First Mining Gold Corp (FF) Share Price

O.K., this is what I've been saying is coming. Read this Mish article talking about what Trump told the Davos crowd yesterday. As Mish notes in his article Trump is demanding that the Fed LOWER interest rates or else. So, if inflation stays elevated, how are continued lowering of rates going to help reduce inflation? Well, we know it won't, and in theory it should heighten inflation further. Add Trump tariffs to the mix and that could mean additional inflation.

This may be the impending shit storm moment coming. Trump said he would lower inflation, but if the Fed says they see inflation staying elevated, what happens then? Well, IMO what Mish is saying in this article may come true. That could fuck Trump in the end and be very good for gold.

Of course, the Fed could begin cooking the inflation numbers lower again, and that's certainly possible.
It's not like they haven't done it before.

https://mishtalk.com/economics/economically-clueless-trump-will-demand-interest-rates-drop-immediately/

Yes, it appears to me this whole thing revolves around "digital", non-tangible assets that the young crowd prefer rather than hard assets. This is one of the biggest faults I have with what's going on. Digital anything is just something we see on our computer screen or smart phone. It can be there one minute and not the next.It can be hacked or stolen at any time. We see that going on with Bitcoin.

The other thing I don't really get is the relationship between fiat dollars that we currently use and potential dollar tokenization? What would be the difference between buying physical fiat dollars and new tokenized dollars created by the government? Wouldn't they both in the end be the same thing and represent more fiat dollars being created? How are crypto dollars any different and what would make them better other than just being digital? This is my question.

This all just comes across to me as them selling digital dollars, instead of physical dollars you can obtain at the bank. Maybe I'm missing something, but this all comes across to me as just a money making endeavor for Banks, hedge funds, and crypto speculators.

Check this article out. This train seems to be moving a little too fast.

https://www.zerohedge.com/crypto/blackrock-ceo-wants-sec-rapidly-approve-tokenization-bonds-stocks

VERY interesting....thanks for letting us know. I don't see how crypto is going to save anyone...in fact, in theory if there is a limited amount it will drive the USD price sky high if it is legit. Hopefully he not being counseled that we could use that as a way to pay off the national debt. Like you said - problems ahead.

There are so many cryptos out there and such a huge potential for loss (or gain) that it should be avoided for use as a national currency. I know folks out there will say look at El Salvador. Yes, they have used it, but there are some serious risks associated with it. Gold is much better even if it is cumbersome and not "cool" for the younger crowd.

I just heard this on the biz channel. They were talking to the Trump administration's crypto boss, and he said Trump wants the U.S. to be the leader in digital crypto currency. It appears they want to create some sort of dollar-backed crypto coin/asset that the government would be buying in time. He didn't come out and say they would be buying it, but IMO this is where Trump is wanting this to go. Can that happen without a change in legislation? I don't know. I would be surprised to see it happen with just an executive order from Trump.

The crypto boss did say they DIDN'T want to move to a CBDC system run by the Fed and Trump ran on that during his campaign.

IMO this is the bigger question to be answered on this subject. How will Trump's dollar crypto hopes and dreams affect the way the Fed operates? I see this as a possible cluster fuck in the way this is headed. IMO this may coincide with Trump wanting to abolish the Fed. I definitely foresee big problems coming ahead with what Trump wants, and what the Banksters have in mind.

PM's may be a big beneficiary of the struggle that ensues. We'll see.

Yes, oil deals/pipelines getting done between the U.S. and Canada are coming as soon as all the regulatory roadblocks are cleared to do so. Get Trudope and his minions out ASAP.

I heard someone on the news say that Alberta had insane amounts of oil under it and they're eager to sell. That would benefit them greatly and move
the needle up between the U.S. and Canada.

I grabbed some First Majestic yesterday morning between  $5.495 and $5.52.  Biggest chunk at $5.51.  Couldn't wait until the Armageddon Bubble collapse.  Silver looks scary good right now.

Definitely still waiting for the rewards from First Mining Gold.  I'm just hoping to find a small distraction from First Majestic.   
#SilverSqueeze
#TripleDigitSilver


Also recently grabbed much smaller amounts of NexGold, Seabridge Gold and 
West Red Lake Gold to try to catch lightning in a bottle.  Seabridge Gold is a very attractive acquisition target.  The other 2 are attractive for potential future production and as acquisition targets.

Hope to circle back around and add more First Mining but don't want all my eggs in only one basket. 

Good Luck to everyone. 

