First Mining Gold Corporation (QX) (FFMGF) News

Talk about an ALL STAR list of guests in this video, this one has several. Great commentary from them all.

As usual, fantastic commentary from Alasdair Macleod. This Man knows more about gold and what's going on currently with gold than anybody I can think of.

This is the same Dummy that said the inflation would be transitory. They don't have a clue.
Note what UBS is saying to buy if stagflation becomes a problem.

https://www.marketwatch.com/story/powell-says-he-doesnt-see-stag-or-flation-ubs-has-a-playbook-if-hes-wrong-9d06450d?mod=search_headline

My mistake, that was last month. April. LOL

I see Keith made another boring 250K FF share purchase day before yesterday. Ho Hum.....

https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold

Yes, that was my point from my prior post. This deal was done (by Frank G.) to give BW shareholders that big stock price boost that will happen as a result of the Goliath mine construction to the first pour.

The upside potential for Treasury shares will go up exponentially during that time and now BW shareholders and Frank G. can enjoy that ride. This will be the same dynamic that FMG shareholders will have when our mine construction decision finally arrives. That's the reason I think Frank G. may at some point in the future be buying into us. This isn't rocket science; it's simply looking at the developers that are closer than others to building new mines. Treasury should be in that sweet spot along with a gold bull market wave to boot.

Another thing that confirms that theory is that when most mining deals happen it's because of land package consolidation Much like what was done with the way we sold Goldlund to Treasury. A move that COMBINES adjoining properties. That was far from the case in this deal. Nothing BW has is really even close in proximity to our land packages, unless maybe Hopebrook. That seemed a bit strange when I first saw what BW held, but as I said this deal was IMO done mainly to consolidate BW shares under the Treasury brand to ride this future wave higher. Frank G. and Keith both knew this and that's why this deal is happening.

Lekstrom had a good command of a few key topics, though you would hope for that from any CEO. In addition, even with timelines in mind things always pop us that push them further out. That being said, this transaction gives me more confidence in Treasury. No doubt they will discover more gold on the trendline that Goldlund and Miller are on. What was that saying Jeff Clark had? Something like 90% of companies move 90% between construction decision and first pour or something to that effect.

This interview turned out much in the way I had expected it to. This deal was put together by Frank G. and his people to aid BW move their cause forward. Keith or Dan were never mentioned, but they had their say in what went on here too, especially Keith.

He talked about all the DD that he and Jeremy Wyeth did in getting this deal done, but at the end of the day the final approval was given by Keith and confirmed by Frank G., these other folks were just there to hash out the details. The main thing that happens in this deal for BW are, they get to enjoy the ride that comes in the upside move on the Lassonde Curve, when the mine construction comes. Shareholders of BW stock will not have to sit and wait for their shares to appreciate at a much, much, later date. Frank G. and BW shareholders get to ride the bull market higher too. If I were a BW shareholder, I would be happy as hell with this deal. Frank G. knows that was his goal to do here.

The biggest upside that Treasury is getting will be what Frank G. brings for financing the Goliath mine construction and I'm sure it will be a lot, so as he said in the interview there will be much more coming out in the near future. I thought I heard him say that the plans for mine construction could come as soon as the next 12 months. Any big weakness in the Treasury shares before then would be a great buying opportunity.

I could be wrong, but I still believe Frank G. owes us more than what we got from this deal. Sure, all the Treasury shares we're holding will go up in value sooner than later, but if Keith is who I think he is, my guess is we may not have heard the last from Frank G.

My suspicion is that Keith may be holding his feet to the fire on coming in as an investor in FMG. Time will tell on that prediction. We did Frank a favor, maybe he can return the favor to us? LOL

Treasury deal 14 minute podcast. Short and informative.
https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/Treasury-Metals-and-Blackwolf-Combine-to-Advance-Goliath-Gold-Complex-Project-in-Ontario-e2j6271/a-ab7rht1

How come it's not a big surprise that the jobs numbers were down in April? No surprise, because that's exactly what the Banksters WANT to see so they can begin cutting rates again. My guess is the employment numbers will get worse moving forward now. BECAUSE that's what the Powers That Be want to see.

https://www.zerohedge.com/markets/april-payrolls-unexpectedly-plunge-biggest-miss-2021-unemployment-rate-rises

Of course, this is ultimately good for PM's in the long run.

