening their own mint:

"By minting our own silver, we are able to reduce unit production costs and expedite delivery time to our customers. In time, our goal is to sell 100% of the silver we produce directly to the physical market."

Let me know if you have any other questions you would like to be asked and I will write them down!

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