First Mining Gold Corp (FF) Quote

As much as Americans have been lied to by the government I hope Trump does an Audit on the  physical gold owned by the USA.  

I've always wondered how much gold actually exists in the vaults.

Another awesome interview by Alastair Macleod. He speaking to what he sees going on with gold now. The interviewer asks him some of the questions I thought were possible. Own physical PM's and store them yourself. Consider it gone if you don't.

This is a must watch interview. More discussion on the big flow of physical gold coming into the U.S out of the U.K.. These Guys are kicking around what may be going on with all these physical deliveries coming to the U.S. The amount of gold being delivered would equate to a big player being behind this. Is it the government?

There would appear to be a RUN on physical gold happening, so why is this ocurring now? Does this have some connection to Trump revaluing gold at current market prices? Maybe Trump wants to buy more gold before he revalues it? They mention the U.S. (Trump) may be wanting to do an audit on the U.S. gold supply, so are they attempting to cover their asses with possible gold shortages we have now? They even talk about possible tariffs being put on gold by Trump, so that may be something to consider. Who knows.

Something is going on and Peter Boockvar's interview from yesterday may be where this is going. This action is not happening for nothing.

If they pegged the dollar to gold, that would basically be going back on a gold standard in whatever percentage capacity they went to. I've read some articles saying that's what China may do and if they did it would that force the U.S. to do the same with the dollar? I think it would.

Let's face it, the whole world has pretty much run out of train track with fiat currencies, and everyone is sick and tired of seeing their buying power go to Hell with the inflation printing fiat has created. IMO this could happen when the debt bomb finally blows up and they can't fix it with more fiat printing. The higher the gold price marches the more relevance and attention it's getting.

Yes, it was not tied to what Boockvar was saying. I just threw it in as another example of possible positive headwinds for gold.

Gary Savage has some thoughts on the PM cycle and where he sees it going and for how long. Needless to say he's bullish.

I don't think pegging the dollar to gold is what Peter Boockvar was talking about in the interview I posted. He specifically talked about Trump doing a REVALUATION of U.S. gold.to current price valuations. IMO such a move is something right up Trump's alley. We know he likes to sensationalize things and surprise everyone.

What was being said about physical gold moving from the bullion banks and Comex back into the U.S. might be happening in anticipation of such a move. China continuing to buy gold hand over fist could be why that's happening. Everyone wants to hold as much physical metal as they can get before these major changes come.

Of course, if this all happens, as Boockvar said it could, such an event would put a major floor under the gold price and the bigger, unsaid, point being made would be gold is still relevant in the international monetary system. Such a move IMO would give a huge thumb's up to gold legitimacy going forward. I would also think that indirectly such a move would be very good for China too with all the gold they've been accumulating.

We'll have to see what happens, but I could see gold continue to run higher if this gold revaluation theme continues to be talked about. I was hoping to see gold higher this morning and it's down a little. Maybe just taking a breather.

I would think the miners would also get a major boost higher on any gold revaluation being done and the miners moved nicely yesterday with the big gold move we saw.

Andy Schectman and Kirk Elliott were also talking about pegging the dollar partially to gold recently. They said they're seeing unusual gold market activity. Great, we should do that in some manner to get the spending under control. Sooner or later we have to do that.

I just heard this news on CNBC fast money about gold. This could be game changing.

Peter Boockvar was on talking about the move higher in gold. He said his sources were telling him the Trump administration is possibly looking to move the country's gold reserves from the Fed's authority to the Treasury's authority AND reprice gold from the current on the book's valuations of $42 an ounce to valuations that gold is at now. At today's valuations that would be a dollar value of around $800 billion for just the revaluation higher of our gold

More importantly that would change the whole paradigm for gold perception. This move has been talked about before and from what Peter B. said it could be coming. WOW.

I found the interview and the link is below.

https://www.cnbc.com/video/2025/02/10/treasury-gold-holdings-worth-closer-to-800-billion-says-bleaklys-peter-boockvar.html?msockid=05bd2072b4756a2724a435fdb5226b62

Well, we hear daily of why this move in gold is happening. There are many different reasons why it could be going on. I've posted some on this board.

