First Mining Gold Corp (FFMGF)

[eik]

Well, I have to disagree with you here.
Basically, there are 2 ways to lose your money in this stock:
1. If the company goes against you (files bankruptcy, heavily dilute shares, etc.) Hopefully it won't happen under this management.
2. If market decides that when you bought your shares the underlying assets were overvalued in currency you paid for them.

Last point brings another question "dollar lost 40%" comparing to what? Comparing to "the basket of currencies"? gold?...? If you know the answer you should probably keep your wealth nominated in those currencies/assets.
And the last one. Don't forget that with FFMGF you are holding ADRs to Canadian stock FF.TO which is valued in Canadian dollars. At any time you can contact your broker to convert those ADRs into original Canadian shares. Some brokers can still hold them online (like Scottrade or Etrade could do it in the past - not anymore). Others will send you paper certificates. Of course, you will have to pay brokerage/agent fees, etc., but you will keep roughly the same share of the company. So, what we should be actually watching is USD:CAD ratio. It's about 1.3 at the moment. If somehow it drops below parity (and we saw this before), your FFMGF share will immediately rally in USD terms. I was lucky to feel this effect with my basket of Canadian stocks several years ago. Of course, it's more complicated than that because FF pays some expenses in Canadian dollars, but initial reaction will likely to be like I've just described... with some retraction later.