Firefly Metals Ltd (PK) (MNXMF) News

Auteco Minerals Ltd. changed to FireFly Metals Ltd

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

MNXMF: one for 15 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Agree, they are very effective in both news flow and quality of news/message/story.

Have to give them credit for a good news flow.

The good news keeps coming.

https://wcsecure.weblink.com.au/pdf/AUT/02431090.pdf

https://www.proactiveinvestors.com.au/companies/news/962166/auteco-minerals-shares-jump-following-high-grade-gold-discovery-at-pickle-crow-962166.html

Latest presentation (not a video).

https://wcsecure.weblink.com.au/pdf/AUT/02419425.pdf

Very impressed as well - they are going to hit the cover off the ball in due time. I think the best team across all the projects under FMG’s umbrella. I like Treasury team as well. Less marketing savvy but they are serious and focused. I wish Auteco gets more volume under the otc symbol - that would make me feel different it about picking up more shares.

I have had some bills to pay and things to buy, so I have not been buying lately.

Auteco has really impressed me with their speed, ability to collect and convey information as well as their geological expertise. Every company probably has the same level of experts, but Auteco has really hit the ground running. I am impressed with them. What do you think?

Hey SeaBlue - I didn’t - the otc symbol is so thinly traded that I gave up. My nephew bought some on the Australian exchange this week. I picked up a nice position a few months back so if it turns out to be a home run I won’t be greedy. I snagged some Alexco, Americas gold and silver, first majestic and PSLV last week instead. I think as long as Canada doesn’t follow suit, they should be OK operating on the ground. Live in US and just today alone heard that a cousin in law and my sprinkler guy got Covid. This new variant is kicking up - stay safe. It may throw us another curve ball before it fizzles. Hold on to your silver and gold - the printing presses of fiat currency are churning fast around the world. How about you - did you jump in with the boys down under? 70% increase in resource and the stock goes down - its time will come

Hey Family Roots, were you able to pick up any more Auteco shares?

Do you think their operations in Canada will be affected by the lockdowns/tyranny in Australia?

SeaBlue - another ordered expired on me today. Bid 8.5 cents which is pretty much market rate if you convert $.115 Australian to US Dollars. Not sure if it is issue with Ameritrade or US OTC symbol. When I purchase share last go around the shares were never reflected in the daily traded or average daily traded. Get implanting on that!

OK SeaBlue - just placed orders with Ameritrade to pick up more Auteco and Treasury Metals shares. Let’s see if my bid price is high enough today!

https://www.proactiveinvestors.com.au/companies/news/956568/auteco-minerals-strong-drilling-results-point-to-more-growth-at-pickle-crow-956568.html

Hey FR, I hear you about the production fact. It is a very strong positive in their favor, which will only increase in importance as the CAD and USD continue to lose value.

I like them because they are in production. As you are aware, it appears that ounces mined carries more value than ounces found right now. They do have 2 US properties, but I do understand your concern about Mexico. I still have my First Majestic. At the pace they are going they may end up with more gold than silver production in 2022. Jerritt Canyon may be a reason to take another look at them. At under $14, this could get a nice pop when silver breaks through $30 again.

USAS looks promising. I think I may have looked at it before but I did not put money in. Probably because they have some exposure to Mexico. A lot of companies do, but I think smaller companies with exposure are more at risk. The Mexico exposure is one reason I sold my First Majestic a while ago.

Latest Auteco presentation/fundraiser.

I think they might slow down the drilling if they get to 3 million ounces. That would make it a bankable project. Hate to see them dilute the shares on us. Going to put another buy order in today and see if I can add to my position.

3 million or more, right? Honestly, their numbers have the chance of rivaling Springpole if they keep posting numbers like they have.

Reinforces that Auteco is on its way to a 3 million ounce resource

More Auteco results.

https://wcsecure.weblink.com.au/pdf/AUT/02402283.pdf


I have been buying into various miners for a while. It has taken me some time because I have a normal job and just average in when my budget allows. I completely believe you will be proven correct on your gold and silver calls. The money printing is just insane. Food and some other sectors are skyrocketing. If the USD ever loses reserve currency status you should see a pretty big drop in the dollar and a pretty good rise in the metals.

