First Mining Gold Corp T.FF

Painfully stagnant valuation

[JohnDough]

I purchased stock at the beginning of 2018 when the shares were trading at $0.60, on the day of my purchase gold was at $1350/oz.  Fast forward to more than four years later. My investment has decreased by 50% while the price of gold has increased by 45%. For some reason, this land bank looked twice as attractive at a gold valuation close to half of what it is today. This is an excellent example of how no matter how right you are, you can still be completely wrong. You would think that, at the VERY LEAST, this investment would have stayed neutral given that the analysis is unchanged and indicates enormous resource that can be produced in the neighborhood of $700/oz.  If valuations are traditionally called forward-looking, and the ounces in the ground are still intact with a sizeable increase in the price of the commodity, then FF goes to show you how the markets can have virtually no basis in reality. I find it frustrating and extremely disappointing.

[Co2Harvest]

I've had a small position for awhile, and agree it's very frustrating. I think patience will eventually pay off. This Visual Capitalist link (below) may be of some help. Given that First Mining are developers, my horizon is closer to 10 years than 1 and reality will hopefully fall somewhere in between. I'm planning to add to my position in dribs and drabs. I'm in no hurry because I

[JohnDough]

Thanks for your perspective, and for the link.

[tannin]

I was seling in 2016/17ish (?), all the way up to 70 cents. Rec'd shares from Keiths takeover of Springpole.Sp was overvalued, no longer true...and well done Keith. Not saying any immy move, just that I now see reasons to consider re-buying....might not, there are other pm I consider 'cheaper, ie, undervalued and possibly with more immy catalysts, but FF is going on my watch list now. For