Yes, those "non-strategic" assets you mentioned certainly carries value to them in the form of additional financing sources. I think Cameron should be sold as soon as possible for any cash bid we cant get. That asset is really not important to us in any way right now, so if we can monetize that for cash I think it could be a very good time to do now. A royalty could be kept on Cameron for future financing. I think we could maybe net $50 million or so from Cameron if we sold it right now. It could of course be worth more in the future but we really should monetize that asset rather than issue more equity.

The Pickle Crow 30% interest is definitely worth a lot at current gold prices. That is almost a 3m ounce deposit so it's no small by any means. It's really up to Firefly Metals (who owns Pickle Crow) to make a good deal on the Pickle Crow deposit. If they can sell that project for say 100-200m dollars that would net FFMG a very nice cash amount as well. It could even be higher than that if gold keeps rising.

The NexGold shares I would rather keep on our books as long as possible because I think their portfolio will definitely be worth a lot in the near future. They are a near term producer so it would make a lot of sense to try and hold on to those shares.

All in all, if things work out well we could be looking to monetize 100-200m from this portfolio which would be a very nice amount of cash to have while we wait for the big deals for Springpole and Duparquet. Or we could even maybe develop the assets ourselves at least partially.

Implanting, to your point about deregulation - great news for Canada AND the United States. It is still a closed project, but to me it looks like it will be restarted.

https://freebeacon.com/trump-administration/canadian-leader-encourages-trump-to-resurrect-keystone-xl-pipeline/

Great analysis, appreciate it. I'll throw in a quick addition - we'll also still have Cameron, the royalties and FF's interests in Pickle Crow, Big Ridge Gold and NexGold.....though as laid out in your comments Duparquet could be the gift that keeps on giving. With gold continuing to rise and the political landscape changing we are in a good spot.

I ran some numbers on Duparquet yesterday with all of the new information we have gotten from the drilling and also the current gold price environment. The current PEA is already outdated in the sense that the deposit has grown A LOT and the gold price has risen almost $1000 since then. They calculated the length of mine production only at around 2,5m ounces which we know will grow substantially with the current knowledge that the deposit reserves will be around 10m ounces. If we just updated the current PEA with a new gold price assumption (they used $1800/oz) of say $2400/oz. the after tax NPV of Duparquet would already be around 1,3B Canadian dollars. That is a very substantial amount in of itself when you think about it. But the real excitement comes when you understand they will most likely more than double the length of mine production with the updated resource base. Do you guys realize what this means for the project economics when we update the length of mine production to around 5-8m ounces or even more? Keep in mind they always do these PEA estimates on the conservative side just to be safe. When you do an investment decision on a mine you must take into consideration the fact that the gold price and input costs could change dramatically over the life of the mine. This is why they always use a conservative gold price in the PEA to make sure the project can also survive during a bear market.

But anyways, the new PEA should be very interesting to read but let's just assume under the current situation that the length of mine production would double as a bare minimum. This would mean the mine would produce at least 5m ounces in total. According to my logic this would mean we could double the current NPV if we assume all other input costs would remain the same. You double your production = you make double the income, right? Everything else being equal, this would mean Duparquet would have a NPV of around 2,5B Canadian dollars with a gold price of around $2400/ounce. 2,5 billion is not peanuts, and based upon this assumption the company should already trade close to a billion dollars (CAD). Keep in mind this valuation does not even take into account that we also own Springpole. Just with Duparquet alone, we should already be close to a billion dollar valuation.

Now for the really exciting stuff: Imagine if the gold price continues to rise to say $3-5k (or more?) in the next 10-15 years and the mine would produce around 10m ounces or even more during the length of the mine? It's hard of course to calculate all of the variables here but I'm not joking when I say this deposit could really be worth many many billions of dollars.

This is why I have been thinking lately that Duparquet is really the ace in the sleeve here which most investors have completely forgotten about. Everyone is so focused on Springpole and it's EA process they have just ignored Duparquet. But the industry is noticing this asset that I can tell you. Keep in mind that Duparquet also already has all of the required infrastructure in place! There are roads, power lines, smelters nearby etc. So there is literally much less work to be done to get this up and running.

If we get to the finish line here with a permitted Springpole, an updated PEA on Duparquet with 10m ounces, and a market environment similar to 2000-2011 then just watch out because FFMG will be trading at insane valuations. That I can promise you. This current market is completely dislocated from reality.

I agree with everything. It's a total joke to permit a mine in Canada how long it takes, but even with all the red tape it's still considered one of the best mining jurisdictions on the planet. But, as with all countries where regulation is the worst, it can only mean that things will get better from here when we get the new conservative government. Trust me, the current regulatory nightmare in Canada really could not get much worse. There really is no way but up.

