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Lots to unwrap in the recent posts. For

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Family Roots   Tuesday, 03/30/21 10:07:13 PM
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Lots to unwrap in the recent posts. For starters, I found the webinar beneficial. I owned shares in the Pickle Crow project long before First Mining was involved. That is how I ended up with my original shares in FMG. Upon researching FIrst Mining Finance l came to learn about Keith Neumeyer and his vision of First Mining as a mineral bank. I have followed Keith over the years and respect his proven results at First Quantum and First Majestic. Even though Dan is running the day to day - It is Keith who will be the driver in leading FMG to a $1 billion market cap over time.

Implanting, I am hanging on to my FMG shares but am serious about picking up Auteco shares. I see an OTC symbol which trades only a few shares and an Australian symbol which trades meaningful volume. Plan to put an order in tomorrow and see if it fills. If anyone has an experience in acquiring Auteco shares - appreciate your feedback.

I understand you and Sea Blue feeling Dan negotiated a poor deal with Auteco. I may be simplifying the overview but in my mind we gave Treasury a property with a million ounces and ended up with 40% of their company and millions of warrants. We gave Auteco a property with a million ounces and will end up with less than 10% of their shares, 20% of the project and no warrants. I understand that there may be other aspects to each deal but to my knowledge above is the core of the deals.

My basic thinking on all the FMG properties is that Keith was extremely involved in the analysis and deal making. I trust his judgement on all the properties in the original portfolio. As shareholders we can be upset on the recent deal making but as investors it is important to determine the best way to cash in on these properties.

Specific to Pickle Crow, it is evident from the webinar that Auteco is going to aggressively drill the property and one day it will be a 3 million ounce project. At this point the best way to cash in is to own Auteco shares.

Last thought is that we have to recognize that Dan is not a Miner - he has never put a mine into production. If the deal with Treasury and Auteco give him some sea legs in moving Springpole and Cameron into production then the haircut we took on the Auteco deal may be worth it.

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