I suspect that a lot of PM buying may simply be on the back of FOMO in gold right now, just like we're seeing in the stock market. IMO this move is not related to a fear trade, war, or safe haven buying, which is normally some of the biggest reasons investors move into gold. That hasn't happened
yet and we're still breaking new price highs.

Where will the price be when we get to those points? Who knows, but my guess is we'll hit a high (probably over $3K) and pull back from those levels. I still see a recession coming and the Street is not. Gold and the economy will pull back if we get that recession, but a recession will mean more money printing and QE will follow. Gold should take back off higher for good, if that comes to fruition.

Every little bit extra helps, right? Certainly China freeing them up to invest in gold is one contributor to gold's performance the last several days. Thanks for letting us know about that.

Here's just another reason why we could be seeing this move in the gold price. China is allowing insurance companies there to invest in gold.

Just imagine where the gold price moves when the West finally starts to invest in PM's.

https://www.zerohedge.com/precious-metals/gold-tops-2900-china-pushes-insurance-companies-precious-metals

Oh.  Interesting.   Mr Neumeyer already owns 5% of Snowline Gold.  His name does not appear on the New Found Gold presentation.  However,  Eric Sprott has apparently invested $260 million into New Found Gold.  I guess that is his own money.  Not sure.

This is the video interview where Mr Neumeyer mentioned Snowline Gold and New Found Gold as attractive M&A targets that may be under the radar.  The question was, Does Keith think this bull market will float the Juniors as well as the Majors.  The answer was "If a major takes out Snowline Gold for $1 Billion then that Billion will get circulated down to more Juniors.  

I don't get the impression that Mr Neumeyer is looking at either of those companies as Merger opportunities with First Mining.

He mentioned that First Majestic has been successful by purchasing producing assets and increasing production with those assets.  

I'm not sure First Mining is the best fit for First Majestic.  There will be a good fit for Springpole.   Let's see who steps up.

My only point is that if you watch Dan's presentation and come away with the thought that those 10 projects are the only 10 gold projects in the Canada pipeline over the next 5 years, that is not a true statement. 

Springpole can receive EA approval and there is still a lot of work.  The government or province needs to build roads and power generation.  Duparquet with a smaller footprint might be able to reach production before Springpole.  

Maybe Kinross or Evolution Mining will be interested in Springpole.  Both are in the area.  Great Bear is in the same general area as Springpole.  Obviously Springpole is farther down the road than Great Bear.  Could Kinross build out Springpole before Great Bear?  Don't forget about Evolution Mining with all of that Red Lake Gold production.  Maybe Evolution Mining would be interested in Springpole.  

Agnico and Duparquet might be a perfect fit.

The Golden Triangle has KSM and Dolly Varden and Goliath.  Newmont already has projects in that area.  KSM is large enough for both  Newmont and Barrick to join forces.  

 If Canada can get their boot off the necks of the Mining companies there might be a new gold rush in Canada.  

Good Luck to all.  
Not investment advice.

I do have an issue with Dan's presentation. 
Dan's presentation has never mentioned the Seabridge Gold KSM project.

Seabridge Gold KSM project is in Canada and it does have EA approval from the Canada Government and in 2024 they received the status of "Significantly Started".  Okay. Maybe because Seabridge has invested $400 million over the last few years to receive the "Significantly Started" designation from the Canada government to lock in their EA approval for the life of the project.

The KSM project is incredible. 

Probably the next big announcement in 2025 by a major gold production company will be the Phase-1 contract for the KSM project.  Or as Rudi Fronk mentioned in a recent interview,  a major Copper production company could buy the KSM project for the copper and gold and silver and the moly-metal.  Just an incredible project.

The British Columbia Golden Triangle has a lot of big news announcements that will happen in this next gold bull market.

No offense to Springpole. At the very worst-case Springpole and Duparquet will be acquired by First Majestic Silver.   We just need to believe in Keith to get the best deal done.