Having said that, Ontario's local government has enacted the Build More Mines Act which is trying to do exactly what we want i.e. speed up the permitting process where possible, so at least we have that going for us. The new upcoming federal government will 100% follow Trump's lead because they don't want to risk trade wars with their biggest trading partner. There is a lot of back and forth going on right now but in the end we will co-operate for sure. Trump has been talking about how USA needs to secure the critical minerals industry and move away from China's dependence. Guess which country has a ton loads of said critical minerals? Yes, Canada. I can see Trump and Pierre Poilievre striking deals on the critical minerals industry which means Canada will also be forced to cut back on the regulations. If Canada and USA really wants to secure a good supply of these critical minerals (which also by the way includes silver and gold) they are going to have to cut back on the red tape and speed up the permitting process to get this done. I consider silver and gold one of the most critical metals on the planet even though they are not officially included on that list (yet?). Silver is required for almost all electronics and industries on the planet while gold is the most critical reserve asset going forward in a world where geopolitical tensions are soaring.

Here is another thing to think about: If Trump actually succeeds in getting a deal done on Greenland it will mean massive amounts of new investment and money will start flowing there which will uplift lots of the native people from poverty. How do you think the Canadian First Nations will look at a situation like this? Maybe they will finally realize the potential their communities could have if they also focused on developing all of the mining potential on their lands. Poilievre's incoming new government will 100% for sure be a mining friendly government and they will try and secure good deals with Trump to develop and secure these mineral assets Canada is sitting on.

We are really now moving fast into a very different world compared to the one we had with Biden and all the other woke governments. Trump will prioritize business first in everything which will spillover to other countries as well. Countries will get envious about the US doing deals and getting money flowing to them which will cause a similar race in Canada, Europe, UK, etc. I'm actually very enthusiastic about this situation and what it will mean for FFMG going forward. I can sense we are very close to the sentiment changing towards miners, but we are still going to need that big crash in the AI stocks before anything meaningful will happen. Keep adding shares while you can, I will be buying shares in the next two weeks for sure.

Frank G. said much of the same rhetoric in this interview that he and Pierre Lassonde talked about in another video I posted here last year. These are legends in the mining industry. They are BOTH Canadian citizens and most importantly they care about mining in Canada. It's important to them and you can see it when they talk about it.

The problem in Canada has obviously been the woke, liberal government that's been in power there. They're regulating the mining industry into oblivion. Look at the time and expense that's been spent on permitting Springpole. It's a fucking disgrace that it has taken this long. Who wants to build a mine in country where it takes that long to get permitted and exactly why Frank G. said nobody wants to finance mines in Canada anymore. The process takes too damn long.

What's Trump doing in the first days of his administration? Deregulating all the bullshit Biden had in place that prevented growth. Trudope's replacement should do exactly the same thing. That will help the Canadian miners more than anything. Void ESG along with anything else that deters mining growth.

IMO Saudi is playing both sides as best they can. They want to be a go-between because it helps make them relevant. They seem to want to diversify all the money they're making into other countries (not just Saudi) and more than just oil-related investments. As cold as they were with Brain-dead Joe, my guess is they'll be very friendly with Trump. Trump was talking to the Davos crowd today and he called out Saudi on having oil prices too high. He wants them to drop oil prices to hurt Russia in the war and help end the conflict. Makes sense.

Really good Frank G video. I was surprised that gold as collateral was only valued at !5% of value. That was surprising and I had not known that previously.

The digital gold model he talked about sounded like what is already being done by GoldMoney and by the group Andrew McGuire works with (forgot the name). Maybe I missed something?

He really did sound disappointed with the lack of capital in Canadian markets for gold projects. What surprised me was when he mentioned even the Canadian pension funds don't invest in the sector - they're investing in China.

With the ESG folly abating and a possible change in government ahead, I think things are looking up for Canada. Now if only they could expedite permitting like he mentioned.

'Do you think Saudi Arabia is positioned as the go-between of West and East? While I am not sure on that one, I have noticed they have stayed out of the news lately and more events seem to be happening there and in other middle eastern countries. Not just business events....sporting events as well.

This is a very insightful interview from this Guy, he covers a lot of ground, but the one thing that caught my attention was at about the 28:10 portion of the interview he begins talking about how gold might be revalued higher by the government. This is something I could see Trump doing.

He talks about gold and Bitcoin being neutral reserve assets. I recommend watching the entire video because he makes some valid observations in it.