I can't give the specifics of any degree of difficulty in separating the metals, but I don't think that's a problem. Many copper miners have a by-product of what. GOLD.

I think the presence of gold and copper deposits being together are more common than just finding a sole gold deposit. I would think running a copper mining operation might be a larger, more work-intensive type mining operation. Copper mining would to me be larger ore numbers because you're digging for MORE copper than you would be for say just gold.

I think there's NO DOUBT that Blackwolf's association with Frank G. is very much a key part of this deal. It most likely was the biggest reason for the deal getting done.

Why? Because Blackwolf's assets can be further developed as Goliath moves ahead and is built. When Goliath is operational it will be the cash cow to further all the assets Treasury will have in-house. Frank is voting his shares for the merger because he'll be onboard to see that get done. I would think that once the mine financing time comes, he'll be instrumental in getting that money for it.

As I said in my last post, I believe this deal is weighted more FOR Blackwolf than really for Treasury, although it would appear BW has some good assets, but I certainly believe that a very big part of this deal getting done was because of Frank G's stake in BW.

Does that mean FMG could have some dealings with Frank G. and his big money going forward? It would be pure speculation at this point in time, but I certainly wouldn't rule it out.

Just finished reading the article. The Niblack looks good. Anyone here have any idea of the level of difficulty of separating the various metals?

Thanks for sharing the video. It is interesting and something fresh to follow. Their port access reminds me of Hope Brook. Hopefully Giustra's association with this company and the now larger company will give it some higher credibility and visibility when it comes to financing Goliath's upcoming construction.

Here's the CEO of Blackwolf talking about their assets. Pretty interesting for sure.
This video has been out less than a day, but he doesn't mention anything about the deal with Treasury.

O.K., here's a good article about the Treasury buyout of Blackwolf. It gives clarity to what's going on with the transaction. A good read.

https://www.mining.com/treasury-metals-buys-giustra-backed-blackwolf-copper-and-gold/

I always attempt to read between the lines or connect the dots of situations like this, so this is purely speculation on my part. We know FMG is the largest shareholder of Treasury shares, so we had some say in this deal being done. Frank Giustra is a big holder of Blackwolf shares.

IMO this transaction is Treasury doing BW a big favor going forward. Of course, Treasury benefits too, but IMO BW stands to benefit more from this deal. In a roundabout way is FMG currying favor with Frank G? Maybe, who knows?

Might there be other behind-the- scenes talks going on between Keith and Frank G. about other gold mining endeavors? Dare I speculate on it. What would happen to FMG's legitimacy if a man like Frank G. took a nice stake in us? Hmmmm, just thinking out loud.

Wow, IMO this is FANTASTIC NEWS! We know what a huge player Frank Giustra is in the mining sector and this deal is getting his blessing and BACKING.

Not only is this great news for Treasury, but for FMG also. I know very little about Blackwolf, but I'll be checking them out today.

Thanks for posting that PR.

Glad to see Frank Giustra involved.
https://treasurymetals.com/news/treasury-metals-and-blackwolf-to-create-new-growth-2874042/

Doug Casey doesn't do the interviews he once did, but what he says is relevant still. Here's a recent interview he does with David Lin.
He makes so much sense in what he says about over-reaching governments.

News out on more drill results at Duparquet. The results look good and they're expanding the resource there, but still no word on a starter mine that I saw.

I'm going to see if I can get an audience with Paul in the next week or so to ask him about it. Finding more resources there just increases the overall value and interest at Duparquet, but what's going on with actually making some money there near-term?

https://firstmininggold.com/news/first-mining-provides-update-on-2024-exploration--program-at-the-duparquet-gold-project

That was my thoughts. He's leaving because he wants to spend more time with his family or maybe because all Hell's fixing to break loose at HSBC?

I know we've talked about HSBC in the past as possibly being a weak link in the banking chain. Maybe this Guy knows something is coming and doesn't want to have to deal with it.

Interesting timing.....I wonder what outstanding issues there made him pull the plug and bail out? I guess we'll find out.

