First Mining Gold Corp (FFMGF)

[Implanting]

At the peril of repeating myself, because I think I've already made this point before. I asked Dan on this last webinar how much cash the Company would have at the end of 2022. He said around $13-$14 million after most of the outstanding bills were paid. I think we can agree that much cash is not a lot for what they need to spend for in 2023. Over and above the drilling that Dan feels is most critical to be done at Springpole and Duparquet they have to run the Company and pay for the non-drilling programs being done still at both those properties. All of that burns through their cash very quickly.

I wouldn't be real surprised if they have to do another cash raise in 2023, but hopefully they won't have to if they can tighten their belt. Cameron is a great asset, but because of them buying Duparquet IMO it's impossible for them to afford to do a lot at Cameron this year.
I think the most valuable royalty asset they hold would be for Pickle Crow. I don't know if that is on the table for them to sell, but it should be worth quite a lot. If I were them, I wouldn't even consider selling it unless we could get full value for it. Auteco should be coming out shortly with their updated resource numbers for PC. They should be very good.

[Family Roots]

Implanting, I agree with everything you said. Happy New Year and thanks for all the valuable information you bring to the forum

[Family Roots]

SeaBlue, the acquisition of Duparquet is evidence that the general investing community is not paying attention to the Junior Miner space. That was a huge deal that went unnoticed. I know that cash management is key the next couple of years but I wish that FMG would aggressively drill Cameron. Having a third 5 million ounce property would make FMG even more unique in the Junior space. I know I have beat this drum before so I’ll stop flogging a dead horse!

Alexco demonstrates that if you put a mine into production and miss every production target, eventually the market will stop spilling cash your way. They built a great mine and Hecla is a great play going forward. I feel that in time I will recoup my initial investment but it won’t be the home run I thought Alexco would be. I wish that First Majestic (Keith) picked the property up instead of Hecla.

Not much news on Silver One. I am holding what I have but don’t plan to buy more.

[Implanting]

I'm saying a ten bagger from here is easily achievable when the next bull market gets going in earnest. That may not be in 2023, it could be in 24 or 25. Time will tell.

I don't think it's going to be a secret when it gets here, the gold price will move higher and investors will be speculating in PM mining stocks. JMO

[SeaBlue]

I think many of us have been thinking that - that they could pop earlier than expected. Duparquet was a huge score in my book for them in 2022.

Regarding Alexco - the deal was horrible for Alexco shareholders. That being said, if you know about Alexco you know what a great deal Hecla pulled off. I owned some Hecla shares before that deal was announced and I may buy a little here and there because once they get the Alexco properties straightened out they are going to cash in on what Alexco could not pull off.

Interesting you mentioned Silver One. They were a company I had been looking at a few years ago but I have not followed them lately. What kind of progress have they made lately?

[Family Roots]

Happy New Year SeaBlue. In the mining space I took a position in 5 companies a year or so ago. 4 were recommendations from Keith (snowline, Nevada king, silverone and nano one). Snowline was a nice runner. Recently sold half my position to buy more FMG. Nevada King and silverone are down around 50%. I continue to buy nano one on weakness. The fifth stock (Americas Gold and Silver USAS) I bought because Pierre Lassonde was buying it on the open market. Added to it on weakness. Kept adding to my Alexco position which ended up being a mistake based on Hecla taking it over for pennies on the dollar.

Will nibble on all these in 2023 but planned to stay focused on adding FMG. I know they are in the middle of he Lassonde curve which infers that it is dead money til permitting, but if Gold heats up this could pop long before permitting

[Family Roots]

Implanting - hope you’re right on the ten bagger - that would be a huge shot in the arm for my portfolio. Cheers to a profitable 2023

[Implanting]

I've contended for years that getting the "word" out about FMG is a good thing, BUT getting the word out is most important when investors are listening. Investors start listening when the mining sector and PM miners begin to heat up. That could begin in 2023.

I recall at the height of the last gold bull market in 2010-11 that investors were scrambling to find small miners in the sector to throw money into. As is always the case most investors don't have a clue which companies are good or bad, so they seek just about any means available to get information. They access all means at their disposal including industry recommendations, message boards, and U-Tube videos seeking that information. I expect that will be happening again this time.