In a recent interview Mr Neumeyer mentioned New Found Gold as a great company flying under the radar.  Something I found interesting that he would mention.

Just saw this article and it made me think, is this part of the reason we're seeing this leg higher in the gold price? Someone is buying a lot of physical gold and taking delivery of it, as is stated in the article. The article says the Comex is building their inventories as to not run out of metal, but how long can they keep that up?

They don't talk about this kind of action on MSM news, but it would appear something is happening below the surface. Interesting.

https://quoththeraven.substack.com/p/is-someone-attacking-the-comex-january

So, it was just more of the SOS, rehash. They didn't even bother putting it on the company website.

Thanks for giving us the your recap of the chat with Paul. I was only able to watch the last 5 minutes.

Did he touch on any specifics involving Springpole that you can remember?

I listened to the chat with Paul. For a long-term investor like me, who knows the company well, there really was nothing new there. For a completely new investor it was a very good "starter package" of sorts of why the company is very nicely positioned to benefit from the current bull market.

So, like I said Dan wouldn't have had to dive deep into what's going on with FN or the provincial permitting status, but it would've been nice for him to let us know "generally" where we stand with those things. His failure to even mention them IMO is somewhat negligent on his part, now I almost feel compelled to call Paul and grill him about how those are proceeding.

Speaking of Paul, I don't know if anyone here had the opportunity to listen to his "fireside chat" webinar on Wednesday. I had a prior appointment that kept me from joining in on it and I don't see any replay links to it on the Company website or on YouTube yet. Maybe he didn't even do it?

I would agree with You that if everything falls into place with the Feds permitting, we should get a lot of attention BEFORE final approval is given. That could happen sometime in the Summer, as I recall Dan saying all the final questions from the Feds should be answered by then. Let's see what happens.

Agreed, a lot of it was a rehash of prior information. I am pretty sure if there is positive FN information they will let us know. The overall tone was positive. I bet they have potential suitors asking questions right now....but those permits sure would help.

The stuff about moving the production estimate goalposts up to 8 or 10 millions ounces seemed a bit of stretch.....a permitted project at 5 million ounces will get offers. The end of 2025 or beginning of 2026 could be an exciting time for us. I anticipate the shares should move ahead of that time. How far and in what timeframe are key questions.

I follow Tavi Costa posts on LinkedIn. 
He has an interesting post and interesting chart almost every day.

This link is to a chart of S&P500 YTD results.  The technology sector is down YTD.  All other sectors are up.  His post comments are that the market rotation has already started.


https://www.linkedin.com/posts/otavio-tavi-costa-76368628_there-has-been-significant-rotation-happening-activity-7292925310407213056-ifxR?utm_source=share&utm_medium=member_android&rcm=ACoAAAAotmQByRfWE_lu-9eI0RQGbD4pgWWC8cg

Thanks for posting the interview. Matt seems to be covering a lot of the same ground with these interviews with Dan. They talk over and over again about the Federal permitting process and where we are with that, also about other projects that are potential buy-out targets. Most of these interviews are just rehashed.

I don't recall them talking much about the provincial permits that will be required OR what's going on with Cat Lake or First Nations? How is that all proceeding and exactly how much would those factors be involved in getting a final deal done with a JV partner? It would seem to me if those weren't potential hang-ups down the road for a potential partner our odds of getting a deal done sooner, rather than later, would be much higher, but it's never talked about.

I know Dan can't get into any specifics about what's going on with FN, but he could at least give us some context on how that fits into where we are currently. Are they holding the process up?

Overall, I thought what he said in this interview was very positive, but it would appear that any JV partners out there are still waiting and watching. At the end of the interview, Dan even sounded a little disgusted with how long this is taking to get done.

Latest Dan with Crux Investor.
https://www.cruxinvestor.com/posts/first-mining-gold-continue-to-advance-projects-as-industry-seeks-new-assets

After a brief drop to $2835, gold established a pretty firm bottom at $2850 for most of the day.

Let's see if $2850 becomes the new support.

I see we had big volume traded today. Over 2M shares traded on the U.S.exchange. Wonder who was buying?