Let's HOPE that what he said about 2025 being a very interesting year for us holds up.

Duparquet is looking like it could really be a home run for us down the road. They need to find a lot more gold there to make it a 10M oz. deposit, but it certainly can happen. Management just needs to hold out for the BIG money and get that good deal.

Thanks for posting the interview.

This investment group and their investment funds own / control 65.1% of First Majestic Shares.

https://www.electrum-group.com/about

First Majestic Silver Corp. (Canada) SCHEDULE 13G 01/22/2025

https://www.nasdaq.com/market-activity/stocks/ag/sec-filings

I wonder if we should ask the Electrum Group if they think it is a good idea for First Majestic to acquire First Mining Gold?  Keith might need approval first??

Thoughts?
#SilverSqueeze
#Silver
#FirstMajestic
#FirstMiningGoldCorp
#FirstMining
#Gold

Latest Dan video.....5 minutes.

Nice article. Yes, this is EXACTLY what needs to happen in Canada and in the Frank G. interview I posted this is what he was also talking about.

Reduce mining regulations and shorten mine permitting time, which will in turn bring investment back into the sector. Trudope has crippled the mining industry with the ESG and ridiculous permitting constrains on what was once a great industry in Canada. I believe the new conservative party in Canada will follow Trump's lead and unshackle the mining industry once they're back in power. That should make it relevant again.

We know China and Russia are attempting to corner the Rare Earth minerals market that's required for many of today's modern weapons, etc. Trump has the good sense to move to find those for our country's national security.

This doesn't hurt. Let us hope that the post-Trudeau leadership also adopts a more mining-friendly climate.

https://theoregongroup.com/investment-news/trump-prioritises-domestic-mining-and-processing-in-executive-orders/

Here's a must watch Kitco interview with Frank Giustra. He speaks a lot to Canadian mining in this video and I didn't hear him say anything good about it, in fact, he sounded disgusted with it.

IMO he's spot on with the general negative perception for the mining sector and that gold needs to MARKET itself much better. He's right.

Thanks for the info on some of the things you've read about this Scumbag. This Guy is truly a criminal in the highest degree and of course our government allowed it all to happen. No one in government should be allowed to be in a position of power like this person was. IMO this man literally thought he was God and even made the statement that if you didn't agree with his views, you were going against science. He was lying with a straight face, just like Biden did for four years. This Asshole did an unimaginable amount of damage to this country and the world. Another government bureaucrat that thought he was above the law. I hope he's litigated to his grave.

I haven't heard of any specific executive orders that Trump took for the mining industry, but I know he's signed several for the oil and nat gas area. I suspect he will get to signing something to loosen the mining restrictions that have been in place since he ended his first term. I'm really excited to see the changing of the guard in Canada and for the conservative party there to take charge. I'm hoping it will be a replay of what we're seeing now here with Trump. Some of the biggest winners should come in the mining sector and should help FMG in the coming years.

That was a long article and touched nicely upon some of the lies Fauci told Rand Paul....however, it only scratches the surface on that villian. Yes, I said villian because that clown has been hurting people intentionally for decades. Want a real dose of the depths of his depravity, check out some videos by our Canadian friend Dr. David Martin. He commands a superb knowledge of the patents, history and players involved in the bioweapon they gave to the Chi-coms. If you listen to a few of his videos (they are long videos) you will be shocked and angered. This stuff was in play YEARS before the BS bat soup story.

Forgot about putting him on trial for lying to CONgress,...let a few AGs or county prosecutors put him on trial for second degree murder or voluntary manslaughter for both the bioweapon AND for his pimping of the injections that damaged a lot of people, including some people I care about. Want a great read - get RFK's book "The Real Anthony Fauci." The use of AZT for AIDS was a lot like the injections to alleviate the effects of the bioweapon. Fauci also experimented on orphans in New York City decades ago. Just an absolute horrible person.

In addition to criminal prosecution, I hope people civilly litigate him into dust to claw back some of the money he illegally made with the pharma companies by pushing their criminal, injurious products that they knew would kill and maim people. Force him into the endless litigation he so rightfully deserves. Ok, enough said.

On another note, did you see anything in the executive orders that would impact the mining industry? I know he is going to unleash drilling, but i thought he might throw out some other orders that would benefit the industry.

I'll post this for you, if You haven't seen this article on Fauci. The passing of time tells us that what Fauci and the government did during the pandemic was illegal and definitely NOT proven by medical or science to be true. The crap they mandated people MUST do. Like wearing masks or getting vaccinated. Most of what they/Fauci told everyone was BS.

