Re: Sell or Hold

First Mining Gold

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.

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FANTOMAS

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Re: Sell or Hold

in response to

Sell or Hold

Panamax

posted on Apr 07, 2011 05:09PM

I took some profits @ $4.05 (which was a 9-bagger for me).

I´m waiting for the "deep drill" results for the next tranche to sell.

All recent shallow holes (up to 300m) ended in mineralization. The deep drill is testing up to a depth of 800m as we speak. If there is mineralization for that entire length confirmed (and probably even these holes end in mineralization), then we are in a completely new ball-game, meaning doubling known resources.

This would bring us close to 10M ounces very quickly, meaning a share price well above $5 (I tend more towards $10-12 in that case).

So I definitely will hold half of my position up to that point and a quarter for the final buy-out scenario.