First Mining Gold Corp (FFMGF)

[Implanting]

I agree with you that dilution is hurting the share price here, but it's either share dilution or going into debt to operate the Company. Pick your poison.

I have to disagree on your premise there's been no progress with the Company in the last three years, even in a mining sector bear market. They have pushed ahead in looking for gold on our properties and have added value in that regard. Have they hit a home run? No, but finding more ounces makes the properties more attractive to potential buyers/partners so what they're doing is necessary IMO.

I see a lot of value in the Company (the shares are depressed) because it's undervalued to it's peers in a big way. A higher gold price is definitely going to have to happen, but that's going to be required for the mining sector as a whole, not just FMG.

I don't have the numbers on hand to back it up, but I would bet most of the junior/explorer miners are deep in debt or have heavy share dilution. That's the nature of the sector. Most of them either go bust or get bought out.