First Mining Gold Corporation (QX) (FFMGF) Share Price

COminer, it was mostly the same thing rehashed. Dan is pretty much a broken record in these webinars unfortunately.

I don't recall ever hearing James Maxwell on a call, so to hear him speak was somewhat enlightening, but I already knew what he was going to say too. The Woman on the call didn't add a hellava lot, but she put her 2 cents into the call. They talked about how big the upside was for Duparquet mostly.

Bottom-line is that Duparquet will most likely be a bigger gold deposit than will be Springpole, after all is said and done. My guess would be that it should get a lot of attention from bigger fish because of the exploration upside it has.

As expected, it sounds like I missed absolutely nothing, LOL.

I might bitch about a lot things with these Guys, but IMO what's going on there at Duparquet, should at some point in time, pay off in a big way for us, so that's a positive.

That's about the extent of my praise. I asked the question about the starter pit and old tailings at Duparquet and Dan didn't really give us much more about it. Just that he would know more LATER. That's what he said 6 months ago. LOL He did reveal that the tailings wouldn't contain enough gold to truck somewhere to be milled and refined, so that's not gonna work.

So, the other question I asked that they didn't talk about was how long is it going to take to permit Duparquet to begin mining there? What else is more important than that? Finding the Mother Lode? Getting bought out by Barrick? I can't think of many other things, because actually mining for gold to me doesn't seem to be the goal with these Guys. IMO all they're looking to do is find MORE gold, which only costs more money, it doesn't add one penny of revenue to the balance sheet.

Maybe I'm getting too far ahead of myself here. These Guys have a grand plan devised, it would be nice if the shareholders knew what it was. We have to bank on Keith to get the job done and hopefully the mining sector will come to life eventually.

P.S.: Dan spoke to M&A again in the webinar and it was the same old song and dance.....he sees it coming, BUT when it happens he don't know. That really picked my spirits up. LOL

I don't see the miners picking up until most likely we see a $3K gold price.

Why couldn't Dan convince Keith (his Boss) to do a deal with First Majestic to get the startter pit at Duparquet moving forward? Get inventive and figure something out, Keith has the ear of the FM shareholders and with the silver price being relatively high now that wouldn't be too big a deal to get done. That ALSO keeps Duparquet under the same roof, so to speak. That makes a lot of sense to me.

IMO getting some sort of revenue going for this Company is that important.

Well, I think the biggest plus to getting a starter pit going at Duparquet ASAP would be the revenue it would bring to the party and PREVENT further share dilution once we would actually begin selling some gold. I believe this should be at the top of Dan's priority list right now. Let Steve Lines do his job and get the Springpole EA across the finish line, I'm sure he's more than capable.

Other than Dan just mentioning MAYBE that a starter pit could be done is about all he's said to this point. What's he found out about IF it can be done and if so, WHEN it may could begin? There was some discussion about digging through the old tailings at Duparquet to recover gold that's there to find from when the mine was open years ago. The gold recovery methods they have now could most likely make that a profitable endeavor IF they move in that direction. Digging through the old tailings may not even require much permitting and could be started fairly soon.

I want to hear from Dan today on where we stand with this, and I'll ask the questions if they'll answer them. Most of the discussion on today's webinar is going to be around all the gold they're finding and the potential for finding more gold moving forward. That's wonderful, but what's Dan doing about getting some revenue going? A good CEO would be pulling out all the stops to make that happen.
As we've said before, that would change the whole picture for this company and make us a REAL, PRODUCING MINER. Our share price would only move up on that news.

I would like for the Company to keep Duparquet for themselves, but if they HAVE to partner with someone or even take a loan out to get this starter pit moving forward, IMO that's fine too. JUST GET IT DONE, DAN.

Yeah, this should be interesting! I really have high hopes for this starter pit operation if they can get that going with or without a partnership I really feel it would light a fire under the share price and make it skyrocket. Not only that but the recent drill results from Duparquet really suggests this should easily be a 10m+ ounce asset, Dan also stated that it could be as much as 15-20m ounces over the years with more drilling. Duparquet might very well be the real "ace in the sleeve" which gets this party going for FFMG if and when they can get a clear and concise plan to develop that asset. Even if the cash flow would be minimal at first it would still turn us into an actual mining company, which would be huge news. Investors don't seem to understand how big and meaningful this asset is.