$260 BILLION in dedollarization, just between China and Russia.

https://www.cointribune.com/en/brics-260-billion-in-trade-without-a-single-dollar/

Weren't we talking here in the past about potential problems for HSBC? Hmmmm.

https://www.zerohedge.com/markets/hsbc-ceo-unexpectedly-steps-down-work-life-balance

This is a must watch video for this reason. Those that may not have been through a big bull market move in gold and gold stocks aren't knowledgeable about how they work. In this video David Erfle does a pretty good job talking about the progression of the move.

Listen carefully to what he's saying. He talks about when the really big move higher in the gold price will happen and how the mining shares should react with the move higher in gold. I agree 100% with what he's saying about the new bull market coming back now that the gold price cracked the $2100 mark in convincing fashion. We'll see different moves in the mining shares as the move into stocks gets wider. The senior producers will move big first with the mid-tiers next and lastly the juniors.

He's absolutely right about giving up too soon on mining shares that may not move as soon as others do. I remember that from back in 2010-11. Some mining companies didn't go crazy until late in the cycle. I really don't expect that to be the case with FMG. A positive news flow will really propel the share price higher. That's when investors will actually be looking and listening to what's being said.

A probable scenario......all the morons in CONgress will proclaim...."if it wasn't for the cyberattack the economy would still be strong!" The Uniparty here in the USA is as strong as ever and they will seek out a scenario that allows them to continue their financial abuse of the rest of us....all the while putting on a dog-and-pony show for the folks who are still asleep in BOTH parties, making them think their reps and senators are fighting over something real when in fact they are just playing 3 card monte on those who are still asleep.

What is 3 card monte? You might know if you grew up in the 60s or 70s in any major city in the US Northeast or US Midwest. If you have never heard of it here is a great 10 minute video explaining it.


It even has its own Wikipedia page.
https://en.wikipedia.org/wiki/Three-card_monte

You would think that if they were forced to do bank bail ins such an event would ultimately be rocket fuel for the prices of gold and silver. Everyone would shun the banks and that in itself would be a huge change in the financial system.

Prof. Hanke isn't a mainstream, modern-day, economist. He doesn't believe in MMT, so he's seen by most pundits as outdated or old school. When in reality he understands more about economics than these other wannabe, idiot, economists.

I also hope if there is a massive selloff it occurs before the election. Listening to his comments about the negative money supply did also remind me of what Hanke has said before (and a few others). Hanke seems pretty darn good, so I wonder why he isn't on the financial shows more often? Oh yeah, he isn't saying what they want to hear. Lol

Even if the banksters do commit a bail-in, can you imagine all the people they will lose? Millions will shun the banks as much as possible in much the same way they did during and after the great depression. It would certainly further the case against CBDCs and make the case for gold, silver, bitcoin or anything else outside the control of the financial mafia.

There's a lot of truth in what the author of that article was saying. He spoke of what might happen if there were a nuclear exchange and how that might prompt the Powers That Be to do a financial reset or make the dollar rapidly fall in value. He could be right, of course, but my guess would be more in line with some sort of orchestrated, cyber-attack that wouldn't necessarily destroy mankind, but erase much of the information on computer ledgers. A cyber reset so to speak.

That might be something conjured up by the Banksters to get them off the hook. It wouldn't have to be done by one of our enemies, although they would HAVE to blame someone for it. IMO they have probably figured out something to do that may not involve a nuclear exchange. Time will tell on what happens.

Yes, well we know the Banksters allow for the speculative trading and shady games that go on behind the curtain. Not too different from the way they've manipulated PM's lower for years and years.

I agree with Dowd about there being other banks that will go under, but the big question will be which Ones and how big they are? We know the Banksters don't want another banking crisis via banking contagion to happen. If that came about and they couldn't contain it, then the bank BAIL-IN option might be what they have to do. An event like that could have gold and silver soaring higher, as people would be scared as Hell of putting any money in a bank.

I thought Dowd also made some comments much like what Prof. Steve Hanke has been saying about the now negative money supply. I actually hope and pray that we see a big market sell off at least prior to the election, so that may reflect negatively on Dementia Joe being reelected. I see a recession coming sometime this year, hopefully it arrives before the voting starts.

