First Mining’s Weekly Chart #1 Most Bullish in Market
First Mining Gold (TSX: FF) gained another 5.56% on Monday to $0.76 per share and new 52-week highs will be here shortly. First Mining's weekly chart is definitely by far the #1 most bullish out of all gold stocks. It might even be the #1 most bullish weekly chart in the entire global stock market:
First Mining's Springpole is Canada's latest gold project to receive Federal EA Approval. The only other Canadian gold project of similar size to recently receive Federal EA Approval is Skeena's Eskay Creek.
First Mining's Springpole has an indicated 4.8 million oz of gold plus an inferred 0.8 million oz for 5.6 million oz of total gold resources.
Skeena's Eskay Creek has a measured & indicated 4.1 million oz of gold and 101.4 million oz of silver, which is equal to 5.6 million oz of gold equivalent.
Skeena's market cap is approximately CAD$5 billion or nearly 5x higher than First Mining when the total gold equivalent resource sizes of Springpole and Eskay Creek are almost exactly the same.
First Mining also owns the rapidly growing Duparquet in Quebec, which has a measured & indicated 3.44 million oz of gold plus an inferred 2.64 million oz for 6.08 million oz of total gold resources.
The closest comparison to First Mining's Duparquet would probably be Gold X2's Moss in Ontario, which has an indicated 2.125 million oz of gold plus an inferred 3.91 million oz for 6.035 million oz of total gold resources.
Gold X2 is trading at a market cap of CAD$752 million for Moss alone when it is an earlier-stage project like Duparquet.
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. NIA has received compensation from FF of US$100,000 cash for a twelve-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA previously received compensation from AUXX of US$30,000 cash for a three-month marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.