I think you said before that the best scenario we could hope for right now would be to get a deal on Duparquet to develop that starter pit with a partner and then direct that cash flow down the line to develop Springpole once the permits are in place while also further developing the Duparquet operation over time once more permits are in place there. I understand the FFMG team is 100% focused right now on finalizing the EA submission for Springpole and getting that project to the finish line which makes it difficult to direct resources to developing Duparquet and that is why a partnership would be ideal here.

Yeah, at least Ontario is definitely keeping the Progressive Conservatives in power until 2026 and beyond because there is no way in hell people in that region will vote for more "Trudeau" type of candidates and policies. I suspect Quebec to be in the same camp as well. This will benefit FFMG and the entire mining sector. People in Canada are really fed up with Trudeau and his ridiculous leftist liberal policies. This will show in the coming elections next year and beyond.

This would appear to be good news for FMG and the mining sector in general up in Canada. Let's hope this trend continues with Trudope leaving asap.

https://www.zerohedge.com/geopolitical/trudeau-trouble-after-conservative-upset-toronto-must-win-special-election

There's going to be another company webinar tomorrow at 12:00 EST. The discussion is going to be about the drill results at Duparquet and Springpole with James Maxwell. It should be informative IF we can get on the call this time.

nice idea

Yes, what you're advocating is to let the free market system work. I agree 100%.

When FMG gets to that place where permitting, mine financing, and a mine construction plan are all in place that is the catalyst for a lot of future growth for Canada. All of it revolves around a big, new, gold mine being built. EVERYONE shares in that wealth, not just what the government would take for themselves. That's the beautiful, trickle down effect free markets generate.

Everything you listed in your post essentially. That's by far the best way for this to go, but unless they would nationalize in the next few years, I don't think that would affect FMG until after any mining begins. Much of our share price appreciation will happen before Springpole is in operation. That may also depend on where the gold price is by that time.

No doubt that if they chose to nationalize mining in Canada that would hurt it greatly.

Makes total sense to me. I would just add that any type of nationalization of producers would probably put a damper on the whole sector. It would definitely impact the ability to raise capital to advance projects. To me, the better approach is to allow the mining sector to flourish and collect taxes at the current rate(s). You'll not only collect taxes from the miners, you'll get taxes from all the jobs created in the mines and several related industries (i.e. - transportation, engineering, geology, equipment manufacturing, construction, etc.). That is the win-win situation I am hoping continues.

IMO this nationalization thing could be more of a timing issue for FMG shareholders than anything else. As I said in a prior post, how can the Canadian government nationalize a mine/s that haven't been built yet? Nothing is coming out of the ground before the mine is operational, so I suppose they can nationalize the gold in the ground, but that really doesn't help them. They need the gold to be mined and refined already. Once that process happens then the story changes.

We know the Lassonde Curve theory says that a big move in a developing miner's share price growth comes after it gets permitted, financed, and a mine construction plan is completed. I can't see all that happening before a 2026 timeline, but when that all finally gets done our share price should be much higher from where we are now.

My point is that prior to the first shovel full of dirt being turned to build the Springpole mine it stands to reason our share price should be a lot higher from where it is now. If mine nationalization becomes an issue in Canada going forward that might change the story for all mining going on there, but I would think that problem to fall on the PRODUCING MINERS, not the miners yet to construct their mine.
Such a move might cause FMG to change what their plans would be, but that would most likely be after a mine construction plan was already made. JMO

Does that make sense to you?

I'm drawing SS now and am glad that I'm to this point of being able to cash in on some of what I paid in. I don't foresee this continuing however, because unless it's overhauled and made to work for the kids paying into it now we know it's going bust. Just like all government agencies SS has been abused, robbed from, and mishandled pretty much since it started.

The only scenario that I don't think will happen is that you'll get nothing. I definitely think your 2 and 3 items are coming and 4 is likely to happen IMO any way you slice it the outcome is bad. When the dollar loses reserve status they may have to try and figure a way to repackage the whole thing
because people that are dependent of a SS check to live on won't be able to if the pay-outs are reduced.

This is big government at work. Make everyone dependent on them and then not be able to pay the piper. The outcome is going to be horrific, but we've let the politicians take over and this is the result.

I did some minor internet searching on mine nationalization and in the developed countries it is less common than I thought. Not saying it won't happen, but my brief look gave me some encouragement that it won't happen or won't happen to the extent I thought it could. Of course, world war could totally change everything. Let's hope that does not occur.

