First Mining Gold Corp (FFMGF)

[SeaBlue]

While it seems like a good amount of surface mineralization, I wonder what the extent of it is?

[SeaBlue]

https://ceo.ca/[@ userid=2024]-duparquet-exploration

[Implanting]

IMO the big option it gives First Majestic would be to either JV with FMG or to merge with us, depending on how Keith wants to play it. That would make having to partner with an outside party unnecessary. It also gives Keith serious leverage IF another party wants to tender a hostile bid for FMG. Jerritt Canyon is still on their plate, but if silver continues higher that shouldn't be a problem either. The money will be flooding in.

We will control our own destiny if silver moves to where it should go in the next couple of years. Financing Springpole and Duparquet shouldn't be a big hurdle with silver somewhere north of $50 an oz. $75 or $100 silver would make it a slam dunk.

This part of the picture has to be something our management is considering with these higher PM prices.

[SeaBlue]

If silver stays higher it makes FF's position better as FM would have the free cash flow to match any inappropriately low bids for the company. Or it could allow them more flexibility to JV with FF.

Glad to hear you have your stack squared away. I would think most of us on this board probably do to the extent our budgets allow it.

September/October would not surprise me as it is the end of the fiscal year for the federal government. If I remember correctly October has had a few major drops in the past. Some politicians are already calling for 10 to 20% cuts in some agency budgets and/or the elimination of 1 or 2 agencies (the EPA continues to be a target as well as Education, Energy and Labor to varying extents). While I do not see agencies being eliminated, I would say there is certainly a chance of merger/combination. HHS, Education and Labor used to be under 1 umbrella and it would not surprise me if they return under 1 umbrella. This would likely result in big cost savings but would increase unemployment and result in less spending by anyone who is let go. But what good are cost savings when our reps are throwing money out the window on many other things?

[Implanting]

This is a MUST watch video. It covers a lot of different topics, but this Lady IMO is spot on with her views.

I see her on Fox biz news quite often, but she's normally talking just market things and not what she says here. She touches on many things we speak of here and gives remedies and answers to those questions at the end of the video.

[Implanting]

I'm happy I hold quite a bit of physical silver. My cost basis is probably around the $16-$17 range, so I'm doing o.k. currently, but I can't see unloading any of it until we are into triple digits. Do you remember the poster that was here a couple years back lamenting over silver ever going any higher? LOL
I think about him on occasion.

What excites me are what companies like FM are making now with the push higher in silver and as silver continues to climb, their profits will soar. That means FMG prospects get even better. It's going to be interesting to see how high the PM's move before the economy tanks and everything begins to fall. I keep hearing that a September/October time period may be the time for the bubble to deflate. We'll see.

[Implanting]

The George Gammon video you posted IMO was VERY revealing and eye-opening. I believe what he was saying is a precursor to what could happen in the U.S. eventually. The dollar, like the Argentine Peso, won't completely go away, it will just almost be worthless and a pain in the ass to use, because if fiat isn't transferred to numbers on a computer screen we'll be in the same boat as the people in Argentina. Paying for things with stacks of paper fiat money. I don't see that being a feasible alternative. Not only that the inflation will be so high I can't see people here putting up with it. We're not hyper-inflating yet like in Argentina, but at some point, we could be. I still believe that physical gold and silver can and will be an alternative source of real money, even if it's not accepted in a general way. People are going to want to have it as an "anti-inflation" asset. Those that have it, will use it, and those that don't, won't.

I also was surprised the money changers in Argentina weren't accepting $20 denominations, like you I would have thought they would have been more in demand from the common man. I think George G. said he was dealing with drug dealers, so maybe they only wanted $100 bills.

The people that don't have phones or computers will just be fucked I'm afraid. The Powers That Be could care less about them anyway. The Banksters always say they want to help the poor and disenfranchised, but they do the opposite with their actions. The rich get richer, and the poor get poorer. That's a direct result of their policies.

Who knows how long the dollar will stay afloat, but at some point in time the fiat dollar is going to have the same outcome as all forms of fiat before it and that's a loss of faith in it. I don't really want to see it happen in my lifetime, but I'm going to be prepared if it does.

