Replies to post #16897 on First Mining Gold Corp (FFMGF)

[SeaBlue]

I remember talk about drilling at Cameron in the past and none has taken place to my knowledge. Has additional drilling started at Springpole or is that on the agenda for next year or some later time?

[SeaBlue]

I remember talk about drilling at Cameron in the past and none has taken place to my knowledge. Has additional drilling started at Springpole or is that on the agenda for next year or some later time?

[Implanting]

I look at it this way. All three of the deals FMG made with Auteco, Treasury, and Big Ridge were obviously designed for them to move forward with drilling/exploration. FMG didn't have the money to do the drilling, so Dan gave away large parts of those resource properties to have our partners drill asap. That was his game-plan.

Every deal Dan did with our partners were "company making" deals for our partners
They get the majority of the gold in the ground and we get a lot of their shares, a percentage of what's left of the properties, and some royalty revenue. The best part for FMG was that they don't foot any of the exploration costs or have more share dilution doing so.

Because, to this point, we don't have a partner for Springpole we'll have to pay for any exploration related to it or to Cameron. I don't think they're in a big a hurry to get drills going because that costs money and the money is tight. I think that's why it's taking James Maxwell so long to do his work. That's my take on it.

It actually may be more advantageous to our share price to try and do the drilling around a more favorable market environment and we know that's most likely not in the next 6 months. Timing when that might be will be difficult, but we know good drill results won't be rewarded in the current market.