This company is headed by a guy named Mr. Neumeyer. Now why does this matter? Well Keith Neumeyer built First Quantum Minerals ( https://www.google.com/finance?q=TSE%3AFM&ei=cQebVcnVL4mRmAGbka1o ) . He took this company from a 40 cent stock to $15 dollars in about 5 to 7 years. It is presently valued at $9.5 billion. Then he created First Majestic Silver (https://www.google.com/finance?q=TSE%3AFR&sq=First%20Majestic%20Silver&sp=2&ei=2QebVbmBMcPDmAGfwJ-AAg) which went from $1 dollar to $20 dollars in the silver bull market, its presently at $6 dollars with a $750 market cap. As a note First Majestic Silver is a major shareholder on First Mining Finance. Mr. Neumeyer is First Majestic Silvers President and CEO.
Now what does this company do? This 51 cent company owns mineral deposits throughout mexico. It has around 20 claims and wants to have about 50 mineral deposit claims when its fully funded. When a much larger company wants to make a mine, they may go to First Mining Finance for a property. Whereby First Mining Finance gets a royalty or lump sum payment for the deposit.
This is probably a really good trading stock as it has a lot of volatility and is backed by big people in the business. It wont be doing much for a while but it will be fluctuating significantly.
My 2 cents
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