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ValueInvestor001

10/21/19 3:59 PM

#10005 RE: SeaBlue #9975

They don't, but what about using the same methodology as First Mining (that is to issue shares)? I think FF is more eager to find cash buyers for their properties than stock buyers, but who knows?
First Mining could then distribute these shares to their investors by way of a stock dividend.

On the other hand, I think TML could also be a good addition to FF's portfolio, as their Goliath project has received approval from the Minister of the Environment and Climate Change to proceed.
As this project is much closer to production than both Springpole and Goldlund, the cash flow from Goliath could then be used to develop these 2 properties.

Just my 2 cents, but I was surprised to see so many references to "consolidation possibilities" in Goliath's immediate district in their corporate presentation...