First Mining Finance (CVE:FF) is going to the moon

This company is headed by a guy named Mr. Neumeyer.  Now why does this matter?  Well Keith Neumeyer built First Quantum Minerals ( ) .   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 ( 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

This material has been prepared by . This document is for information and illustrative purposes only and does not purport to show actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those discussed, if any. No part of this document may be reproduced in any manner, in whole or in part, without the prior written permission of , other than to your employees. This information is provided with the understanding that with respect to the material provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. does not purport to and does not, in any fashion, provide broker/dealer, consulting or any related services. You may not rely on the statements contained herein. shall not have any liability for any damages of any kind whatsoever relating to this material. You should consult your advisors with respect to these areas. By accepting this material, you acknowledge, understand and accept the foregoing.

Rate the above article

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>