Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lots of events and information to digest this week - my take away is that I should double my position in Auteco and let the dust settle around FMG and Treasury. Auteco announces a 70% increase in resources, states they are going gangbusters with current phase of drilling and preliminary results look great and share price goes up marginally. Seems to me that end of year update should have PC well over 2 million ounces. The one concern I have is that all the resource is in the inferred category (opinions please). The fact that this resource was once in production gives me a comfort level that the gold is there.
I am still positive on FMG and Treasury. If I had to put more money in one of the two right now, I would place my bet on Treasury. Have a great weekend everyone and welcome your thoughts
That’s quite an update SeaBlue. Let’s hope a 71% increase in resource = a 71%+ increase in stock price. More to come for sure. I think this will grow to 3 million ounces in time
I bought my Auteco shares under the OTC ticker MNXMF. My nephew bought direct on the Australian exchange. All of my orders and all my nephew’s orders filled. I believe I paid a little more commission than he did. We both bought our shares a couple months ago
SeaBlue - I thought webinar was informative as well.
Nice seeing Auteco make a move up the last couple of days with heavy volume. Assume an update is coming soon
Implanting - I think that Goliath and Pickle Crow will be in production before Springpole. I think Treasury and Auteco are in high gear with the drilling. I don’t get the same sense of urgency with FMG. Good news is that all 3 have raised a bunch of money, have plans to push their projects forward and have added many competent members to their teams.
Maybe Keith can step up on all of these in the future. Now that he has moved into Gold with Jerritt Canyon, who knows.
Farmer Brown - can’t disagree with most of what you’re saying (in addition to veggies and exercise I find a stiff drink can also be beneficial) - speaking of Keith - saw this today - looks like Jerritt Canyon is off to a great start. At this pace there will be plenty of cash to fund Springpole!
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1082-tsx/fr/103035-first-majestic-produces-3-3m-oz-silver-and-46-545-oz-gold-6-4m-silver-eqv-oz-in-the-second-quarter-of-2021-announces-updated-2021-guidance-new-board-appointment-and-conference-call-details.html?utm_source=newsletter_1148&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y
SeaBlue - I think implanting is probably going to be right - expect a FMG/Teeasury pep rally
Farmer Brown and gang - not sure who is positioning which way ahead of the distribution and who will be dumping FMG and/or Treasury shares afterwards but it is my long term plan to accumulate more Treasury shares. I think it is a great property with a very good management team and funding to get into 2022. Gold prices will certainly crack 2,000 again this fall and it will be GAME ON for the juniors. I took a position in Auteco a couple months back and will do the same in Treasury in the weeks/months ahead. I feel many FMG shareholders will do the same.
Thanks Implanting - just registered
Let’s hope they can use the lake to protect the camp facilities and get everyone back onsite working safely again. Be good to have the drill program remain on track
Happy 4th of July to the First Mining USA family. God Bless America, our friends to the North and all freedom loving people throughout the world.
SeaBlue - thanks for posting Auteco video - looking forward to Auteco drilling update this month. I also see that Big Ridge is pushing forward as well.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/875-tsx-venture/brau/102345-big-ridge-gold-announces-closing-of-5-0-million-brokered-private-placement-and-strategic-investment-by-michael-gentile-cfa.html?utm_source=newsletter_1141&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y
Just saw this on Yahoo Finance https://finance.yahoo.com/news/first-mining-announces-voting-results-214700299.html
Any news from the shareholder’s meeting today?
SeaBlue - thanks for posting webinar - wasn’t able to join on Tuesday. I think this team is for real and like Auteco worth taking a position in them - even if the stock price doesn’t go down. I am confident that with further drilling this will grow to a 3+ million ounce project.
Did anyone have an opportunity to participate in the Treasury Metals webinar on Tuesday?
Had an opportunity to listen to entire Monday webinar. Evident to me that Springpole and Cameron are the crown jewels of the portfolio. Appears that FMG has the resources to push both properties to permitting and that FM has the access to resources to get both into production. Plan to hold my shares and ride the wave!
Thanks SeaBlue and Honu - just gave Keith a listen - let’s hope exciting times are ahead!