[SeaBlue]

Did Silver have a strong close on Friday or what? Having witnessed so many of the ups and downs I don't get as hopeful as I used to.....but I started routine purchases when I woke up in 2012 and I have no complaints. When started buying I could get silver for 14 or 15 an ounce because the premium was so low. Twelve years later and on most of my ounces I am up between 70 to 100 percent. Sure beats T-bill returns during the same time period. Could a person have made more during that timeframe in the stock market? Absolutely. I am ok with that. In the end we'll have our day and the timing might be pretty good for me. That assumes, of course, that cap gains taxes are not 44.5% and that society as a whole has not degraded too much.

Can you believe the stock market is STILL going higher? I don't see anything particularly good to justify it.
''

[SeaBlue]

The CBDCs certainly can expedite their money printing and any outright theft outside money printing they have planned. In addition they have much tighter control over you in several ways a la the Chi-com social credit score system. One question I pose to you is what about those who don't have phones or computers? Do they screw us again by having our tax money pay for phones for everyone? I know they are doing that now, but under the new system it would literally be everyone.

I was pretty surprised when Gammon said they did not want smaller bills. I would think smaller bills would be preferable to make change. I guess not. I know when Jeff Berwick went to Venezuela a few years ago he had to pay for lunch with a backpack full of local paper.

Per another of your points - the businesses adjust and set up their money flows around whatever is in place and it is sometimes better to maintain than change. Not to mention yet another thing you mentioned - the perverted system creates entirely new businesses set up around the system being perverted and those business owners do not want change because it puts them out of business as you noted.

It is truly tough to hedge all this but diversification will soften whatever happens. Stack, buy shares, buy physical things you think you might need that might be expensive later, try growing more of your own food, defense items, canned foods and whatever else gives you peace of mind. If I spend a few thousand and nothing happens I will have zero regrets. Actually, I hope nothing happens.

[Implanting]

I had another thought about this video. Remember in the video George made mention of the individuals that were looking to for denominations of $100 dollar bills to convert from pesos. He said converting the pesos into say $20 denominations was too small and meant holding too many bills. Well imagine how many physical notes you'd have to hold in pesos? Stacks and stacks of them. LOL

I'm thinking that this may be the reason they'll HAVE to go to the various CBDC's. All of that is on a computer screen and doesn't have to be physically held by anyone. Just like fiat money being too cumbersome to hold physically, when they really start creating dollars in a big way people won't be able to handle the volume of PHYSICAL money anymore. It will be too overwhelming. Just like the Argentine peso or in Weimar Germany. It grows past the point of being fungible anymore.

Just make it numbers on a computer screen and not have to bother with the physical issues involved with creating new money.

[Implanting]

The moves we're seeing now in silver and gold are just the beginning of a much bigger move to come. These moves need to be somewhat measured in what they do as to NOT be too much, too fast. We know at some point in the future we'll see higher, faster, moves in the prices that have the Sheeple wanting to join in the party. I'm hoping that happens in an orderly way.

The convincing break through $30 silver we saw yesterday is very encouraging and IMO sends a signal that this is the time we should see higher silver prices at least in the short run. I believe this is overall market froth. We also just broke through the 40K mark in the Dow. That's an all-time high, so the PM's are following this over-bought market higher IMO. This is not market fear, but market FOMO.

When the air finally comes out of the balloon is anyone's guess, but what we're seeing in the stock market now can't go on indefinitely.

https://www.kitco.com/news/article/2024-05-17/silver-price-makes-move-above-30-analysts-say-its-just-getting-started

[Implanting]

That was extremely interesting to hear what George had to say. He mentioned things I didn't know.

The first part of the video when he talked about traveling through Argentina was IMO fairly predictable. As he said later in the video if he knew people and had networked to be able to know who might buy his gold or silver, my guess is he would have had no problems selling it. People want dollars ONLY because dollars are more FUNGIBLE than are PM's and he explained that in some detail. The dollar's usefulness is that it's pretty much internationally accepted, especially in places like Argentina where the Peso is really trash. I thought the story he told about the Guy "flipping" dollars is probably quite common in a place like Argentina. The government has no control over money, so the Citizens have to attempt to make a living off of buying and selling forms of money that are worth something.
That part was amazing.