Ha! Yes, I have paid in quite a bit over my lifetime and I expect one of the following scenarios to play out:
1. There will be nothing there when I am eligible for full social security.
2. I will receive what I expect, but its value will be heavily diminished by inflation.
3. There will be a huge reduction in amounts paid out.
4. Payouts will be tied to current income and the value of your assets.....meaning if you are still making money and own a home or have any other significant assets your payouts get reduced.
5. Any combination of the above.

Luckily I still have enough brainpower to survive if that is stolen from me by the uniparty in DC.

Unfortunately, the Ponzi scheme doesn't work that way, but there's gonna be a lot of bagholders that paid into social security with NOTHING in their bag.
I hope that doesn't mean YOU.

Can I get my lifetime social security in a lump sum payment up front? Lol

This is part 2 of the Andy Schectman interview on Kitco. This Man is spot on IMO with what we're currently seeing and is coming down the pike. I think most of what he's saying is going to happen. His theory on how the Great Reset may come about is very plausible. Down to the part where he talks about our government blaming our enemies for the downfall of the dollar. IMO we're going to see some major war/conflict that comes out of this approaching shit storm.

Andy even talks to what he thinks will happen if Trump wins the election, he wasn't real optimistic that things would turn around in a big way.

If you want to be informed, then listen to this interview.

Yet another great article from Mish with him speaking to Trump and how Trump wants to levy tariffs on everyone. This is super informative and I learned something I didn't know about tariffs from reading this. We know tariffs and economic/financial warfare are the precursor to REAL wars happening.

Read what it says in the article about the country that's exporting goods to us is NOT who's paying the tariff. The importer of those goods may bear all or part of the burden. This is inflationary and may not reduce, but RAISE prices. Mish gives several other reasons on how tariffs may sound good for us, but actually are detrimental. A great read.

This is seen as more weaponization coming out of this country and onto the rest of the world IMO. Not good. Just more fuel for the rest of the world to dump the dollar and move on to something else.

https://mishtalk.com/economics/trumps-plan-to-replace-the-income-tax-with-tariffs-is-economic-nonsense/

Here's another great video where the Fellow moderating it gives all the numbers and charts showing why the recession is coming soon. History and past cycles tell us it's coming. Listen to what he says about the jobs lies from the government and spending that's out of control. What he says about student loans debt and forgiveness is spot on. The productive workers are paying for the fuck-ups that the UNproductive workers make. What he says is exactly right.

The silver lining for PM investors is that when the economy tanks, gold and silver will benefit in time, so when the hard times get here that should be when we finally see a much higher price move for the metals and that should in turn move the miners.

https://goldsilver.com/blog/this-recession-indicator-with-a-45-year-track-record-just-rolled-over/

IMO this will likely be the issue that brings on the Great Reset. This spending is unsustainable and growing exponentially. This train wreck is coming to a town near you soon. This article gives a nice overview of the problems we're looking at, but how will the spending subside in a recession/depression scenario?

The answer. IT WON'T. The spending will increase until the wheels fall off, then it's every man/woman for themselves. Someone in this article is calling for a crisis happening before the end of this decade.

https://finance.yahoo.com/news/jamie-dimon-believes-u-public-110537564.html

Energy availability will define who has the infrastructure to survive/thrive. Uranium/nuclear is catching lift from most sides, regardless of political beliefs. Steady, small foot print, great safety, and non-carbon. While I am a believer here, with other precious metals, and commodities in general, I offer up the idea of taking a look at uranium and the whole nuclear cycle. Been very very good to me since 2019. And lol I have been in this and other precious metals since before then and I am underwater on most. A lot of money is being made in uranium...fwiw

This is my take on your concerns.

First of all, the Great Reset is something none of us have any control over, that's being orchestrated behind the curtain by the Powers That Be.

So the average joe, like us, have no bearing whatsoever on how or what the Great Reset does or may mean. Does the Great Reset mean governments issuing their various fiat monies go away? I don't think so, but it may change form like to CBDC and a future ban on cash. IMO the Great Reset is probably going to usher in MORE government control. We've talked about all this before here.

I believe the impeding chaos created by the Great Reset will be very beneficial to for both gold and silver, probably commodities in general. Change is disruptive and we're coming to a point in time where we should see a lot of change. World power is shifting from the west over to the east and most insightful people have already figured that out. This is a process and takes place over time UNTIL the old world power abruptly falls on it's ass. IMO we're going down that road right now. Maybe the Great Reset is when the dollar finally collapses, and a new monetary system has to be set up? Just a guess on my part. Maybe it's the result of the next world war, like what happened in WWII?