Good article about the DTC if you have time to read it.
https://www.encouragingangels.org/new-blog/2024/4/27/3tzuw68c4uq0id2lgkuci047ehyk4g

Enjoyed listening to Dowd, particularly his discussion of the Yen carry trade. Craig Hemke has talked about the Yen carry trade for years and how the arbitrage is exploited by traders. Hopefully Dowd is wrong about more banks having problems, but frankly i am surprised they have lasted this long (even with the Fed's help). Of course, as mentioned, we (taxpayers) will pay for it. What they need are some real criminal prosecutions and massive civil suits against some of the leadership of the banks if they are involved in fraud in any way. Some may just be involved in super-risky leverages bets, so that would most likely rule out criminal prosecution, but not civil suits based on their status as fiduciaries.

Interesting thoughts on the gold/dollar correlation and what that may portend for a stock market correction. Seems that we're approaching the threshold that may indicate the markets are going to tank soon.

https://www.thestreet.com/etffocus/trade-ideas/gold-dollar-relationship-is-telling-you-to-prepare-for-deep-correction

IMO this is must watch. What I really like about Ed Dowd is how simple and plain-speaking he is. He makes the discussion almost as simple as talking to your neighbor or friend about what's coming. More importantly, I think he's right with what he's saying.

The contraction of the money supply will bite most likely before the end of the Summer, but as he said there's so much fiscal monetary spending going on now that could prop the System up a little longer. The Powers That Be don't want to see a crash or Black Swan come before the election, so that dynamic will be in place.

I like his take on when they implement a CBDC, because as he said it will come when the SHTF moment arrives, not when everything is fine. They'll have to attempt to sell it when all Hell is breaking loose, so they can be seen as saving the day.

Some very good discussion about gold. What's happened and what will happen. The Fellow being interviewed gives a very unbiased opinion on what he sees and he definitely seems to be an authority on gold.

About midway through the interview they talk about Canada and what's going on with their not buying any gold currently when just about everybody else on the planet is doing so. This is something that still concerns me about mining in Canada going forward. If at some point Canada HAS to accumulate gold to stay solvent, what will they do? Is this when they are forced to nationalize the mining there? I hope not.

Some interesting commentary and insights from Vince Lanci. Listen to the entire short video he has and especially the last part about the senior producers starting to perk up with junior mining sector to come later. This is the way the mining cycle happens.

Vince gives the 7 reasons WHY to currently own mining stocks. He's trying to tell us that the big money investors are recognizing this now and are positioning their capital accordingly. A very good listen.

https://www.zerohedge.com/news/2024-04-26/watch-ubs-seven-reasons-own-mining-stocks

P.S.: I noticed on Thursday when the markets were tanking that Newmont was up about $3 a share, almost all other stocks were down. IMO that was the smart money buying in.

This is what happens when countries start sanctioning each other. The private companies like JPM, Goldman, etc. get caught in the middle of the politics, not that they're not already involved, but Russia's not going to sit still while the U.S. fucks them.

Russia will just hurt whatever entity they can, especially if it's American banks. These sanctions being levied on the particular parties are tantamount to undeclared war at the end of the day. Let's see if Jamie Dimon can get that half billion dollars back. LOL

Interesting.....I wonder if any of our oil companies outright own oil fields there or have JVs with Russian (or any other country) oil companie? Kiss those goodbye if this continues. A lot of folks who have nothing to do with this stand to lose a lot if this continues.

Ha Ha.....Russia's saying two can play that game. Tickles me.

https://www.zerohedge.com/markets/russia-seize-440-million-jpmorgan

What I heard him say is that a big market downturn would be deflationary, and I would tend to agree with him in that regard. The stock market will tank in lieu of a recession or slowdown in the economy. Of course, we know that in turn we would see job losses, higher unemployment, and a general loss of income for people. I heard someone on TV today make the comment the government is spending more right now, before we even are in a recession, than at any other time prior to a recession being present. That's definitely NOT a good thing.

Unfortunately, that's the way these boom/bust cycles the Banksters conjure up happen. They printed trillions of fiat dollars and the U.S. government did the same. That's why this inflation isn't going away very soon, but as Prof. Hanke has been saying the money supply is now negative and eventually all the money out there will be gone. I believe that's the day of reckoning and it won't be long after the SHTF moment comes, they'll be cutting rates again. That's when the inflation tsunami comes.