I didn't know that NEW fiat is created when the bank loans out money. I thought that money came from already existing money creation.Ya learn something every day.

My guess is that George's travel experience in Turkey will be much more favorable for PM's. IMO the areas of the eastern world will be much more friendly to people looking to exchange fiat for PM's. I wouldn't think he would have any problems whatsoever if he does a little networking prior to the trip/

[Implanting]

Both gold and silver are moving BIG today. Silver has sliced through $30/oz. in a very convincing manner. This is great news.

https://www.kitco.com/charts/silver

[SeaBlue]

Interesting experiment by George Gammon. A long video but interesting if you have some time.

[Implanting]

I wonder how civil war would play for gold and silver? I'm guessing it would be explosive in a higher way. Ray Dalio seems to think the probability is high.

https://www.msn.com/en-us/money/savingandinvesting/billionaire-investor-ray-dalio-warns-u-s-is-on-the-brink-and-estimates-a-more-than-1-in-3-chance-of-civil-war/ar-BB1muUad?ocid=msedgntp&pc=U531&cvid=e7df29dd6c7a427bb430d8dd47981687&ei=14

[Implanting]

I've hearing on MSM and what I read that China is supposedly coming out of their recession, so that may be why the increased investment going into China from these big investors. Makes sense. Everybody with any technical expertise knows gold is going up, the trick is when is the really BIG move higher coming? Will it correct before that parabolic move higher? IMO it will if we go into the recession that I think at some point is inevitable.

The question to be answered is how high does gold move before that correction happens. Silver cracked $30 this morning and pulled back.

[SeaBlue]

Interesting that he is taking a larger position in China. I guess the thinking is that they will fare better in a worldwide economic downturn?

The larger position in gold is pretty understandable as countries just print money.

[Implanting]

The Big Shots are taking positions in gold and in China it would appear. Wonder why? LOL

https://www.kitco.com/news/article/2024-05-16/big-shorts-michael-burry-makes-10-million-bet-spott-gold-trust

[Implanting]

A really nice presentation about what's happening with the PM's. I thought it was interesting to hear him speak to the current breakout for gold occurring WHEN the stock market hasn't rolled over yet because traditionally PM's and PM miners do better after that happens and the rotation begins into those assets and out of the higher beta stocks. He also talks in depth about the miners too.

[Implanting]

O.K., David Lin has hit a grand-slam, home run with this interview. Prof. Steve Hanke and Peter Schiff together.

I thought these Guys were going to agree on about almost everything they talk about, but boy was I wrong. The drift I got from Prof. Hanke is he wanted to take Schiff to SCHOOL on just about everything economics related. Hanke disagreed with alot of what Peter said and wasn't shy about calling him out on it. I thought Peter made some good responses to Hanke.

David Lin shows a clip of Jared Bernstein, who's the head of Biden's economic team. This Asshole wouldn't know economics if it came up and bit him on the ass. A kid studying high school economics knows more than this Loser. Another MMT advocate.

The one big thing both people agreed to at the end of the video was Bitcoin is a disaster waiting to happen. I enjoyed hearing the back and forth.

[Implanting]

I ran across this video with Chris Vermeulen speaking to my point about mining shares tanking in a down market. Go to about the 6:00 mark in this short video and listen to what Chris says. I believe he's correct.

A rising stock market will lift ALL stocks with it and when the market falls mining stocks will fall too. The physical gold price may not fall as hard because some investors will rush to the perceived safety of physical gold. This is not new.

[Implanting]

If you haven't seen this article you need to read it. It explains the U.S. debt and the huge problems coming a head from it. Everyone's finally beginning to see through the BS and come to grips with reality.

https://www.zerohedge.com/geopolitical/broken-magic-trick-behind-dollar-dominance

[Implanting]

I can't believe what I just heard on MSM biz news. A regular guest on Charles Payne's show said he was looking at GOLD MINING STOCKS now.

I almost fell out of my chair. Unfucking believable.