Management should step up the company promotion accordingly and hopefully be putting out a lot of positive news as the sector heats up. Folks like Ron will want to be proven right as our share price rises.

[SeaBlue]

I have to give Ron some credit....he routinely puts out content. It is good having his videos out there to supplement the "official" interviews of company execs and information posted on boards like this one and others.

[SeaBlue]

Hey Family Root, I am also nibbling at this level as my budget permits. What other companies are you looking at these days?

[Implanting]

IMO this is easily a ten bagger when the mining sector begins to heat up. What has to happen is when that happens our Management has to really begin promoting the Company and getting the name out there so would-be investors see it and know the potential this Company has.

Ron's Basement can play a big role in that exposure. Investors/traders will be looking to pile some money into well managed Developers like FMG because the sector will be getting noticed and become hot. Very few people know anything about these smaller mining companies, so having a story like this company has is very important for credibility purposes. Keith brings instant credibility to us.

Believe it or not even this board will get very busy as the share price takes off and moves higher. We're not there yet, but I firmly believe it's coming. The wise investors buy now while the prices are depressed and most people don't have a clue about FMG.

[Family Roots]

I plan to add more shares on a monthly basis for as long as FMG stays under 20 cents. I hope the dude doing the videos out of his basement is right and we end up with a 10 bagger. I’m thinking a 4-5 bagger is very realistic here. Cheers to a profitable 2023!

[Implanting]

I can't say we've seen the bottom in our share price, but I added down here too a week or so ago. My guess is that we'll most likely see a lower share price if the stock market moves lower in the first half of 2023.

I'll be adding more shares if that happens. It's hard to say when the shares will turn higher and run up, but if we see a move higher in the gold price this year and I think we will, the mining shares will follow in due course. JMO

[Family Roots]

Just did some post Christmas/pre New Yesr shopping today. Added some more shares in hopes of a breakout in 2023. Happy New Years to the FMG loyalist!

[Implanting]

I would add this observation to what was in the article. It was saying that Russia was open to taking payment for oil in either gold or dollars. I don't really understand why they want to accept payment in dollars, because if they want to get off paying in dollars you don't continue to accept payment in dollars. It would seem to me you either want to get paid in gold or in Rubles.

I suppose they have to keep some payments with dollars because it's still what most of the rest of the world is using. For now.

[Implanting]

Yes, I definitely think the east and west are further diverging because the east and others are tired of dollar hegemony and want to get out from under it. IMO Xi has done a pretty good job of convincing the BRICS countries and other smaller commodity-rich countries to come onboard with them and do it. It actually makes more sense anyway IMO.

Basically, the only way that can be done is to have an alternative medium of exchange, China's problem is that the Yuan isn't in a place currently to be that MOE, so what's the alternative? I think it will most likely be some sort of combination of payments that can be made in commodities. I.E. oil, nat. gas, gold, silver, industrial metals, soft commodities like wheat/corn, etc.

This new MOE would in essence replace the dollar as reserve currency and be the new international MOE. My guess would be that when they implement CBDC they would force upon the citizens of most countries to allow those governments to control it's citizens. The CBDC would be the fiat used within each individual country. This would be the new power grab that Klaus Schwab wants to see. I suspect governments would attempt to confiscate gold again and ban it for use as real money. I would be very concerned about mine nationalizations especially if gold returns to a place in the monetary system it should be. I would also expect to see it remonetized at much higher prices, so it becomes much more valuable for governments to steal from the people holding it.

The FINAL NOTE the author makes in the article IMO is also likely to happen. Just imagine how disruptive and expensive something like these changes will be for people. It's not going to work very well for many people. When the dollar goes away as reserve currency, so will much of the wealth of the U.S. The free ride for the U.S. will be over.

[SeaBlue]

Awesome article. I can't help but think of Jim Willie from about ten years ago - a gold trade note for trade between nations and a scheiss dollar for national/local use.

Nationalization of mining operations might be a concern. Hopefully his prediction of the west adopting Asiatic capitalism (i.e. - China's form of authoritarian capitalism) with less freedom does not come true.

So do you think the Eastern and Western economic structures will diverge further as his article describes?