Buying into MNXMF might be tougher than FF because it has low trading volume.

SeaBlue - much discussion on how you need to be patient with these. May be some truth in that, experience would reinforce that. I started taking a bunch of positions last year into this year - I think gold Is going through $2,000 this fall and silver over $30. All this paper money printing has set the stage for gold $3,000, and if that happens, the worst of these stocks will double - the good ones will shoot the moon in my view. That is my thought - I have been listening to Keith talk about triple digit silver for years. Guess if he missed that call, I am more than capable of missing mine - but in my gut - I feel the next 12 months is the breakout point

Points well made. They are progressing much faster than I expected. I will have to throw a few bucks into Auteco because they are moving extremely fast and appear to me to be very professional - i.e. - this isn't their first rodeo. The only pause in the action I can think of would be the 18-24 month permitting timeframe that Springpole is in right now.

SeaBlue - you know just a matter of time and this will be a 3 million ounce resource and spectacular news that they may be able to surface mine as well. I know many on the FMG site feel Auteco got the better end of the deal. Regardless, prudent to pick up shares and play all sides of the basket of properties Keith swooped in and grabbed years ago.

SeaBlue - I filled 4 orders about 2 months ago. 3 in my fidelity account and 1 in my Ameritrade account. I think fidelity did a much better job. I had different price points, but the one at market traded in a day with fidelity.The Ameritrade order sat for over a week at market price. My nephew had his account setup for the Australian symbol and his trades went right through. I went in today to double my position but no luck, I bid under market so that may be why. I think these guys are going to push this project along faster than FMG does Springpole and treasury does Goliath. I know these projects are a few years down the road - just picked up a bunch more USAS - they are in production - have hit a few speed bumps the last couple years but I think a huge turnaround is underway. Take a look - appreciate your feedback.

nice resource update - up to 1.7 million ounces and counting.

https://wcsecure.weblink.com.au/pdf/AUT/02395621.pdf

Roots, did your order fill?

Their press release regarding Carey was pretty impressive. If they get a decent open pit going in addition to the underground workings they are that much more attractive.

SeaBlue - Bellevue Gold appears to still be in the early stages as well so not sure that provides a roadmap for how Auteco might handle the plant. I think that Pickle Crow may end up looking similar to Bellevue somewhere down the road. Hopefully the Auteco stock price will do as well as Bellevue. I have two limit orders sitting in an open status. The price on Australian exchange is up 15% since I placed orders so I may need to bump up my bid. I entered the orders under the OTC symbol. My nephew had Fidelity set up his account to trade on the Australian exchange so he has a limit order sitting there. He was a bit more generous in his bid so I assume his order will get filled.

SeaBlue - good question. I need to go back and refresh my memory of the stage Bellevue is at. That is where many of these folks came from. Don’t believe they were bought out but not sure if they have Bellevue in production. I think that is the model they will follow. They mentioned on the webcast they have a firm assessing what it would take to make it operational. I would like to think if $25 million or less it would be a no brainer to fire it up. My understanding is their permit only allows them to prospect but not to go into production. My sense is that production is a couple years out. Hope I’m wrong.

Family Roots, do you think they will put that 225 tpd mill into action or will they just advance the project until they are bought out by a big player?

Feedback to Auteco company - I am an individual US investor who owns shares in First Mining Gold. I was part of the 3/30 conference call and decided to buy shares directly in Auteco. I placed an order in my Fidelity account yesterday and it got filled. I placed an identical order in my Ameritrade account and it is still sitting OPEN. I ran another order through Fidelity again today and it filled. I used ticker symbol MNXMF. I notice that very few share are traded under this symbol. If you are looking to build your US shareholder base, it would seem to me that a house like Ameriteade should be filling orders within minutes.

Look for Auteco news soon.....Shorrocks says they'll have assay details out in 2 or 3 weeks (interview looks like it was a days ago).

Auteco bringing in 3rd drill rig.

https://wcsecure.weblink.com.au/pdf/AUT/02256007.pdf

If it dips back down to .03 might have to pick up a few shares. Pickle Crow has some good economics.

April 29, 2020 - $5 million in financing obtained via share issuance to fund Pickle Crow drilling.

Good movement by these guys the last few months.