[Implanting]

This is BIG GOVERNMENT at work. My guess is that most of it went into Democratic donors pockets. The advocates of the New Green Deal story and their constituents

This is what happens when the govenment is way too big and out of control. WASTE, FRAUD, AND GOVERNMENT OVERSPENDING is the result.

[Implanting]

In the last big move higher in the gold price (2010-11) which also had the miners moving higher with it, beginning in about 2008 (the Great Recession/financial crisis) the stock markets tanked and the Fed began DROPPING interest rates because of the recession. The stock market tanked, along with gold and silver prices during that time. The gold price corrected over 30% from 2008-09 before reversing higher, going parabolic, and breaking all-time highs. That's when you wanted to be in the miners, as they were going crazy higher in 2011. Then it was over.

The period of time AFTER the gold price corrected was the buying opportunity because gold/silver sold off along with the panic market sell off. People sold everything they had a profit in to raise cash, including their shares in the miners.

Will that happen again this time? My guess would be YES it will. The Banksters are going to need a reason to begin dropping interest rates and my thinking is that something is going to cause that to happen very soon. When and if it happens, we'll see panic selling again for a period of time before money comes back into risk assets like gold miners. The gold price will go parabolic again, like in 2011, and the miners will enjoy a mania following the big gold price move up.

That's my take on it. Right or wrong.

P.S.: If FMG has positive company specific events happen to get our share price up significantly from
where we currently are, then the bottom may be in. If the share price stays down here prior to a big market correction, then we should see a retest of those old lows. JMO

[TommyJ7651]

I can very well see this happening. But it is also possible that we go through something like the "Nasdaq crash" where the big tech stocks crashed like crazy while gold mining stocks actually rose or stayed flat during the crash. The reason for this would be that if we have a bad recession on the horizon then by all logic growth stocks and tech stocks should suffer, but at the same time, the pressure will grow to lower interest rates which would support miners very much if inflation is still somewhat above the Fed's target levels. Stagflation has been a very good environment for miners, historically. Of course, if we have a very bad stock market crash where we are facing a liquidity crisis or freezing of the credit markets then for sure every single stocks would most likely suffer.

I think a very severe stock market crash / liquidity crisis would most likely need a real "black swan" type of event to happen.

[SeaBlue]

I can't tell you how infuriating that article is......so where did that money REALLY go? That is the question.

[Implanting]

I like getting differing points of view as to the big picture story. Here's Brent Johnson of the Milk Shake Theory fame speaking to what he sees happening now.

Johnson thinks the dollar will be around for much longer than most of us think it will and he talks about that some in the video. He makes comments about what's money and gave the analogy that cigarettes were used as money in prison AND that when confidence in fiat money is lost ANYTHING can be used as money.

I would agree with him there, but the part of the story that he doesn't seem to get is that THE CENTRAL BANKS ARE HOARDING GOLD CURRENTLY, NOT DOLLARS, YEN, EUROS, OR YUAN. I'd like to hear what he says about that. Sure they play their devaluation games between countries to fuck their enemies when they have to, but what happens when the Top Dog is taken down? That changes the whole story IMO. Confidence lost in a country is the same as confidence lost in that country's fiat currency.

Johnson talks about the way the System works now, but what happens to the System when major changes are made to it? IMO that may be what's coming.
Ala, the next Bretton Woods.

[Implanting]

This is exactly why the dollar is toast and most likely the American way of life with it. Your tax dollars at work or should I say WASTE.

https://www.zerohedge.com/markets/your-tax-dollars-work-75-billion-has-produced-just-7-charging-stations-across-four-states

[Implanting]

Without knowing what deals may be brewing behind closed doors at FMG, I'm going to take the other side of the notion that we've bottomed pricewise.

I wouldn't be surprised if we touch those recent lows again, before we head higher for good.

I do that on this premise. We're where we are now on a rising tide in the overall markets. I think at some point probably before the end of this calendar year that's going to change, and the markets begin selling off in a big way. If and when that happens ALL stocks are going to fall. We'll most likely be going into a recession or slowdown in the economy, so no stocks, including the miners will be spared.