I think Bitcoin is a fair-weather asset in most part. I would be surprised if in a BIG down market that cryptos do very well. I don't see them as a genuine safe haven asset or investors jumping into Bitcoin when the overall markets are tanking. IMO PM's will fall too, initially, but I see them recovering much sooner than the crypto space does.

It was interesting listening to him. He did not seem to think hyperinflation would occur, just deflation (unless I missed it). Gold will do well either way. Particularly when the Fed opens the floodgates of money printing beyond the foolishness we currently have.

I laughed when he was talking about Bitcoin and paper cups. If the market nosedives and we go into a heavy bear market, do you think cryptos will go away or go higher?

I thought this was an interesting interview from David Lin. The Fellow being interviewed is basically speaking to the view that we're heading into a bear market and he gives his reasons for that. For the most part, that view isn't being reflected in the stock market and everyone seems to be looking for a "soft" landing. Like Prof. Steve Hanke, this fellow is calling for deflation ahead, not higher inflation.

Gold and silver will do better in a bad economy than will the high-beta tech stocks that everyone wants now, so when we see the economy begin to slow and roll over that should signal better times for PM's and the mining sector. That comes after the big initial market drop and subsequent sell off.



P.S.: I see the market is selling off this morning on bad GDP numbers that came out today.

They should be easier to obtain, but WHY they aren't more forth-coming concerning when it will happen is sort of odd IMO. If it was going to happen fairly soon you would think they would be shouting it from the rooftops to get investor attention.

I can't remember who posted it here from years ago, but Treasury's stock price should move before that of FMG simply because they're closer to becoming a producing mine than is FMG. I would agree with that analysis.

Maybe they are near the end of the entire process and the remainder of the items they need are small and/or easier to obtain? I wish Wyeth would go into more detail on that in their webinars, videos or investor presentations. It would be helpful. Hopefully they can obtain financing without any major dilution.

Now that First Mining looks like it is headed below .10 US again I will probably start nibbling.

So, the way I read the reply from Treasury is that in 2019 they were approved to proceed with the Goliath Project from the Canadian gov., but it would appear they still need more provincial and federal approval for a mine closure plan, whatever that is, they also need a Fisheries Act authorization. Don D. was correct.

What they failed to share was when they would have all this stuff? Don D. seemed to be pretty bullish that everything would happen and the shares are currently very undervalued. I actually almost pulled the trigger on adding more share when it was down around .10, not long ago.

Thank you for checking on this, because I thought they were already approved for everything.

P.S.: The final piece of the puzzle is obtaining financing to actually build the mine. That should be a big deal once everything is finally set.

Here is the response I received from Treasury IR:
Thanks for your inquiry.

On August 19, 2019, the Federal Minister of the Environment and Climate Change issued a positive decision statement (the “Decision Statement”) for the proposed Goliath Project pursuant to the Canadian Environmental Assessment Act, 2012. The Company is now proceeding with provincial and federal approval processes including development of a mine closure plan and seeking a Fisheries Act authorization among other permits and approvals required prior to the commencement of construction or operation of the Goliath Project.

Collection of environmental baseline & monitoring data commenced in 2008 at Goliath and 2021 at the Goldlund and Miller projects. The company will continue these important programs to support mine permitting and community consultation activities. We also hold active exploration permits and our claims package is in good standing.

Thanks,

IR.

I emailed Treasury about it. We'll see what they say in their response.

It ALL depends on what happens in the next 2-3 years.

If the Company can get Springpole permitted, resolve issues like Cat Lake, get the bull market in miners finally moving, and maybe even get some financing going to build a mine, then a 20X move IMO isn't unrealistic. When big investment money begins moving into the mining sector, these small mining companies with potential will move quickly. JMO

I'm not saying they can't go lower in the near term.

Not being sarcastic and certainly read all your postings. But 2 to 3 more years if I go back over the last eight years, I think I’m gonna see that a few times.

I, too, would be disappointed with anything less than a 20-25X return on this investment in the next 2-3 years.

IMO a 50X return is possible, but that might require a much longer wait to achieve. We should see a big jump in the share price once the miners go into a full-blown bull market. When that begins the price should jump bigtime IF all goes to plan.