That's the government telling us to believe them and not to trust your own good judgement. IMO Fauci, not only was instrumental in starting the pandemic, but he also injured a lot of people with his so-called solutions. Check what's said at the very end of the article.

https://www.zerohedge.com/political/despite-biden-pardon-fauci-still-faces-legal-perils-here-they-are

Interesting video from Jeff Clark at a recent conference. Some of what he talks about will surprise. I.E. recent performance of physical gold and silver.

He talks about the mining stocks sector.

The Mining Mindset: Leadership and Legacy with Keith Neumeyer (Little By Little)
Lots of interesting nuggets in here

The Rule Symposium, Boca Raton, FL July 7-11, 2024
"Our Sponsors
A special thanks to the companies who made this event possible.
Our Sponsors are personally vetted and invited by Rick Rule, Rule Investement Media."

First Majestic Silver is a Gold Sponsor (top level, not the material)

So I am thinking Rick has a fairly good opinion of Kieth

Let's hope so, IMO Fauci was the main crook behind the Covid plague. Will he ever go to jail? Probably not, but the truth needs to come about his real involvement in how it all happened and killed millions. I hope Trump will pursue the Covid cover up going forward, it needs to be done. The truth needs to be revealed, so it never can be allowed to happen again. EVER

Rick Rule: No Excuses! How to Make Millions in 5 Years with Math, Gold, and Opportunity at MIF 2025

Yes, so what's that telling us. This is a mania, a bubble in these crypto trades. I don't see how this ends well. Trump is taking advantage of it too with his coin.

I personally think it gives a bad look to him and he's grifting his presidential victory. I heard them talking about what he's doing as a "pay for play" thing with him doing it because it will be unsaid that political favors will be given for those buying what he's selling. Transactions can be made via digital wallets that are not public. IMO it definitely gives the perception of impropriety. Cryptos have become a novelty, and IMO will sell off hard when the money to buy them dries up.

State AGs or county prosecutors can still charge them. I think Fauci is a valid target for state charges and so are some other folks. But will they get charged? Who knows.

Gold continues to perform well. Could we reach another all-time high this week?

Ok, time for a little comedy. Two silly coins that are out there are Fartcoin and Shitcoin. I am not joking, you can look up quotes for them. I gotta laugh because how can you take anything like that seriously, yet people are putting money into it. As I have said several times, I think some coins are a great momentum trade, but I have doubts about the sector in general.

Braindead Joe literally pardoned all his family, the J6 committee, Fauci, Milley, and everyone else that promoted his lawfare crimes. None of them were even charged with anything. How the Hell is he allowed to pardon anyone that hasn't been charged with a crime yet? It makes absolutely no sense whatsoever. No one should have this kind of power and if that's not an admission of guilt, I don't know what is. Biden's headed to the old folk's home and that's good. Jill can change his shitty diapers now.

Trump said in his inauguration speech yesterday the GND is dead. No more government subsidies for EV cars. You can buy whatever kind of car you want. All this bullshit the Dems attempted to implement the last 4 years will be reversed by Trump. I'm all about having choices, if you want an EV car that's fine, buy it, but don't make it difficult or more expensive for those that can only afford gas-burners to get them. DEI and ESG will be reversed too.

I don't know what Trump's plans are with crypto, but more importantly what's his views on the crypto/dollar relationship? I'm not sure how a crypto/dollar relationship is consummated? Are Trump's plans to replace the dollar with crypto? How's that play into what the Banksters are doing with the CBDC? Trump is a disruptor and knowing him this could really get messy going forward. That could be good for PM's.

You may have heard that Trump came out with his own meme coin last week. I just heard on TV it was trading @$75 yesterday and this morning it's $38.Crypto is NOT money, money is stable and doesn't get cut in half in a day. I'm not sure if Trump has a good grasp on that idea. He probably sees crypto
as being like a stock that trades up and down with a lot of volatility. That's not you want your currency to do.

Pardoned basically his whole family? What?

Glad Trumper got in - tax policies will be a lot more sane and should stimulate business growth. We might have to go through a recession or depression to get there, but the alternative would have been much more authoritarian and less business friendly.

I really like the fact that he is not a captive of the scammy aspects of the green energy business. It has its place, but nothing like the thoughts put out by AOC, John Kerry, Gates, Al Gore and other pimps who are not out for mankind but instead are out to line their own pockets with OUR money with dumb ideas like retrofitting every building in the US, carbon capture or dimming the sun with particulates in the atmosphere.