I see a Company insider bought a few shares too. Will be interesting to see if any insiders were buying today.

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

A higher gold price works for the Indian Nation too. They aren't stupid and know that as the price moves higher, their negotiating prices go higher too. My guess is they want to get the highest price they can for the gold. That gives them greater power to ask for more perks.

Just something to take note of here. I have been following the comments received for Springpole on the Federal project website/portal:

https://iaac-aeic.gc.ca/050/evaluations/proj/80149/contributions

There are have been many letters of support coming in for Springpole from various organizations and businesses. There is definitely lots of local economic interests pushing for this project to be approved. The government of course knows this. Nothing will matter more right now for the regional governments than to create lots of jobs and more tax revenues along with new infrastructure, roads etc. With each and every day the gold price rises, the potential economic impact of Springpole (and Duparquet) grow bigger. Even the most stubborn people will soon realize this asset if developed will literally shower gold on these very poor and remote regions.

This is good and bad news. The good news is that Trump is getting rid of SOME of the deadwood in this bloated government. The bad news is that the 20K that are leaving will get paid through September. They should give them all a 60 day severance. They've already grifted years of pay from the taxpayers.

Gold and silver are looking good. Wonder when the rug will be pulled out?

https://www.zerohedge.com/political/20000-government-workers-take-trump-buyout-offer-mass-layoffs-loom

COminer, I echo your sentiments. The share price of this Company has been in the dumps for SO long, I'm still going to be skeptical of where our share price goes even after we do some sort of partnership deal. The price should go higher, but how high?

I really have a problem with any of these mining companies doing well UNTIL we see the overall market tank and a rotation out of high-beta stocks into the miners lifts the sector. That event is still not on the radar screen at this point, but things can change very quickly with Trump at the wheel. He brings a lot of uncertainty into the mix and that's good for PM's.

I think you're .05 share price prediction could come true depending on when a partnership deal
is announced. I've added some shares down here, but it wouldn't surprise me at all if they go lower if we
get a big market correction.

I wish I shared your level of optimism, but perhaps I am too jaded from the past decade of misery. Believe me when I say that I'm praying you are right!

I can sense something is now changing big time. With all this trade war talk and threats of annexation of Greenland etc. you are going to see very soon a "Metals War" i.e. countries are going to do everything they can to secure their supply of rare minerals and precious metals. This is what the Greenland talk is all about anyways, it's about resources. China has them already, the US does not. I think this could be it guys, it could lit up this sector big time. The market has just been waiting for the right catalyst but this is starting to get serious now. Gold just about to make new highs again. We are sitting upon one of the biggest undeveloped gold assets in Canada. A deal cannot be far away now and believe me when I say that these assets will get permitted and developed. The new incoming government will want these assets developed asap because gold is very soon going to be an extremely important asset for all countries.

Interesting article on physical gold on the move. It's not just from the tariff scare.

https://www.zerohedge.com/news/2025-02-01/zh-reshoring-us-gold-has-nothing-do-trump-tariffs

So, here's a short article on what's happened since Trump levied his tariffs on Canada and Mexico. In a nutshell, they're not caving in right away and are putting their own tariffs on the U.S. Uh oh.

The U.S. tariffs actually start on Tuesday, so if this begins and they can't come to some sort of resolution right away, these actions will have price repercussions. The article also states that everybody else Trump wants to tariff target will follow what Canada and Mexico are doing. This should get interesting.

https://www.msn.com/en-us/money/other/trump-tariffs-markets-brace-for-falls-as-mexico-and-canada-hit-back/ar-AA1ygYGl?ocid=msedgntp&pc=U531&cvid=8f3a8926536d4048b0ef7345126f4d50&ei=24

If you have questions for Paul, call him. His job is to answer shareholder questions. He's very accessible and he'll promptly return your call. He called me from Germany @ 11:00 PM his time recently.

Most of my calls to him are about something specific, but I've called him about things I want him to know or be aware of too. I've made him aware of company issues he didn't even know about prior to our conversation.

