RE:First mining gold corpThats what I'm seeing also NF. You can buy in now or wait for the rollback. This is
so similar to WRLG. Almost like a blue print except TML has not gone broke like
PGM. They were severely cash strapped and would have needed to sacrifice a
big equity percentage in order to get private financing for construction or suffer horrendous dilution through the brokers and or crippling debt through the banks.
They weren't broke but the future was bleak. The low share price was simply a
relection of that.
On balance, BWCG keeps Niblack and has a near term path to a producing mine
within a year. We still get diluted but I like the potential. Their pea was based on
$1800 gold. Gold if it holds is well above that. Their location is excellent and they
have the Goliath mill onsite. Just needs to be refurbished. More drilling will most
likely expand their resource so excellent opportunity IMO.
ms