Implanting, do you think Trump will pull a fast one with crypto and pump it up to try to erase some of the US debt? I would hope he's not that reckless. His sudden turn to crypto has me a bit concerned.

So, this would appear to be very good news. I guess we can expect to see the share price fall.
I would expect new drill results like these to be interesting for Agnico too.

https://firstmininggold.com/news/first-mining-expansion-target-drilling-identifies-two-new--gold-discoveries-at-the-duparquet-gold-project

How the Hell do you pardon people that haven't been charged with a crime yet? Sounds like an admission of guilt to me.

https://www.zerohedge.com/political/i-believe-rule-law-biden-pre-emptively-pardons-fauci-miley-jan-6-committee

I think Agnico would be a great partner for us IF we could get together and do a deal. Rick Rule did make the point that they didn't HAVE to do M&A deals, but it would seem to me that Duparquet would be especially interesting to them for its Abitibi location. Rick even made that point in the interview.

Dan has spoken in the past about doing a JV deal at Springpole and has not mentioned anything for Duparquet. Is he saying that for a reason? Might he be diverting attention away from a Duparquet deal with an Agnico until after they do something with Springpole? Who knows, but it would certainly make sense to do something with Agnico at Duparquet if the stars aligned.

I also thought it was interesting what Rule said at the beginning of the interview about how the mining shares are still unloved when the Central Banks and the East are buying physical gold hand over fist.

Thanks for the interview! Agnico definitely would be one of the best candidates overall to make a deal with. They are loaded with cash right now so developing Springpole and Duparquet would be peanuts for them. However, Rick did say that Agnico already has a good pipeline as it is so they could be growing even without M&A. In other words, they really don't need to do M&A right now if they don't want to. If they will decide to buy more assets then most likely they would want assets that are either already in production / fully permitted assets / or assets that simply are just so big they are of a strategic nature. This is where I think our assets in FFMG, especially Duparquet would most likely be the asset that they are interested in the most. A JV deal with Agnico Eagle on Duparquet would be a massive catalyst for our company and I would imagine would instantly rocket our share price somewhere around 50cents. Especially when we get an updated resource base for Duparquet showing 10m ounces or more of gold. Long term, a JV deal with Agnico on Duparquet where we remain a minority partner for many years would be massive and be worth billions.

Yes, I don't even consider those last two negative general comments as valid feedback. Obviously they are just some random uninformed person opposing the project in general. And they really don't matter in any way in the EA process. The valid comments are made by the different government departments that are actually submitting the feedback/comments through the template. These are issues which can be addressed scientifically by the company, not random opinions made by people with no expertise. So all in all, I think those valid questions/comments are completely manageable by FFMG, but obviously they need to do some more work. But that we knew already anyways... nobody expected this to be submitted and then receiving the EA permits right away. It's always a back and forth process with the government and all other stakeholders.

Thanks for posting the links to the comments. Most seemed pretty run-of-the-mill. One I did not even seriously consider because it was a comment seemingly directed at gold mining in general - gold mining is toxic to the environment, there is a climate emergency, selenium testing in fish is cruel, etc.

Like you I was surprised by what I consider to be a number of comments on the low end. Hopefully FF can address them and keep the project moving forward.

Rick Rule who knows more than anyone gave the below interview, in my opinion the most informative to date. He states that Agnico Eagle former CEO said Agnico stick to what they know best in a business model, projects in Ontario and Quebec ( now who do we know have projects in these places ). They have the money and the jurisdiction appetite. I see them as clear favourites to buy us. See from 7.00min onwards.

Great drilling news from Duparquet guys:

Miroir Discovery – 3.12 g/t Au over 19.35 m occurring 225 m north of the Valentre target
Aiguille Discovery – 8.99 g/t Au over 3.1 m occurring 150 m south of the Valentre target

“The discovery of these two new gold zones at our Duparquet Gold Project demonstrates the continued success of our exploration program at the Project,” stated Dan Wilton, CEO of First Mining. “With more than two full exploration seasons now under our belt at Duparquet, our team is producing exceptional drill results with a degree of predictability supported by a robust geoscience foundation. On top of the existing mineral resource base of 3.44 Moz of Measured & Indicated resource and 2.64 Moz of Inferred resource, these results demonstrate that Duparquet is well positioned to achieve significant resource growth, demonstrating that Duparquet is one of the strongest gold-endowed assets in Canada, strategically located in the heart of the Abitibi gold belt in Quebec.”