[Implanting]

The link to this ZH article is pretty long and somewhat hard to grasp, but it's well worth reading.

Will or can it happen? I'm not sure, but I can see how it may. If it does we know it will mean gold and silver get remonetized
at much higher prices. I would think the PM mining sector would also be repriced higher.

I highly recommend reading the article and making some of your own opinions on it.

https://www.zerohedge.com/news/2022-12-29/end-western-rehypothecation-pozsar-style

[Implanting]

Excellent article by Mish.

https://mishtalk.com/economics/is-inflation-always-and-everywhere-a-monetary-thing

[Implanting]

Per Peter Schiff the Banksters are already failing to reduce their balance sheet at the pace they claimed they would. That's not really surprising because we know they most likely can't without all Hell breaking loose. Good article from Peter speaking to it.

https://www.zerohedge.com/markets/slow-pace-balance-sheet-reduction-calls-question-feds-commitment-inflation-fight

[Implanting]

Yet another crypto exchange bites the dust. The dominos keep falling.

https://www.thestreet.com/investing/cryptocurrency/crypto-winter-gets-colder-as-kraken-closes-japanese-operations?puc=yahoo&cm_ven=YAHOO

[Implanting]

We had the Petro-dollar, now we could see a Petro-gold medium of exchange. Why wouldn't any country rich in gold be in favor of that happening?
Most all the countries connected with the BRICS nations I'm thinking would be in favor of that change. We know that's the case for China, Russia, and India that hold a lot of gold. If the U.S. still holds the gold they claim to have it wouldn't be bad for them either.

https://www.zerohedge.com/news/2022-12-26/zoltans-gold-mageddon-deconstructed

[Implanting]

Very good Steve Penny interview. Penny makes a lot of sense with his views of where the Fed is going and what he sees happening in regard to
them causing something to break. He likes PM's for the long haul and says more than once this should be a very good decade for PM's.

[Implanting]

Another bullish article from Adam Hamilton. Adam thinks we're in the first stage of a three stage gold bull market.
Good read.

https://goldseek.com/article/gold-upleg-still-young

[Implanting]

Interesting article. There seems to be a lot of bullish sentiment for both gold and silver in 2023. The bullish set up is there.
Many are calling for the silver price to outperform gold, even the Guy in this article.

https://www.kitco.com/news/2022-12-23/Gold-prices-to-push-above-2-000-and-silver-to-double-on-its-way-to-50-in-2023-Avi-Gilburt.html

He's calling for a pull back in the price early then a move higher from there. Most likely after the Fed does their pivot.

[Implanting]

Thanks. I appreciate the compliment.
I'm still fully invested here and continue to add more shares on weakness. I enjoy posting what I hope is relevant information or comments that I think help other folks here.

I'm still confident that this investment is going to pan out nicely for those who can hold long enough. It's impossible to be holding shares for as long as many here have and not be frustrated, so we all feel that same emotion.

I won't sell a single share of my holdings until AFTER we see another serious up move in the PM sector and I'm hopeful we're not too far from that happening.

Happy Holidays to You and Yours!

[overbore]

Implanting, I really appreciate what you do for this board. I don't follow this as close as I used to, but it's nice to see you are still posting excellent content. Lots of message boards contain garbadge and misinformation. Thanks for all that you do!

[overbore]

Same here... I invested (and lost) a consirable amount of money in this company. Seems like it is always wait and see. Although like most, I wish I would have sold my position years ago, I still remain optimistic. But at the same time very frustrated!

[Implanting]

I see Keith purchased another 125K shares of FF a few days ago.

https://www.canadianinsider.com/node/7?menu_tickersearch=FF+%7C+First+Mining+Gold

[Implanting]

Gareth is a very good chart technician. Of course, that doesn't mean he's always right,
I'm reading a lot of about people being bullish on both gold and silver for 2023 and I think the main reason for that is that the Fed will stop raising rates and/or if something happens that causes them to have to reverse course and drop rates. Either way it very bullish for the metals.

I thought Gareth made a good point that even if the Fed can't lower rates because inflation isn't falling as much as they expected it to that will hurt the stock market more than anything. That's basically stagflation, which is low economic growth and inflation staying elevated.