I also think this downturn could see the rotation of investment money out of financial and tech stock areas and move money into the commodities arena that's been so unloved for years now. We'll have to see how it plays out, but I'm still keeping my powder dry for now.

If I remember what Keith said on the last webinar he was on, he commented that he wanted to hold 50 million FF shares before the end of this year. If he's still looking to do that, he actually needs to pick up his buying numbers.

[TommyJ7651]

Keith buying again on the open market, another 250k shares on 7.5.2024. He now owns 30,4 million shares, most of which have been bought in the open market and in pp. I still think we bottomed out at 10 cents back in february.

[Implanting]

We've talked here before about the possibility of gold being REVALUED HIGHER. I'm posting this video on the speculation of that happening.

Luke Gromen seems to think the U.S. is in a situation where revaluing the gold price higher is not so far-fetched. Listen to the logic behind what he's saying and where the price higher COULD BE.

There are many factors that would play into something like this happening. Listen to what the commentator says. The dollar's value would drop bigtime. The silver price should follow the gold price up in such an event.

https://goldsilver.com/blog/20000-gold-is-a-treasury-revaluation-possible/

[Implanting]

This a fantastic interview from Larry MacDonald off the Kitco site. I see this Man on MSM TV very regularly and he's really on top of things.

Larry covers a LOT of ground in this interview, and he talks in depth about the coming rotation OUT of financial-type equities and what will come very soon as the money begins to move into commodities and commodity-based companies. The population of the world has grown exponentially, but commodities have lagged for years in investment and interest. That's got to change.

He has a lot of positive things to say about the metals and it sounded to me like his favorite metal is silver. He talks about it a lot. He's very bullish on platinum too.

[Implanting]

Yes, he's painting a very gloomy picture for the next several years for sure. I found myself agreeing with a lot of his points, especially those concerning the government caring less about people's personal freedoms now and how a lot of that could play out. I really agreed with the points he made about Trump maybe NOT winning the election because of it being rigged again. It the Elites come up with another pandemic scare or a bird flu scare before the election that prevents the vote from getting out, Armstrong may be proven right. Time will tell on that.

If like he said NATO accepts Ukraine into the group, that would ramp up the war there in a big way. What would China do then? Would Xi stand behind Putin against the West? We would have to see how that plays out, but it's possible I suppose. We could at that point have WWIII on our hands.

There's a lot of different dynamics coming into the picture and the Global Elites like Armstrong said WANT WAR to distract the Sheeple about the overwhelming debt and social problems that confront them. We're going to be heading into that period of time probably next year/2025 and 2027 almost seems consensus on when something really bad happens.

His comments about CBDC coming and the dollar's demise were very telling too. Physical silver is still very cheap here, compared to where it may be in 2-3 years. I may have to buy more soon.

[SeaBlue]

Just got done with the Armstrong video. His position on gold certainly has become a little more friendly over the years. To hear him agree or say you should have 2 years of food is a bit concerning. People definitely are interested in what he has to say......his conferences and books are not cheap. I actually considered going to one in Florida a few years ago.

Unfortunately he seems to be in the camp now that conflict is more likely than not. What kind of conflict? Take your pick - kinetic between countries, societal, economic...

[Implanting]

Just watched this Martin Armstrong interview. I wanted to post the link because there is some discussion on gold in it.

Armstrong talks about a LOT of different things that may or may not come true, but what he says is certainly controversial. I agree with much of what the Man is saying. His take on what these world governments are doing is spot on.

Also, listen to the date that keeps coming up in many pundits time line that is 2027. That seems to be the date all Hell breaks loose. I've heard a half dozen different people talk about that year being crucial.

https://www.zerohedge.com/geopolitical/you-need-two-years-food-martin-armstrong-warns-there-will-be-shortages-perfect-storm

[Implanting]

This could very well be the Black Swan that brings down inflation and issues in a coming deflationary bust. This Man knows real estate and what's going on behind the curtain with it. If he's right the Banksters are going to have some big problems coming.

https://www.msn.com/en-us/money/realestate/billionaire-real-estate-investor-barry-sternlicht-says-he-expects-at-least-one-bank-failure-per-week-due-to-real-estate-loans-that-s-a-fragile-animal-right-now/ar-BB1m3wkw?ocid=msedgntp&pc=U531&cvid=5b28b00620c34b4fab7ce192f3f9b5a3&ei=17

[Implanting]

Another really good George Gammon video on what he sees coming. In this video George talks about how he thinks the Banksters are really MORE concerned now with the coming deflation shit-storm than continued rising inflation AT LEAST IN THE NEAR TERM.

