With global uncertainty on the rise, and a potential dollar crisis, a well known silver mining CEO has launched a new resource acquisition company.
With gold, silver, and mining shares trading at 40-year-low valuations, legendary investors and a famous mining entrepreneur come together to form a new mineral bank.
With the objective of acquiring hard assets while they are cheap, through mining properties, First Mining Finance (TSXV: FF & US: FFMGF) has been trading since last April.
Their founder is Keith Neumeyer, founder and current CEO of one of the world’s top primary silver producers, First Majestic Silver. In the 90s, he also founded and ran First Quantum Minerals, one of the largest copper producers in the world.
Legendary investors Rick Rule of Sprott Asset management, Doug Casey of Stansberry & Associates, and Marin Katusa of Katusa Research came in together to become First Mining Finance’s largest single shareholder.
The last time investors partnered early with Mr. Neumeyer, they could have turned $10,000 into $1.2 million!
The Sprott Group is headed up by a famous Canadian billionaire, Eric Sprott.
For being less than 6 months old, here is how this small 40-cents-a-share company is doing…
April 6th, 2015
The birth of Keith Neumeyer’s 3rd company, First Mining Finance (FF), comes after his first two reaching billion-dollar market caps and making early investors millions!
FF, much like Keith’s first two companies, First Quantum Minerals and First Majestic Silver, was a company started at the depths of a bear market.
It started with 18 projects, all with established mineralization: gold, silver, lead, copper, and zinc in the Americas.
It’s a mineral bank for hard asset investors, where Keith and his team will accumulate high-quality resources at dirt cheap prices due to the 4-year commodity bear market.
FF plans to do joint venturing projects, spin outs, royalties, and sell some assets to majors for much higher prices.
April 28th, 2015
First Mining delivers a hostile takeover bid to acquire Coastal Gold Corp (COD).
With Coastal Gold management rejecting FF’s offer, Keith and his team went directly to COD shareholders, and 2 weeks later, officially announced a deal to acquire the company with shareholder support.
FF was set to have their first transaction, buying Coastal Gold Corp., a $47 million market cap company prior to the bear market, for just $11 million!
This was an extreme value deal. Installation costs of the power lines alone could easily be $40 million, not to mention the $1 billion worth in gold resources.
May and June 2015
Insider buying begins to ramp up, with 10 separate insider buys from founder, Keith Neumeyer.
July 8th, 2015
Coastal Gold transaction closes. With the addition of the Hope Brook gold project, FF adds nearly a million ounces of high-grade gold (844,000 indicated/110,000 inferred ounces) to its mineral bank strategy.
FF paid less than $9 an ounce of gold for this project.
September 1st, 2015
Absolute shock and awe, an event that will likely attract major fund managers and reveal just how serious Keith Neumeyer is in building his 3rd billion-dollar company.
With 19 projects owned that at the heights of the market would likely have been valued at $300 million, FF, with its current market cap of less than $40 million, threw out a haymaker of a press release.
FF announced the acquisition of two companies: Gold Canyon Resources and PC Gold. Once closed, the transaction will add another 6.4 million ounces of gold to their portfolio.
The Springpole project currently owned by Gold Canyon already completed a Preliminary Economic Assessment study, with an estimate of producing 217,000 ounces of gold and 1.2 million ounces of silver annually. This is one of Canada’s largest undeveloped gold deposits!
FF is paying about $8 per ounce of gold for this project!
The Pickle Crow gold project currently owned by PC Gold will add a million ounces of high-grade gold.
FF is paying about $6 per ounce of gold for this project!
These are dirt cheap prices! Historically, companies pay about $50 to $100 per ounce of gold in the ground when buying a deposit.
September 18th
Keith Neumeyer tells FutureMoneyTrends.com he plans to buy millions more shares.
According to Keith, he has openly stated that the objective for First Mining Finance is to create his 3rd billion-dollar company. From today’s prices, this would be a 2,930% return on investment, or in dollars, it’s like turning $1,000 into $30,000!
Just last week, Keith bought 100,000 shares; prior to that, nearly a million, and he’s already one of the largest shareholders!
Bear markets are where Keith Neumeyer thrives!
Keith plans to make a 3rd fortune using this strategy at exactly the right time, in my opinion.
Management is aggressively looking to increase the project portfolio of First Mining Finance while the bear market in resource stocks persists.
They are literally buying while there is blood in the streets, and this elite group of resource investors is using FF as their attack vehicle.
In the mid-‘90s and the early 2000s, investors with Keith were in the same boat. They owned shares of First Quantum Minerals and First Majestic Silver, with market caps of less than $30 million, only to be rewarded with gains of 10-20-30 times their investment.
Today, investors have a new opportunity with him, only this time, the bear market was worse than where the other two companies started from.
And the new company he has started is a no-holds-barred mineral bank that is looking for distressed sellers.
Precious metal and other mineral companies are bleeding cash, and First Mining Finance is looking to aggressively accumulate assets at bear-market-low prices.
This is NOT a day trade – this is an investment into the building of a real company.
Please make sure you are subscribed to FutureMoneyTrends.com, as our coverage will include all updates for FF.
Fortune favors the bold!
Daniel Ameduri
Chief Editor, FutureMoneyTrends.com
COMMENTS
Please let us know if you're having issues with commenting.