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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Message: My old valuation modle with 6 million ounces and a PFS
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As a development company with a 43-101 ( 1/3 resource 1/3 inferred 1/3 potential) & a pre-feasibility study
( We will have both of these later this year.)

The value of the in ground resource will go up to 150/175/200 per ounce?? So 175 for this exercise.

4.4 million X 175 = 770,000,000 / 117,000,000 = 6.58 per share

6 million X 175 = 1,050,000,000 / 117,000,000 = 8.97 per share

7 million X 175 = 1,225,000,000 / 117,000,000 = 10.47 per share

10 million X 175 = 1,750,000,000 / 117,000,000 = 14.95 per share

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