What's historically caused these big changes/resets? The old world power abuses it's power and in turn the rest of the world loses faith in them. The reserve currency status of the dollar is clearly being eroded and dumped by many countries that used to hold it as their many asset. Our debt is crushing everything we have going for us moving forward and no one in government really wants to address the problem. We may see some deflation coming in the near term, but in the end we'll have runaway inflation coming. You want to be out of your dollar fiat before that time comes.

This is my take on the nationalization issue. Like the U.S., Canada has a lot of problems and they have NO gold reserves to fall back on. That could be a problem down the road. Having said that can Canada nationalize a mine that hasn't been built yet? Without having researched the subject, I'm not sure how that would work, but if there has been no gold removed from the ground, how can the government nationalize it? I believe nationalization of any gold would occur AFTER it's mined and refined. The government takes it's cut after that process is how this works is my best guess.

The big money to be made in our shares will be AFTER we get permitted and financed to build the mine. IMO that may be before any future mine at Springpole for example is ever built. I.E. if we get Springpole permitted and financed by say mid 2026, I expect that to be the time that our share price would take off. That's the Lassonde Curve model, not me talking.

If the world falls apart before that we'll see, but most of the money made by FMG shareholders IMO will be made prior to Springpole mining for gold and HOPEFULLY before the government can nationalize a mine that's not yet in operation.

If what I explained is correct, then we should be fine. Barring Dan fucking something else up.

I agree with your concerns and hope that some of the darker possible scenarios looming on the horizon dissipate.

I've said this before here. If the Cat Lake tribe or any other surrounding tribes involved want to have contact with the rest of civilization in that area of Canada then they'll approve this mine being built. Money being made from the mine will help bring these people into the 21st century. Everyone involved in this drama knows this, so IMO this all just comes down to what the tribe can negotiate for. The quicker they approve the mine being built, the quicker they get their road out of Cat Lake and whatever else they can negotiate for.

Getting this winter road deal resolved is just the beginning of the process, IMO there will most likely be other road blocks ahead when the tribe doesn't get what they want or feels like they need to assert their power. Steve Lines I expect has seen this movie already and is prepared for all that needs be done, but bottom-line is they get nothing without the mine moving forward.

The drift I got in an earlier conversation with Paul was that the relationship between the tribe and FFMGF was better than the relationship between the tribe and the Ministry. If that's indeed the case, then maybe this winter road deal moving forward would indicate some fences have been mended.

One thing is certain, whatever they agreed to give the tribe WON'T be the last thing that has to be given up. LOL This will be an ongoing process.

I think what's most important for investors to take note here is that it was the Ministry that offered the settlement agreement agreed upon by both parties. After all they were the ones issuing the temp winter road permit in the first place. This signals to me the government has a very strong interest to move this project forward and they helped smooth things along between both parties. This was very good news for all of us because it indicates that the parties involved (FFMG/CLFN(Ministry) are all able to cooperate and come to agreements regarding Springpole. Like I have been saying for years this project is such a cash flow monster for the entire region and everyone involved there's just no way this won't get developed.

While we don't know for sure what kind of agreement they settled upon, my suspicion is that Cat Lake has been offered some kind of compensation for the Winter road + promises to further develop the road network towards Cat Lake and maybe some new assistance from the government. It really does not matter to me, what matters is that the parties can work together. In this industry you need cooperation or you won't get big things done.

With the recent great drill results at Duparquet and now this settlement agreement with Cat Lake, I feel very good going forward. I actually bought a bunch of shares yesterday just because I felt so good about this.
Believe me when I say the bigger miners are definitely noticing these two recent press releases.

Having said all of this, nothing will probably happen with the share price until a major deal gets announced i.e. the company gets taken out OR we get massive improvement in sentiment. Sentiment is what drives the share price in the end and right now we are probably at all time lows for the mining sector regarding this.

What if the financial system implodes aka the great reset aka the *** controlled central banking criminal enterprise behind everything evil and destructive for the last 100+ years BEFORE Springpole’s permitted and this “great taking” TAKES PLACE? 2025 for permitting and the way things are trending economically, politically, socially, geopolitically, I’m not very confident on the prospects of a happy ending for us. I hope I’m wrong, but I dunno just the timeline contrasted with the other factors, all ticking time bombs, just don’t mesh well. And even if nothing FF related blows up and the house of cards and the proverbial can is kicked down the road, we still have the First Nations, actual permitting, and other hurdles needing dealing with.