This is exactly what Prof. Steve Hanke has been saying because of the huge drop in the money supply. We know J.Powell wants to begin dropping rates as soon as he can, but the "data" they supposedly follow isn't allowing them to do it. I expect them to start "cooking the numbers" to reflect worsening economic/job conditions or to actually cause some event to get the inflation numbers dropping faster. They'll need to begin dropping interest rates sooner than later to head off the coming DEFLATION.

Of course, the continued fiscal spending being done by the Dems is just exacerbating the problem for the Fed and keeping inflation elevated.

[Implanting]

O.K., this video with Steve Lines and Ron from Ron's Basement is about 6 months old, but still very relevant now. Steve gives a good overview of how the process works and what he and his team have to do to get Springpole permitted or to get Duparquet reopened and operational again.

This is a must watch interview. Steve is top notch and just to hear him talk gives me a lot of confidence this will all get done.

[Implanting]

Mike Maloney speaks to where he sees silver going. Triple digit silver is coming according to him.

https://goldsilver.com/blog/silver-a-quadruple-from-here-is-logical/

[Implanting]

I actually posted that he bought shares BEFORE he bought them. I was mistaken and thought the purchase he made in April was for this month. He bought this most recent block of shares a day or two after I posted. LOL

You may be right that the Company is making an effort now to be more self-promotional and open about moves they're making. I see that as positive because issues like the shares sold for the new Treasury shareholder merger clears up why it was done. That's a good thing.

[joe_techi]

Thanks. I recall you posted about this days ago. But FF doing two tweets in 2 days is an anomaly. Maybe getting a little bit more into social media self promotion. Hopefully that isn't signaling an impending cash raise/dilution event

[Implanting]

Here's the public confirmation of Keith's most recent purchase. Bought on Monday the 6th of May.

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

[joe_techi]

$ff Thank you again to Chairman @keith_neumeyer who purchased 250,000 shares in the market on May 6 for a total of 2,250,000 in 2024 and 12,250,000 since December 2023. More great endorsement from management !$ff $ffmgf #gold

— First Mining Gold Corp. (@FirstMining) May 8, 2024

[Implanting]

Updated commentary from Gareth Soloway on gold/silver technicals and what he sees for the market going forward.

[Implanting]

I almost forgot to comment that INDIRECTLY Blackrock is investing money into FMG. We still own 20% of Pickle Crow, maybe at some point in time Blackrock will back Firefly in buying out our remaining portion of the mine.

That Dan better not give it away this time.

[Implanting]

So, from what I can take from that comment it would seem that FMG sold their shares to facilitate adding new shareholders to Treasury. Those folks would most likely be the new Blackwolf merger people and maybe some for Frank G.

I personally hope they hold the rest of their shares for down the road when they're worth a lot more than they are now.

[SeaBlue]

Joe, great catch! EOM

[Implanting]

That's interesting. For Firefly I would think it might be a nice positive. Blackrock can invest their money and let them do the mining.

[joe_techi]

Implanting + Seablue. Maybe a hint in this tweet although I haven't spent the time to think it through yet
First Mining Gold Corp.
@FirstMining

We are delighted to have facilitated a trade of a block of shares to add new strategic long-term shareholders to Treasury Metals while continuing to remain in strong support of the on going merger!

@TreasuryMetals

@BlackwolfCuAu
$ff #gold

We are delighted to have facilitated a trade of a block of shares to add new strategic long-term shareholders to Treasury Metals while continuing to remain in strong support of the on going merger!
 @TreasuryMetals @BlackwolfCuAu $ff #goldhttps://t.co/OQVTm25APH

— First Mining Gold Corp. (@FirstMining) May 7, 2024