[Family Roots]

Good to hear Gareth’s view on 2023. Hope he is right on Gold setting a new high next year

[Implanting]

More stock market bearishness.

[Implanting]

I'm posting a link to an article that anyone holding PM's or mining shares should read. The article talks about the rise of the BRICS countries and how they're moving now in an alliance to get away from the U.S. dollar. Note in the article it speaks to them forming their own BRICS PAYMENT SYSTEM that member countries can use between themselves. So, who's going to be odd man out when this is up and running? In large part the U.S. and the U.S. dollar. Gold and silver should spike higher on the news.

We know their payment system is going to be a commodity-backed, system that will include gold, silver, oil, with other commodities also in the mix
The article lists many other significant countries that want to come on board with the existing BRICS countries and this new payment system. The most important of them being Saudi Arabia and if they do it will be a game changer. That may be coming sooner than later.

IMO at such time this BRICS payment system comes online and is up and running, the dollar as the international reserve currency days are numbered. I think we'll most likely see countries trading with the BRICS system and those countries still loyal to the U.S. stay on SWIFT, so for at least a while we could see a bifurcated reserve currency situation. Many pundits have talked about it happening.

There's no doubt this is coming, the funny thing is you never hear anything about it on MSM or for that matter the business channels.

https://internationalbanker.com/finance/why-the-brics-bloc-will-play-a-crucial-global-economic-role-in-2023/

[Implanting]

Ron's been doing his videos for the Company for some time now. He's getting better and IMO this one may be his best to date. He gave a nice overview of the Company assets and management. The Christmas tree in the background was a nice touch too. LOL

Yes, Ron did have Dan and Paul come to his basement earlier this year to be interviewed. He did a nice job with that also. I thought it was good marketing on Dan's part to do the video in Ron's basement.

FMG is a very shareholder friendly company IMO. Most miners could care less.

[Implanting]

Latest interview with Gareth Soloway from Palisades Gold Radio. His top pick for 2023 is gold and he's looking for it to take out the old highs.
He thinks silver is poised to have a very good year also. Watch the entire video.

[Family Roots]

Hey gang - this is a guy who operates out of his basement. My nephew has found other YouTube videos of this guy where he touts FMG. If I’m not mistaken I think Dan may have done an interview in his basement some time back. Oh well - he is worth a listen.

[Implanting]

Bullish POV from Kitco in 2023. I would agree.

https://www.kitco.com/news/2022-12-19/Gold-will-explode-higher-in-2023-but-it-s-the-miners-investors-should-pay-attention-to-ESGO-s-Eric-Strand.html

[Implanting]

Saw this Kyle Bass interview on ZH. I like Bass and agree with most of what he says, but I'm not so sure what he says
about the U.S. having China over a barrel when it comes to taking them off the SWIFT payment system if they invade Taiwan.

How has taken Russia off SWIFT hurt them? The short answer is it hasn't. The Ruble is strong and is the Russian economy, even
with not being on SWIFT and paying for stuff in dollars. This is why I'm skeptical of what Bass is saying about if they take China off
SWIFT there economy will go down the toilet. I don't think Xi is dumb enough to let that happen. Here's the article.

https://www.zerohedge.com/geopolitical/kyle-bass-chinas-xi-intentionally-crashing-housing-market-preparing-war

[Implanting]

Something I saw on the biz news today. The big moves in gold and silver today were getting the attention of the traders that are
normally the people that are interviewed on either CNBC or Fox.

So, both of the Talking Heads being interviewed mentioned gold and silver as investments to be buying. Why is this significant even
if it may only be for a short-term trade? IMO because PM's are starting to get some attention. These Guys watch what's moving on
a daily basis because that's what they do, but PM's are definitely not what these people normally advise to buy. It's usually always a
specific stock or sector they recommend, not PM's.

Maybe that's starting to change.

.

[Implanting]

Merry Christmas and Happy New Year to you TraderJoe!

Yes, no one can disagree that the slog has been long and unfruitful for the faithful FMG shareholders. There's no question that the mining sector is mainly a wait and see what happens type investment. No doubt about that because we've lived through it.

