Replies to post #19047 on First Mining Gold Corp (FFMGF)

[Implanting]

All I can say is I hope you're right.

I also bought my first shares in 2016 at much higher prices and have cost averaged down about 9 cents below where you are, so I'm deeply underwater too.

My opinions on Dan I'll keep to myself, but it's a sweet and sour opinion for sure. No one can be happy with where the share price has gone over the years, and I agree with You that Dan as the CEO is responsible for the poor share price performance. I have a very positive opinion of Paul since he came onboard. I can only imagine the shit he's gone through.

I haven't talked to Dan or Paul specifically concerning the handling of the Springpole permitting, but until they hired Steve Lines and changed their procedure methods, the procedure wasn't the current one. That set us back at least a year in the process and I believe Dan should have been on top of that situation sooner. I'll admit he had a lot on his plate when he took over, but Steve Lines came onboard at least two, maybe three years AFTER Dan did.

On the subject of being at a bottom in our shares is I'm skeptical we are there just yet. My feeling is if we see a big swoon in the overall markets are some point this year or after the election that all risk assets will fall. Money will go into the dollar and U.S.treasuries until the Fed pivots and begins QE again. IMO after that happens we'll see gold and eventually the mining sector take off. I do think it's going to be interesting to see how our share price reacts to our final admission of the EA this Summer.
I'm hoping it's very positive.

Time will tell on how this plays out, but we should be getting ever closer to some sort of turning point for sure. THANK GOD.

[SeaBlue]

Enjoyed your post. Any idea on what kind of timeline we would be looking at for a smaller starter pit operation at Duparquet?

[TommyJ7651]

Thanks man for your posts. I'm new to this forum although been a shareholder since 2016, have about a million shares. Nice to see other "bigger" shareholders being active with management etc. I still very much believe in this company and their long term prospects are imo fantastic given the current macro environment for gold. Mining projects take their time and the big industry insiders often state you need to have a 10-20 year horizon if you intend to invest in miners in any serious way. This is also my belief when I started buying stock back in 2016, I knew it would take a while but I said to myself back then I will commit to this company as long as they are progressing meaningfully. I think it has actually taught me quite a bit to see this company transform from a "mineral bank" shell company of sorts to being this close to actually being developed into a real miner. You really start to appreciate how hard these guys are working to get things done in this very difficult industry. I believe we have a future multi billion dollar company here unless we get taken out before that. I have had my own suspicions for a while that Keith is brewing something behind the scenes with First Majestic now actively looking for new projects outside of Mexico. Even though they are very focused on silver, they bought Jerrit Canyon and they might very well be looking to expand more into Canada? I can definitely see a situation here where Keith would just buyout the company outright or make JV agreements to develop Springpole or Duparquet (or both?). Why not, First Majestic already bought that streaming deal with Springpole so It's really not far fetched to think they could do a future merger. Keith even admitted in a recent interview that this idea "has crossed his mind" and that "he would actually love to do it" but would probably need to convince his board about it quite well. Of course, it is also very probable that a major will come in soon since we know there are a number of these guys that have signed NDAs with First Mining, so we know they are watching all the time. I actually hope we won't get taken out too cheaply because I want our patience to be rewarded well. I would actually love to see Duparquet start out as a small starter pit and start producing cash flow which the company could then use to develope over time into a bigger miner. This is the "slamdunk" scenario I see when it comes to maximum share price appreciation potential. Time will tell, but I can almost "feel it" that we are very close to a major breakout now with lots of key catalysts around the corner. Good things come to those who wait, as they say.