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Re: Squeejo post# 5544

Wednesday, 05/24/2017 2:04:06 AM

Wednesday, May 24, 2017 2:04:06 AM

Post# of 19853
yes, nice article,

Conclusion

I generally cover even smaller caps and use the conclusion to warn the reader about bid-ask spreads and liquidity risks. In this case, while still advising prudence in trading in general and specifically in penny stocks like First Mining, we can assess with assurance that this company represents a sound investment if you believe in a flat or rising gold price.

First Mining is undervalued and should be added to a gold mining portfolio for four separate reasons. Firstly, it is valued less than one of its main projects NPV5. Secondly, it is undervalued compared to peers. Thirdly, it currently has good momentum and the cash on hand to explore and advance her projects. And lastly, it is valued at only $19 for oz Au in the ground on a diverse portfolio of projects in north America while being managed by individuals that made it big in the business multiple times.

Thank you for reading, I hope you found this article interesting, share your thoughts in the comment section or leave a question, I will try to answer as best as I can.

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