Replies to post #15073 on First Mining Gold Corp (FFMGF)

[Implanting]

Seablue, I heard something on this presentation I wanted to hear. Ray said the mine is permitted until 2067, so that may mean just getting an O.K. from the government there to resume production is all they would need to get the ball rolling again. We'll find out more next week from the webinar, but that would be great if that's the case.

Some of what Ray was talking about with the existing infrastructure there at the Camp even implied that they might have some sort of milling capacity there now. I think he mentioned about it being small, but maybe it's something they could build-out or add to. Interesting ....

[Family Roots]

Great update Sea Blue. Sounds like only 4 of the 6 rigs planned are spinning. Great team driving the project and I look forward to webcast on the 30th. Have they announced any dates for when they might be in production? Implanting needs to get us some of these shares!

[Implanting]

I listened to the presentation again. I wanted to focus on what Ray was saying about the infrastructure that's at the camp now. What I got from him talking and the slide was that there was:

1) the processing plant that was never commissioned(225 TPD).
2) 24 person camp
3) 600 KW generator
4) core processing facility

So, here's the question I have. If they never commissioned the plant before the mine closed down how were they processing the ore before it shut down? Ray doesn't explain that, but in my way of thinking Auteco would almost be forced to build a new, updated mill to process the ore at some future time and if the funding is available.

Are they going to be able to build a new mill without jumping through a lot of hoops? I don't know.
Would the old processing plant even be salvageable after being in mothballs for so long? I don't know that either.

I suppose there's also the possibility of trucking ore to the nearest mill for processing, but how cost effective and feasible that would be is up for discussion.

IMO the biggest and best thing is they have the right to mine the resource until 2067, so that's the biggest hurdle to clear.

Not to beat a dead dog, but I still think Keith let this resource slip through his fingers. We left a lot of money on the table with PC.