First Mining Gold Corp (FFMGF)

[TommyJ7651]

I will just add one more interview: The Keith Neumeyer Interview

Keith states very clearly in this interview that the criteria for First Majestic acquisitions is a project either in production OR a project permitted and ready for construction. He also states they are looking for projects outside Mexico and the US, specifically Canada but also Europe and Australia.

What we can take from this is that for FM to acquire FFMG or form a JV the projects need to be permitted completely or at least advanced enough to soon be ready for construction. Well, we know Springpole is about 1 year away from complete EA permits and Duparquet is basically quite advanced in the sense that a starter pit operation could get going in 1-2 years.

This is why I was saying earlier that Keith or FM is in no rush here to acquire FFMG even though it is trading very cheaply and a hostile takeover can be prevented because he controls FM. Keith can just continue to buy up shares of FFMG every month while building his position and patiently looking at all options that come along the way before making a final decision what to do with the assets. This is the smart thing to do for sure and we investors need to understand this and be patient as well.

These assets will eventually get built, the question is really just in what kind of deal that will take place.