This is why Dan / FF delaying permitting year after year (initial permitting ETA was 2023 like 8 years ago) could prove to be fatal because the longer you wait the higher the chance the global system explodes BEFORE the company’s heyday arrives at which point either were robbed via the “great taking” or mine nationalization or some other measure or event that wiped everyone and everything out.

My sentiment exactly.....I hope I'm still around to see a profit with my shares too.

Depending on whether or not Keith is looking to keep our properties to ourselves or to do a partnership with a bigger fish with deep pockets to throw a lot of money at these properties we could have a lot of that risk removed quickly with a deal being announced. I wouldn't expect any big deals to be announced most likely until the environment is more appreciated by investors looking to invest in the miners. That could still be a couple of years away.

In this crappy mining sector even an annoucement of a big deal might not get much attention. They would try to time more favorably something of that nature IMO. I would be surprised to hear something along those lines happen before Springpole gets permitted.

Ya, I agree and I'm not suggesting it's not a necessary step in the process. Just pointing out the obvious, which is that Wall St doesn't care and they will continue not to care until all risk is removed. Then we roll. Hope I'm alive when that happens, LOL.

I see it as good news, as it implies the Cat Lake tribe would be agreeable that the Springpole mine move forward. That's probably until the next favor they want isn't given to them. IMO this will most likely be an ongoing process

Maybe someone told the Chief that there won't be a road built for Cat Lake until a road to the mine is built. First things first. LOL

Good news! Thanks for posting it. EOM

I would add this point to what you said about building roads and bridges. Those are expenditures that the company is undertaking, more money spending to further the Springpole cause. I see it as an underlying "win" for the Company, but it's still money that has to be found to make happen.

I'm not privvy to how the Ontario or Canadian governments are involved in this endeavor, but I'm pretty damn sure they're not footing the whole bill for making the winter road possible. That's just my guess anyway.

I tend to agree with You, COminer. Just finding more gold reserves and moving forward with the Natives at Cat Lake isn't doing much for our share price.

Even with the gold price and stock markets breaking records every week. That's only seen our shares fall. LOL A lack of trust is right.

IMHO nothing short of giving a near-term timeline on getting that starter pit going at Duparquet will reverse our situation here. Dan has been pretty tight-lipped about that since he said it MIGHT happen, but that's been months ago now.

Where's our update? Paul told me Dan's still working on it, meanwhile more share dilution.

When the overall stock market finally rolls over and every stock out there starts falling, I think .05 is very possible. That's the biggest reason I'm keeping my powder dry.

I still think we see $0.05 before $0.20. More pain ahead, IMHO. Roads & Bridges won't get anybody excited. Selling physical gold will - but that's where this MGMT team has failed miserably. Nobody trusts them to execute.

An agreement has been made on the temporary winter road to Springpole. Looks to be good news from Cat Lake about Springpole moving forward. Let's see if this news moves our shares today.

I wonder what the settlement offer made was for?


https://firstmininggold.com/news/first-mining-provides-update-on-temporary-winter-road-for-springpole-exploration

This is a MUST watch Andy Schectman interview. He is super informative with his knowledge of what's going on with dedollarization and what China and the BRICS countries are doing to get out from under dollar hegemony.

He talks about how the petrodollar agreement the U.S. had with Saudi Arabia for 50 years has now RECENTLY expired. I didn't hear anything about that on the MSM news, but it's a very big deal, as Andy explains. He gives some excellent insight as to a big picture view of what's happening.

Good Gareth Soloway interview.

I have kind of mixed feelings about Dan as a CEO. One one hand it is of course clear that the share price has done nothing but gone down under his leadership. But how much can we really blame Dan for this? We have had a absolutely terrible sentiment in the entire mining sector. Just look at all of the gold mining shares from juniors all the way to the bigger players. They are all suffering from the same negative sentiment. The fact still is is that FFMG has managed to advance the projects exactly as they have been promising. Yes, it has taken longer than originally thought, but they have still been able to push forward during a time when many other juniors/developers have gone bust. FFMG has a lot of retail investors who are impatient and many do not understand that these things really take YEARS to develop and most of them fail, mind you. This is a very risky business by nature. That should be clear.