Paul wants to be helpful, but like Dan he can only reveal so much. Most of what we want to know is still a big mystery.

Paul replied to one of my emails and gave me his phone number.  He said I could call him.  I don't want to waste his time on the phone.  My investment is hopefully important for me long term, but it is still just a drop in the bucket.  I  have a positive impression of Paul.  

Trumps tariffs are what pushed Trudope out the door. Trudope's liberal policies are what the tariffs are targeting. Same thing for Mexico.

I.E.: Open borders, Fentanyl crisis, Trudope just being a dickhead in general, etc.

I want to add a couple of things I have heard from other folks.
Yes, the US stock market is definitely in bubble territory.  If the current value is 60% of the global market value, and the biggest slice of that 60% is folded up into 7 or 10 companies that is extreme bubble territory.  The bubble has to pop.

Many of these other G7 or G20 countries have their own debt problems.  China and Russia and the BRICS are not without problems.  From what I've read, China's private sector has most of their wealth tied up in a housing debt bubble.  China is dropping rates, but the private sector is already in debt.  China's advantage in the past as a low cost manufacturing base has some problems as well.  Their population is shrinking.  

I have also heard Canada private sector has an extreme debt crisis. 

There is obviously a discouraging outlook for the US.  The rest of the world has problems as well.  

I haven't seen anyone post this.  Andy Schectman is talking about gold getting repriced to $142,000 as a way out of the debt crisis for all of these countries.  All of these central banks are buying gold as fast as they can.  I don't know how all the debt paper gets flushed without overflowing the toilet.  Everything else breaks if gold goes to $142,000 and the world has a new gold standard.  Could this work?

I think the people he's offering to buy out is only because he CAN'T fire them. That's the stupid way this government is rigged.

What private sector job would allow an employee NOT to come into work, if that was required to keep your job? The only One stupid enough to do it is the U.S. government. Covid has been over for a long time now, but these people decided they don't want to go to the office anymore. WTF

These are not workers, they're grifters looking for a free paycheck. Turns my stomach to think they're not getting fired on the spot. The waste in this government is why this country is in big trouble.

This is FYI to everyone here.

Paul Morris will be conducting a fireside chat on the PM markets this coming Wednesday Feb. 5th at 1:00 ET.

He will be taking questions after his presentation. Let's hope he'll be more specific on things than Dan has been.

Hoping that the tariffs don't inadvertently cause enough support for Trudope to remain in place.

History tells us that trade wars will eventually lead to REAL war and especially heightened hostilities from those involved. Trump is obviously pushing the envelope when it comes to creating trade wars. IMO Trump rightly sees BRICS as a threat to dollar hegemony and that's why he's threatened 100% tariffs on BRICS countries. I really don't see how that's going to work out well for him, but as I said in my prior post, why is he resorting to such drastic measures?

I think it's either a big bluff on his part or he sees the dollar is in a very bad place right now and feels he has to do something about it. IMO something is brewing for a changing of the reserve currency guard and the path Trump is taking would only seem to accelerate its demise. IMO a move to tariff the BRICS countries could be a huge mistake. I guess we'll how this plays out, but if he continues to threaten our current allies that won't end well either.

Trump seems to be under the impression the rest of the world needs the U.S. and the dollar to survive. His actions seem to be pushing back on that theory instead of helping it.

Do you think Trumper's offer to buy out federal employees is a good idea? I can see from a numbers perspective it makes sense down the line. It also makes sense because when you have people voluntarily leave with an extremely generous offer there is less of an argument for those who chose to remain that they had no opportunity and/or incentive to leave when subsequent reductions in force (RIFs) occur (f they occur).

There's a couple of things happening here. I've been around long enough to see this come around.

First of all, when you have an embedded "deep state" or bureaucracy in government, like we have in this country, they think they're ABOVE the law. That laws don't apply to them, and they just do whatever the Hell they want to do. These are not elected officials and aren't accountable to anyone, especially to the voters. These are the crooks behind the curtain, like are in the article I posted.

