First Mining Gold Corp (FFMGF)

[TommyJ7651]

I think we are getting closer to a situation where First Majestic Silver might make a move on FFMG. Their cash flows will increase significantly with the rising silver price and Keith is known to make bold moves. I really think he has a vision to merge these two companies long term to create a big Gold/Silver miner. He has admitted this openly in an interview so we know this has at the very least crossed his mind. He bought another 250k shares again on 7/5/24. The Jerritt Canyon acquisition by First Majestic was a clear message from Keith he is looking to expand more into gold and also outside Mexico. Keith knows the value of FFMG which is why I guess he also does not want to create a situation where First Majestic acquires it too cheaply because that will look bad when he is chairman & ceo in these companies. I think this is also one of the reasons why no other major company has tried a hostile takeover on FFMG because they probably know Keith will intervene with a better offer from First Majestic. Keith is quite known to be aggressive in these types of situations. He is a long term investor so he keeps acquiring shares in FFMG slowly but surely which is what we should also do if we believe in this company. I think right now FFMG has around 2-2.5B (CAD) worth of net asset value.. easily at these gold prices. Applying a discount this this NAV of around 40-60% and and you can see why this company should trade north of a dollar (CAD). I will keep accumulating shares for as long as we stay under 20cents or so because I am more or less 100% certain some major gold producer has to be interested in either Springpole or Duparquet (or both). Investors really don't seem to understand how rare Tier 1 assets in good jurisdictions actually are and also how advanced Springpole is from a permitting perspective.

Just sit tight and keep accumulating... I think we are going to see an insane bull market in miners very soon.. Btw, I was an early investor in First Majestic Silver some 20 years ago when the setup was more or less exactly the same as with FFMG today. This industry always gets hated at some point and then suddenly everyone is rushing in to buy everything with the name "gold" in the ticker.