I think Dan is the right guy because he has a big personal stake in the company and he obviously believes in the vision they are trying to achieve here. He told me in a personal call that he has a significant portion of his family's net worth invested in this company so at least the dude is definitely aligned with us as shareholders. Would he really gamble his entire family fortune on a long shot? Also, I think Dan's strength might actually be that he comes across more as a "Soft & Friendly CEO" rather than a "Cut-Your-Throat Ruthless Mining CEO". This is especially important right now when we find ourselves in a situation where they need to deal with the people at Cat Lake with lots of emotions involved. There is always politics involved in mining affairs and I really think Dan's (and Steve's) personality will be an asset when dealing with the Cat Lake situation and negotiations with other First Nations down the line. I can almost guarantee that if you had a total jerk as a CEO in FFMG who could not care less about the First Nations we would face even more resistance and there could be lots of litigations down the line.

I think Keith is more of the classical "ruthless businessman" type of CEO and I am most certain he would have fired Dan already if he did not think the guy was the one to pull this off. This company is still Keith's darling and he has over 30m shares in the company, almost all of which have been bought in the open market. Keith has basically stated in every single interview that nothing has changed regarding the plans for FFMG. They will keep pushing until they get the permits done and then they will look for a partner to develop the mine or even do it themselves. I don't know how this story will end but my money is on Keith here definitely. Without him as a major shareholder, I would have never invested in FFMG. He is the biggest asset in the company. Keep in mind he probably talks with Dan almost every day about company issues, so in a sense you could say that Keith is sort of a "shadow CEO" behind the scenes. In many interviews you can very clearly see the dynamic between Dan & Keith and it is clear that Keith often tells Dan what to do behind the scenes.

I can only tell from my own experience in investing in miners that things seldom go as you think they will. Mining is probably the toughest industry on the planet and there are so many factors and surprises you need to be dealing with as a CEO. It just takes a lot of perseverance and focus to be able to pull off what FFMG is trying to do.

I'm not sure that Dan was ever mining company CEO material. His background was in financing mines, NOT running operations for a start up miner. My guess would be there were better candidates for that position. I don't know what the attraction was for Keith to hire him, unless Keith thought he was the best candidate available at the time.

My thought would have been to try and hire someone who has mine building expertise. Someone with experience in that area and a few connections in the industry. Dan didn't have any dealings with either of those things.  I don't see him as incompetent, as much as I do unqualified for the position. He's obviously gotten a lot of experience since he came onboard here, but I think Keith could have done better. It is what it is.

I haven't heard back from Paul since last week when I raised Hell about the fucked-up webinar. I asked him if others were left out of the webinar, but he didn't say. There were at least a FEW that got on the call because there were a couple of questions asked during the Q&A, but no really hard questions were addressed. I'll post anything I find out from Paul if I talk to him on the phone later this week.

Dan isn’t totally incompetent, but simply not cutthroat enough and too passive for this field. Book smarts vs street smarts? I dunno. I hope I’m wrong.

Did you get a response about why the webinar was down? What’s unknown is whether or not they suspected something might be off after seeing what must’ve been a low attendance rate. If you’ve got the long awaited and requested Steve Lines on a rare webinar and there are 5 attendees, shouldn’t that raise a red flag that maybe something might be off with the webinar web software? My guess is it crossed their minds but they welcomed it as a pleasant surprise because it gave them a plausible “we didn’t know!” alibi to get off scotch free on answering hardball questions from guys like Implant who would’ve held their feet to the fire. Kinda like when Biden or Jerome Powell get asked a curated series of questions with pre-determined scripts to maintain narrative.
Very annoying, and why the heck aren’t they using GoToWebinar or Cisco Webex. If they can afford to pay Dan $500,000 a year they can surely afford a single Cisco Webex session or a go to webinar subscription.

Even used car salesmen don't have a laugh like Dan Wilton does. I'm curious to know if Keith hired him before he heard his laugh?

Keith can't be accused of having a great track record when it comes to hiring the right Guy to run this company. Maybe when this thing finally turns around with a higher share price, Keith will be able to bring in somebody that really knows what's going on in this business OR if they partner with a bigger fish they'll have a deep executive bench that's in the know and has the connections. Hope springs eternal...

Been sayin it for years, I know a used car salesman type when I see one. I think deep down Keith regrets putting Dan in as the front point man. But sentiment is also awful so that force is there too

Well, we can see the market reaction today for this really good news. Our shares to this point in the day are down. Oh, well what else is new.

