First Mining Gold Corp (FFMGF)

[ZenDomain85]

Awhile ago, I did do some calculations of another explorer (much bigger than FFMGF) of their share price in relation to the ounces in the ground and it was nearly spot on to the ratio of share price to ounces in the ground of FMG (including both Springpole and Duparquet). So - FMG is not behind other companies in this sector - it is a .15 stock because that is the industry ratio that applies throughout companies at this stage. Once I did the calculations - I realized that narrative of we are behind is DOA.

I have received some feedback and what I will say - it appears not to be anything technical to the project itself. This is govt lethargy tied into timing and letting all interested parties to catch up. I am not going to speak on behalf of FMG, but this is not something Dan has control of.

My take: FMG has done its job - it is no longer about FMG or Dan - they did the work required. This is on the government now and perhaps FN's. Everything has been submitted and the questions are answered - what happens next is out of their control. I was under the impressions that FN's could not derail the process but maybe I am mistaken - it appears they might delay and be a PITA as long as they can in order to extract maximum concessions. This may be part of the game of doing business in Canada. It sucks but this is how people are - they want to maximize their turn at the trough.

I am hoping for the best from here.