Look at all of the Assholes that weren't/aren't even bothering to show up to work their government job. Covid's been over for years and they just said fuck it why go back to work. I'll just pretend I'm working from home and draw a big paycheck. This is absurd, but nothing was done under Braindead Joe and you can't fire them. Trump had to threaten to lay them off if they didn't start coming back into work. Where in Hell can I get a job like that? No wonder people elected Trump back into office on the hopes he would clean some of this mess up.

The other big thing that's come about over the years is that NO ONE GOES TO JAIL ANYMORE for crimes they commit. This is for all types of crime. People all over this country literally get away with murder and sadly it's the victims that get screwed, because more often than not the criminal gets off.

Yes, it been going on a long time, but it's gotten much worse in my lifetime.

P.S.: I almost forgot to mention all the rot and corruption that's gone on for years in agencies like the CIA, FBI, Justice Dept., to name just a few. They need a huge house cleaning to happen, and I pray Trump can fix at least some of it.

Yup. The problem with Trump's approach is that it only works as long as you are a major exporter of commodities and goods and run a big trade surplus. As long as the world needs what you produce you can get away with protecting certain key domestic industries and products like agricultural produce for example. This is what many major exporting European countries have done for ages.

The US runs the biggest trade deficits in history which means applying lots of tariffs right now is only going to accelerate the decline. It will temporarily reduce the trade deficit but only at the expense of much higher costs for the American consumer. Like you said this will likely now lead to just more countries joining BRICS and you could get Canada and Mexico as well as others uniting with each other against the US. Trump likely thought he could extort countries to do his bidding but now you see countries are starting to push back. I'm afraid the next four years will be the final embarrassment for the US which will make it clear their era of dominance is now over.

You can't expect to reverse decade long global supply routes in four years. I sort of understand what Trump is trying to do but it will have horrible consequences for the US economy. The US has the most to lose here market wise because the US stock market accounts for some 60% of the total global market cap. This is completely ridiculous when you consider that a real trade war has now started. We could very well see a massive crash here soon because I think the markets thought this was all going to be a quick showdown where most countries would fold to the US. Now that other countries are pushing back against Trump, we could see a violent reaction.

When it becomes clear that his policies are not working out, I'm afraid the current US establishment will ultimately resort to a war with Iran. You could also see things starting to get hot in the South / East-China Seas and around Taiwan.

All of this should be extremely bullish for gold and silver.

So if you know the payments are going to fraudulent groups or terrorists, you yourself are committing a federal crime if you fail to report it.

https://www.thefederalcriminalattorneys.com/misprision-of-a-felony

Are we really surprised this type of nonsense was going on? Heck, it has probably been going on my entire life. Just charge a few people with it. Don't know if it would solve anything, but it might make people more apt to report it for a wihile.

How come this isn't surprising and obviously one of the reasons for the run-away debt problems in this country. This could very well be a "black swan" event in the making. What happens if the auto-pays stop? You can't make this shit up.

https://www.zerohedge.com/political/treasury-depts-highest-ranking-career-official-rage-quits-after-musks-doge-team-probes

This is a fantastic interview with the TA guys. If You can't get excited about where gold is headed after watching this, you need to sell your gold and gold stocks.

I especially like listening to what Kevin Wadsworth has to say. He speaks to history and what gold has done in times past. They think we're in the beginning stages of capital rotation into gold and out of stocks. This happens in cycles, and we see it happen often.

I agree about what seems like a Trump weakness.   He seems to tie his ego and success to what is immediately happening in the stock market.  

Meanwhile merely the threat and perception of these tariffs has touched off a buying frenzy on gold for delivery in the US.  Obviously a short-term inflationary push in the price of gold and silver and many other products that originate from Canada and Mexico.  Even if the tariffs achieve the desired result and are only short-lived the shock to the markets may trigger the rotation into commodities.  Gold is already at ATH and now this tariff threat could trigger the rotation into commodities. 

Next week will be very interesting to watch.
Not sure gold and silver stocks will benefit next week if there is a huge sell-off in the markets but it could be a trigger to get things started.