I don't know if you recall a few years back Dan made the promise that they were going to do one last big offering and then they would have enough money to get us to the finish line with Springpole. We've had at least 3, maybe 4 more offerings since Dan made that claim and IMO that's a big issue for
Dan's credibility. The Springpole permitting is yet another hit for his credibility. That's not been accurate either. In his defense the landscape has changed for the better with our getting the balance of the Duparquet stake.

Without having much insight into the inner workings of the mining industry, my guess is Dan's reputation in the industry isn't exactly stellar, but to your point there is a following for this Company because of Keith, not Dan. We know that as fact.

IMO getting some sort of revenue stream going at Duparquet is critical going forward for FFMGF, mainly because as the share price continues falling they have to sell a greater quantity of shares to raise money. That means higher share dilution and unhappy shareholders OR potential investors unwilling to sink money into a company with the share float this one has.

This is the situation we currently face, now something can come along to change that dynamic very quickly, A partnership, buyout offers, something unknown by us right now. That's why I'll continue to add shares on weakness, just because I know this company has the potential that isn't being realized at the moment. Sentiment in the sector is not good and only is temporarily at any point in time, but even very good news, like we got today, isn't rewarded. I'm not sure what that says for this Management, especially Dan.

Good news, thanks for sharing! EOM

Sentiment is still in the toilet so as I suspected there is not much of a reaction in the share price. But this was definitely good news and shows they are able to drill good holes with the money raised. This is exactly the kind of news big players are looking at. They want to know this resource is able to sustain itself for a long time with additional drilling.

You are correct in that it would be a massive catalyst if Dan laid out plans to for the starter pit operation with or without a partner because that would basically turn the company into a miner. A small one sure but still a miner with real revenues. If I recall correctly Dan said a month or so ago that the regional mining plans for Duparquet should be out in 3-4 months or so, so I guess we should hear about this before the end of summer.

I think we are definitely still on the right path here. People should not get too upset about the recent financing and newly issued shares. The important thing to keep in mind here is that the company is still able to raise good money from the market during a time when most other juniors/developers are basically going broke as we speak. I am following the other similar companies like like FFMG and many have already gone bust due to no funding available. The fact that FFMG is able to raise money every time they need it just shows they have a committed shareholder base which is also personally backed by Keith. This is incredibly important going forward during a time like this in the mining sector.

Just stay patient and keep adding if you can. Every day is a day closer to something big.

Yes, those are nice drill results. What may be most important from these results is that they were from areas at Duparquet that weren't previously explored. This is new ground they're finding this gold on, and it looks very promising for further resource gains.

I would agree that this asset is more promising in the near term, than is Springpole and should be the focus for Dan to move forward asap. He needs to bring shareholders up to speed on what's being done with a starter pit and permitting to get some revenue going from Duparquet.

If they plan to partner with someone, that's their choice to make, but IMO if they can get a revenue stream going there in a reasonable amount of time, we can keep Duparquet for ourselves and may not need to partner with anyone else.

Let's see if Dan can get this done.

P.S.: It will be interesting to see how our share price reacts to this news today.

Very nice drilling results just put out for Duparquet!

https://firstmininggold.com/news/first-mining-identifies-multiple-high-grade-gold-zones-in-duparquet-exploration-drilling-

Drill hole DUP24-024 returns multiple gold zones including 10.67 g/t Au over 5.3 m, 6.63 g/t Au over 9.0 m, 3.04 g/t Au over 33.5 m, and 5.97 g/t Au over 33.0 m
Gold zones hosted in newly identified mafic volcanic units not previously modelled at Duparquet
Demonstrates significant exploration growth potential at one of the largest gold deposits in the Abitibi Greenstone Belt

That 5.97g/t over 33m is especially nice, but the other drill holes are also good.

I am now almost 100% confident that Duparquet will be the asset that gets a partnership first. If they can get that smaller starter pit operation going there then this has the potential to grow into a monster asset. This is 100% a 10m+ ounce asset with these recent drill results.

Sadly, some ballparks do not accept cash at all - for anything. Not for beer, not for food and you need the MLB Ballpark app for tickets (no more paper tickets).

It wasn't too long ago when you got the discount for paying in cash, now I guess that narrative has flipped. Probably the trend of the future as cash is eliminated and becomes a thing of the past.

https://www.zerohedge.com/economics/its-just-not-right-cashless-venues-now-punishing-people-using-cash