Like I have been saying, Duparquet might very well end up stealing the entire show here even though Springpole is closer to it's final EA permits. Having a 10m+ ounce monster asset in Quebec with excellent infrastructure nearby really puts FFMG into a very unique position. 10m+ ounce tier 1 assets are EXTREMELY RARE. I cannot even begin to tell you how important this asset is for the entire global gold mining industry. You can definitely be sure that Duparquet is on the radar for all the bigger players in Canada. In my mind there literally is zero risk in this company right now when it comes to a deal. Should the worst really happen and Springpole would be denied EA permits (an extremely unlikely outcome imo) then I'm 100% confident that Duparquet will get acquired by a bigger player. I think Agnico might very well be the player who will end up picking up Duparquet. I really hope we can get a JV deal going with a major. It's almost a guaranteed outcome now that Duparquet will grow it's resource base to 10m ounces or more.

By the way, I was looking at the current status of the EA assessment and you can basically read all of the comments they have received from the different agencies here:

https://iaac-aeic.gc.ca/050/evaluations/proj/80149/contributions?culture=en-CA

It seems they have received in total 26 comments during the entire public commenting period. Not much if you ask me, I was expecting something like 100+ comments, but of course they already answered some 1500 comments after the draft EA was submitted. From what I can tell the biggest concerns the different agencies have are still concerning the fish habitat restoration, water management, First Nation engagement in the project, impacts on different birds and other endangered species. I tried to read through all of the concerns/comments and I really did not find any major red flags so far. At least none of the concerns raised were "show stoppers", they just need to incorporate some additional data and feedback into the EA report. There is still quite a bit of work for FFMG to answer all of these additional questions but I'm quite confident Steve and his team will be able to get this through the finish line. The FN led impact assessment will be a must to get the final consent from the communities and they indeed can provide lots of valuable feedback into the fish habitat restoration issues which the agencies have raised. I still think we will receive the final EA approval whether we do the FN led assessment or not, but it will definitely help the project out a lot if we can get that done properly and then receive the consent from all of the affected communities. In my opinion, we simply have no choice but to do this properly. It will take more time but it will ensure that down the road all of the issues are minimized because we can show with 100% confidence that all of the stakeholders have been included in the project.

All in all, I was actually shocked that we did not receive any more questions than this although there is a lot of work to do this year. I guess this is what Steve meant when he said it just makes sense to submit the draft EA and get most of the issues addressed right away. We have a lot less hoops to jump through because we did all of the preliminary work in the draft EA.

Yes, for sure any potential buyer must know that Keith would immediately counter with a better offer if they tried to do a hostile takeover. In almost all interviews you always hear Keith stating he is a very long term investor and that is simply the reality of investing in miners. Mining CEO's have to think 5-10 years ahead all the time. They need to drill, they need to replenish reserves, they need to deal with all kinds of difficult issues all the time. You simply must be a long term thinker and a good M&A strategist to succeed in this business in the long run. I would definitely think that Keith would like the idea of combining AG and FFMG and leaving this quite large new silver & gold miner as his "ultimate legacy". I mean Keith is also sadly not getting any younger so he must be thinking about these things all the time.

The combined company would have a superb portfolio of silver & gold assets and could really become massive in this multi-year bull market we have ahead of us. Think about how large this combined entity would be when we get Springpole and Duparquet into production. All of a sudden we would produce somewhere around 500k ounces of gold per year on top of all the silver they are currently producing. That is not small by any means. This could be a $10B market cap company easily if that were to happen.

Let's hope this will be the case. This transformation to combine the two companies could also be done in steps. I mean First Majestic already owns 50% of the silver in Springpole, so technically we are already in a partnership with them. The next step would be to maybe create a JV with FFMG on Springpole so that First Majestic would get control of the entire silver stream and also leverage to the gold there. If we get that operation running smoothly then the next step would be to start the Duparquet project as a smaller operation and then grow larger from there. All of this could be done as JV partnerships or maybe First Majestic could also just buy us outright.

Like I said, if Keith really is thinking about acquiring FFMG completely then it may take a while because his next step with First Majestic will be to get Jeritt Canyon back into production. Around this time I think the company would be in a very good spot to acquire FFMG or make a deal with us because by then Springpole will be fully permitted by all logic and all of the other relevant permits should be in place. First Majestic will make insane cash flows in the next few years if silver prices keep rising towards $50. So financing Springpole really would not pose much of a problem for them.

IMO that's the trump card in OUR back pocket. FMG shareholder's back pocket. All shareholders, including Keith.

As I said, I think any potential suitors for FMG know this already. They know they have to tender a fair offer for buying into FMG. We have the assets, and they can't buy them on the cheap, because Keith isn't selling on the cheap.

