First Mining Gold Corp (FFMGF)

[Implanting]

This is the way I see a dream scenario playing out for FMG and Shareholders of FMG.

Get a JV deal to fund mining again at Duparquet asap. That would allow us to get some real cash flow going in the near term and also be a big shot in the arm for our stagnant share price. Without knowing exactly how long it would take to get the permitting to resume mining operations again at Duparquet if we were to partner with someone with deep pockets to begin mining gold there again IMO that would be HUGE for us. That's just for Duparquet.

What we could do at Springpole is another story. Once we get some money flow going at Duparquet why at that point wouldn't they want to consider keeping Springpole for ourselves or merging with First Majestic to fund building the mine? That strategy makes a lot of sense to me, as Springpole is much farther out on the horizon timeline. If the gold and silver prices move to the levels we expect them to move in the next few years First Majestic would be rolling in cash and would most likely be looking to invest in other projects, like Springpole. Keith wants to diversify more into the gold space anyway. so like Jerritt Canyon that would be a move more into gold mining and be a more stable solution for First Majestic. He doesn't like the big price fluctuations that silver exhibits.

IMO much of what they decide to do will be the availability of credit and how high the price of gold and silver will be AFTER we finalize the permitting of Springpole. My guess is that by that time we'll see much more merger activity in the mining sector and BIG investment money coming into the sector.
That's been a major problem up until now, but will most likely be a major factor in how they proceed at that time. My feeling is the environment will be much improved then from what it is now. We certainly should see lower overall interest rates by that time.

I would agree that our Management has many options to weigh before finalizing the direction they take, but the pieces of the puzzle are starting to fall into place and I feel very good about the Man steering the ship is Keith Neumeyer. He knows what he's doing and that's the most important factor.

I can also sleep good at night knowing that IMO the majority of shares held in FMG are in strong hands. I base that opinion on thinking that as low as our share price has gone in the last several years most people that hold shares now are in it for the long haul and want to see big returns down the road.
They know Keith and what he stands for if they hold for later share gains.