Do not underestimate the upside potential of First Mining Gold (TSX: FF) or FFMGF on the OTCQB. Yesterday was a record volume day for FFMGF and we are still one week away from FF shareholders voting on the Special Distribution Resolution and three weeks away from the targeted record date of the distribution. If approved on June 30th, FF shareholders will receive 23,333,333 Treasury Metals (TSX: TML) shares plus 11,666,666 TML warrants on a pro rata basis.
FF's Founder and Chairman Keith N. Neumeyer is one of the world's most successful mining executives at creating shareholder value. As Founder and CEO of First Majestic Silver (TSX: FR), Neumeyer rapidly grew FR's market cap from $238 million at the time of NIA's suggestion to a market cap of $2.5 billion ten months later. Four months ago, FR's market cap hit a new all-time high of $6.85 billion! Since NIA's suggestion of FR it has been the world's #1 best performing silver miner!
In 2015, Neumeyer had FR acquire another previous NIA stock suggestion SilverCrest Mines. Neumeyer acquired SilverCrest Mines for FR because he wanted its Santa Elena mine to become FR's sixth producing silver mine. SilverCrest Mines also came with an impressive portfolio of silver exploration projects that most other CEOs of a multi-billion dollar mining company would have forgotten about and done nothing with. However, Neumeyer came up with the genius idea of spinning off SilverCrest's exploration projects to shareholders as a new publicly traded company called SilverCrest Metals. Shareholders of the old SilverCrest Mines not only received FR shares but also received free shares in a brand new publicly traded company SilverCrest Metals (TSX: SIL)!
SIL began trading on October 6, 2015 at $0.175 per share with a market cap of $3.85 million. Five months ago, SIL hit a new all-time high of $16.37 per share where it had a market cap of $2.12 billion! After Neumeyer's spin off of SIL its share price gained by 9,254.29% while its market cap increased by 54,964.94%!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from FF of USD$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.