I see the logic in this line of thinking from this thread over the last few days.  

It makes sense to think Mr Neumeyer knows that First Majestic could bring the First Mining gold into production if a fair offer is not received.  That's the Trump card in his back pocket.  He doesn't have to take a bad deal.  

I'm on board.  

Also hoping the price drops a little more on First Majestic before the rocket ship starts.  I want a few shares.  I'm still counting on an everything bubble popping.  Hopefully when that happens, I will still have some dry powder to buy some cheap First Majestic.  Truthfully I could also settle for some cheap Agnico or Kinross shares as well.

Btw, Happy New Year to everyone!

My guess is we'll have to see something change to propel the silver price to move markedly higher, especially to triple digits. How that plays out is anyone's guess, but this is what Keith is predicting to happen, not me. If that move to triple digit silver happens these big silver BUYERS are going to be affected by the higher prices, which in turn should have them looking to buy a sliver producer to protect their COST and SUPPLY going forward.

We know gold will be at a much higher price if silver is in triple digits, so I suspect they would have no problem with adding some gold into the mix, they'll still be making a ton of money. What they would pay for a miner like FM is pocket change to them, but it would still be very profitable and a good investment if they could have someone like Keith continue to run the Company. Would Keith do it? Who knows, but that might be a part of the deal for hitting the lottery for him.

Keith could sell FM and retain FMG to run. There are a lot of ways this could work, but if PM prices go where they're being projected to go, FM being bought out is not that far fetched.

Could be possible if the supply of physical silver is suddenly facing a hard squeeze. Keep in mind First Majestic produces some 50% of their production as gold as well, so any potential buyer would get that as part of the deal. I would still be quite surprised if this was the eventual outcome but for sure if the price paid for the entire First Majestic company would be too hard to pass then I think Keith would sell.

I really hope we eventually merge with First Majestic completely in the next few years and develop all the assets ourselves. If silver prices keep rising then First Majestic could easily issue some 150-200m shares at a $8-10 share price and just buy FFMG outright. We would get First Majestic shares and could then benefit from a multi year bull market I see coming for both silver and gold. I really see this bull market continuing well into the late 2030's before anything will change that.

IMO this is getting way out of hand and Trump is right in there promoting the scam. This is part of the EVERYTHING BUBBLE that we're seeing in the market now. Crypto FOMO. This is not far from the dot-com bust of the late nineties. Everyone, including Trump, trying to scam people out of their money.

How will this end well for the suckers? I don't see how it can.

https://www.zerohedge.com/crypto/trump-unveils-official-memecoin-late-friday-12-hours-later-it-16000-30-billion

There is something else Keith talks about on a fairly regular basis. That being the silver miners getting bought out by big tech companies that need silver to make their products. I could see FM as a takeover target for those companies if silver breaks out and heads up to triple digits. They would want to secure their silver reserves going forward AND make a hellava lot of money from the additional silver they sell. That would be a highly profitable business for them aside from whatever tech crap they make.

They would most likely hire Keith to continue running the business IF he wanted to do so. IMO this could happen with a higher silver price. Why buy the milk when you can own the cow.

Yup, it's still completely possible the plan has been all along to merge FFMG and First Majestic. This would definitely not be surprising to me if Keith would do this in the next 3-5 years. First Majestic having now acquired Gatos and free cash flows most likely growing nicely in the next few years we could be looking at a situation where Keith might do a JV partnership on Springpole or even a bid on the entire company. After all, Keith's entire career has been built on M&A deals and merging AG with FFMG could be his "final move" to create a very large North-American miner with world class gold & silver assets.

If the price of silver increases in the next 3-5 years to a $50/oz level then First Majestic will be a cash cow. Their next objective will be to bring the Jeritt Canyon gold mine back into production. I guess this will happen in the next 1-2 years or so. This is where a JV deal on Springpole could fit in quite nicely because I'm 100% confident Keith is not going to expand any more into Mexico. They have enough assets there as it is and he has stated he wants to expand into other jurisdictions. A JV deal with FFMG on Springpole would still be a very good move I think because First Majestic already owns 50% of the silver stream on the project so why not get the gold as well? I think he could sell this to his AG shareholders and his board quite easily. Partnering/merging with AG would still be my "dream scenario" and if that happens I will definitely keep the shares of the merged company most likely forever. I think the combined assets of the new company could easily trade north of 10B dollars in a good bull market.

If this is indeed the long term plan of Keith it would also completely explain why we have not received any deals as of ye. Keith is most likely turning all of them down because he wants the assets for himself.