Was able to only log in to webinar for a short time today - if anyone comes across a link to listen to entire webinar please post - would love to give the entire webinar a listen. Happy to see FMG crack through $.35 on high volume today
Ironyman - I care, my brother in law, 2 nephews and mother in law care. We have all been accumulating shares. Great to see today’s move north and look for a step up to $5. We are in production and adding mine life - congrats to Clynt and the team
Cryptos getting toasted again today - let’s hope for a mad dash to gold and Silver this week. Be nice to crack through $2,000 and $30 again and really get the party started!
Hi Implanting - if I remember correctly, the private placement they did for the institutional investors, diluting our shares last year helped crash the price as well
Implanting - I agree 100%
Based on the video you posted, most of the big players have no debt, plenty of cash and the longer gold remains above $1,700 the more cash they all will be printing - just a matter of time before the spending spree begins and they recognize that FMG is the bullseye of junior mining companies.
Implanting - I would take the $2 as well
COminer - I have to agree with a fair value of $1.20 to $2.00. If i remember correctly the company came public at $1 - went out and bought assets at 15 cents on the dollar when gold prices were in the dump. Now Gold prices are high, properties are progressing along and the stock sells at 28 cents. Make no sense. Our time is coming!
Great video Implanting - always good to hear from someone who has a proven track record. Reinforces that (even with the poor share price performance) we are all in the right place with FMG.
Those shorts can’t be too happy today
Great catching up on everyone’s info and thoughts. I think it is OK for investors to share their concerns about the share price. First Mining has been a definite underperformer on that front. I am encouraged by many of the developments the last year and think the company is conservatively worth $1. I plan to hold my current shares but unfortunately can’t justify buying more. I have been directing my new purchases elsewhere. Recently accumulated shares in Auteco and based on how many Treasury Metal share I get, may add to that position in the summer.
A positive outlook for Gold and Silver from a guy I have followed for years.
https://kingworldnews.com/dr-stephen-leeb-4-10-2021/
Hope mom is a good cook Ironyman
Ironyman - you may need to rally your Reddit buddies to burn these shorts out
You’re welcome Wooden Indian - I find this a great place to come for information, analysis and unvarnished opinion - all helpful in making buying decisions. I recently took a position in Auteco after that webcast, look forward to June to see how many Treasury shares/warrants I get. If not a meaningful amount I may go on the open market and take a larger position there. Wish the FMG stock price was doing better - but seems to me - all good news on our projects.
Not one of the experts but I did log in to the webcast. Appears that Jeremy is capable of driving the Goliath project to the finish line. Like our other projects we have to be realistic and accept that production is a few years out. This may end up being the first of our projects to come online but it sounds like 2025.
By the end of the year, I assume the resource will be reevaluated at around 2 million ounces and probably another million ounces will be mined over the life of the project making this a 3 million ounce resource. Plenty big to get others attention over time. These juniors require a level of patience in a world where many expect instant gratification!
Hopefully this diamond in the rough will be noticed soon. Until then, I am patiently rooting along all the progress being made on our various projects. I think this collection of projects will yield over 15 million ounces of production over the life of these mines. That’s significant!
Stockcall - I think the treasury webcast is tomorrow not Thursday
HONU - be nice to see that number jump substantially. I see in Auteco presentation that top 20 investors own 60% of the shares. The management and directors own 22% versus FMG at 3%. Adding in the 2% First Majestic owns puts FMG at 5%. Be a great time for Keith, Sprott and some other heavy hitters to start buying millions of shares of FMG in the open market.
Thanks, appreciate the explanation - I have never shorted a stock - I know it is an important part of many investment strategies - always been in the mindset of betting on the positive (long plays). Hope I’m not just being a stubborn Italian!
Dingocub - I am more focused on the near term silver play with this one. Sounds like in second half of year that will have current plant at full capacity doing 1 million ounces a quarter.
SeaBlue - not sure if you also own First Majestic as I do - I respect Keith and look forward to good things with that investment (as I do FMG) but feel that Alexco stock price is much more responsive to the moves in Silver - up and down - if silver gets to $100 - we’ll be sitting pretty with this one.
One analyst I listened to a few months back was not an Alexco fan because of the Wheaton royalty. My understanding is that the royalty was recently renegotiated. My mother/in-law owns some Wheaton. Pays a little dividend and is projecting $1 billion in cash flow this year. Maybe they can pay bust out retail for First Mining!
Ironyman - educate me - is the 27% relevant to what someone would pay to place a short on Alexco?