I believe the good news coming is that we FINALLY see a bull market in 2023 for the PM sector. IMO the turn will come at some point next year. I can't say we'll see a huge move higher, but I do think we'll move through the old highs, and I think that's very important.

So, when that happens we should see the mining sector follow. How long it takes the investment community to pile into stocks like FMG is up to discussion, because they follow after the price moves.

I'm heartened that at least in my mind we're closer to the beginning of the new PM bull market than we are far from it. Time will tell if I'm right.

Concerning Dan. IMO Dan is in an almost unexplainable position. He can't admit why the share price hasn't moved and can't really come out and confess our share price won't move until investor's come back into the mining sector. All he can say is that their job is to create value for the shareholders. What he should say is that they're attempting to create value for a potential buyer or partner. The Street won't recognize this Company's value IMO until they can prove mining will happen at Springpole and Duparquet. JMO

I still believe our ace in the hole is Keith.

[traderjoe3227]

Well another year has come and gone and with the exception of some great interviews and normal Opinion on this board. Which I might say I enjoy. We have gone nowhere. Mostly just talk and waiting game. But seeing that I’ve been here since the very beginning like many of you I remain waiting for what I believe the inevitable positive outcome will be. As painful as it has been all these years. I hope all have a happy holiday season. Complaint department just closed. Hopefully next year this time it’s a different conversation. I gave up talking to Dan about a year ago.

[Implanting]

I just watched this interview with Chris Vermeulen talking about where he sees gold and the miners moving in the intermediate time-frame.
I'm in agreement with most of what he's saying. I don't know if gold falls as far as he thinks it will, but I definitely think we haven't
seen our bottom in gold yet, especially if the stock markets are heading lower and the dollar moves back up into a blow off top.

He's very bullish of the PM miners AFTER they bottom out. I think that happens when as the stock market tanks and we
see it fall the miners will go down too, but when that bottom comes gold/silver and the miners will come off that final bottom
and head higher into a new bull market. This will also coincide with the Fed and their making a pivot lower in interest rates.

[Implanting]

For those that didn't get the chance to watch the webinar Dan conducted from this past Tuesday about where
we stand at year end. The link to it is below.

https://6ix.com/event/first-minings-year-in-review/

[Implanting]

No wonder I didn't know it, I hadn't seen that nice royalty page lay-out on the company website yet. Thanks for posting that.

I don't recall Dan talking about both those royalty stakes from both those Maple Gold properties, but I now have to assume those properties at one time were owned by Clifton Star and were sold to Maple Gold. We retained the royalty when we took over.

I expect the value of those royalties now have risen considerably with the JV deal Maple did with Agnico. Those royalties could be something Dan might look to unload at the right price moving forward. Duparquet is the gift that keeps on giving.

I'm thinking Duparquet would probably be a more near term buy-out candidate than would be Springpole. Would Keith be willing to unload it at the right price is the bigger question?

[SeaBlue]

Toward the bottom of the page.

https://firstmininggold.com/assets/royalty-portfolio/

[Implanting]

Really? I wasn't aware of that. thanks

[SeaBlue]

Thanks for posting that. Don't forget we've got a 1% NSR on Joutel.

[Implanting]

Saw this over on the Kitco site just now. Agnico has just done a JV with Maple Gold for some of their mining concerns there in Quebec.
These mines are in the Abtibi Greenstone Belt just like Duparquet is. Very interesting.

https://www.kitco.com/news/2022-12-16/Agnico-Eagle-still-has-appetite-for-more-deals-Maples-Gold-Mines-Matthew-Hornor.html

[SeaBlue]

Justin Castro. Most of this is information I have heard before, but the comments from his brother I have not heard before.

https://rumble.com/v20wwa8-bombshell-evidence-proves-justin-trudeau-is-fidel-castros-son.html

[Implanting]

I consider myself to be somewhat of a contrarian-type investor, so I thought it was interesting to post this interview off Kitco about the
thoughts of this contrarian trader. He has some very telling observations about where he sees the market going in the next 6-12 months
and it's obviously NOT what the herd is looking to happen. I actually didn't agree to what he said BEFORE I listened to his observations.
He could be right, it's always good to get other points of view.