First Mining Gold Corp (FFMGF)

[Pollisis]

Surprisingly fast. I had a conversation with management in January where it was conveyed that theoretically they could be pulling gold out of the ground by the end of this year. They said it probably wouldn’t happen that fast but it could be done. There’s not much for us to do as we wouldn’t need a full EA and we wouldn’t need to build a mill. As long as we are under 2000 tons per day, it’s a very fast approval process. There are multiple mills within 30-50 kilometers from us so we would need to make an agreement with one of those and then put together the logistics on trucking the tonnage to the chosen mill. The costs per ounce would be a bit more expensive as we would have to pay the mill a per ounce fee and we would incur the transportation cost but with gold above $2100, that’s easily digested.

The upfront cost is virtually zero. I don’t see much in the way of drawbacks to moving forward this way. Based on my conversations, I believe that FF will institute a plan for this. There would be immediate revenue and decent cash flow. In addition, I think the market would view this plan favorably.