First Mining Gold Corp. (TSX: FF & US: FFMGF) is at a point in the company’s life where the DE-RISKING PROCESS has resulted in value-creating advancements for the company; First Mining Gold’s portfolio of established gold resources in Canada remains a unique strategic asset, which few companies OWN and that will not change.
The MERE FACT that First Mining Gold (FFMGF) is fully funded to achieve key milestones, having just attracted significant institutional investors to the company in its latest CAD$28.75 million financing, is a testament to the SHEER MOMENTUM created in the past nine months, as three KEY TRANSACTIONS have been inked on three of its six key gold projects: Springpole, Goldlund and Pickle Crow.
The company’s INITIAL STRATEGY, when it was still private in 2014 and 2015, was constructed by founder Keith Neumeyer himself. It was all about buying the BEST GOLD PROJECTS available in the depths of the bear market in order to capitalize on the WORST SENTIMENT and the ideal distressed conditions which prevailed in those years.
The strategy proved itself, since among Springpole, Goldlund and Pickle Crow, along with three additional gold assets, the company has amassed an impressive asset portfolio of gold and silver resources.
Their cost for acquiring their gold projects was around $10/ounce equivalent, whereas today it takes companies around $100/ounce to pull off the same feat; what Neumeyer did is NOT REPLICABLE in 2020!
Consider First Mining Gold (TSX: FF & US: FFMGF) NOW!
Springpole is such a BIG and UNIQUE project that it could be the company’s ONLY ASSET and still bring its valuation to a BILLION DOLLARS, yet First Mining Gold has other million-ounce gold projects and strategic positions.
The company’s OTHER ADDITIONAL gold properties include Pickle Crow, Cameron and Hope Brook, and the company also holds a very large equity position in Treasury Metals following the recent sale of the Goldlund gold project to Treasury Metals to create a MULTI-MILLION OUNCE GOLD DEVELOPER:
- Treasury Metals is undertaking a PEA (Preliminary Economic Assessment) on a co-development scenario of the Goldlund and Goliath gold projects, which we believe is going to be a MAJOR CATALYST for potentially higher share prices!
The transaction with Treasury Metals to advance Goldlund consolidates two mining projects next door to each other, so the development plan will likely contemplate building one mill to process ore from two mines. First Mining Gold (FFMGF) now owns 39% of Treasury Metals; this share position alone is currently worth $65 million. Add to that the warrants, royalty and deferred payments and the overall value of the transaction to First Mining Gold and its shareholder is worth MUCH MORE!
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Think of the following, because it’s a BIG DEAL: First Mining Gold will distribute 23 million Treasury Metals shares and 11.7 million Treasury Metals warrants directly to shareholders around June next year – this will result in First Mining Gold shareholders becoming direct shareholders in Treasury Metals!
The third asset that is RAPIDLY getting de-risked is Pickle Crow, which is currently being drilled by Auteco Minerals and, AGAIN, is receiving little value from investors, even though there’s a 45,000-meter drilling program underway at the high-grade gold project that has BIG POTENTIAL.
Auteco Minerals is a very talented exploration team with a proven track record of finding high-grade gold in past producing gold camps.
Auteco has a MARKET CAP of over +$200M and their only asset is an earn-in deal on 80% of Pickle Crow, WHICH REFLECTS a value of +$50M just for First Mining Gold’s (US: FFMGF) 20% interest!
I love the diversified portfolio that First Mining Gold has, and the fact that the company has over CAD$35 million in cash and no debt,with CLEAR CATALYSTS on the horizon.
The company’s other gold projects – Cameron, Hope Brook and its properties in Québec – all have the potential to be DERISKED and SURFACE VALUE as has been demonstrated by the Management team on its Pickle Crow and Goldlund projetcts.
The four analysts who cover First Mining Gold, who have given the stock 12-month targets of CAD$1.00, CAD$1.20, CAD$1.40 and CAD$1.50, go into further details on the geology of First Mining Gold’s projects.
Consider First Mining Gold (TSX: FF & US: FFMGF) NOW!
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