Keith Neumeyer’s First Mining Is Entering Its Breakout Phase
Ever since NIA’s June 1st suggestion of First Mining Gold (TSX: FF) at $0.155 per share, the stock has gone almost straight up… never once closing below our suggestion price.
On Friday, First Mining surged 15.28% to a new 4+ year high of $0.415, representing a 167.74% gain in under six months. During this same period, First Mining outperformed:
- GDX by 2.61×
- GDXJ by 2.49×
- TSX Venture Composite by 4.79×
- VOO by 10.49×
For six consecutive months, NIA has been preparing its members for one of the biggest near-term catalysts in the entire mining sector: environmental approval for First Mining’s Springpole Gold Project, which would formally position Springpole as Canada’s next major gold mine.
NIA has repeatedly emphasized that no technology or crypto-related stock has a short-term catalyst even remotely comparable to what First Mining is on the verge of achieving. We even made an effort to identify a single tech or crypto play with similar asymmetry. For a brief moment, we considered Bed Bath & Beyond (BBBY) due to the potential tZERO IPO. Although BBBY spiked 80.71% within three months of us identifying that catalyst, the window slammed shut. And after NIA accurately predicted the collapses of Bullish (BLSH) and Circle (CRCL), followed by the disastrous IPO of Gemini (GEMI), the crypto sector has become… for all intents and purposes: dead money.
The only companies with short-term upside catalysts on the same scale as First Mining Gold (TSX: FF) are also in the mining sector. Of particular note is Minaurum Gold (TSXV: MGG), which will publish its maiden silver resource estimate at the Alamos Silver Project before year-end. That catalyst could surpass First Mining’s only because silver is building massive momentum and the market is positioned entirely wrong!
NIA first met First Mining Founder & Chairman Keith Neumeyer 16.5 years ago on May 11, 2009 at the Hard Assets Investment Conference in NYC. He was presenting First Majestic Silver (TSX: AG) and fighting with a malfunctioning laptop, but when we spoke with him afterward, he was friendly and genuine. Exactly three weeks later, on June 2, 2009, NIA suggested First Majestic at $2.72 per share. Over the next 22 months, AG exploded 848.16% to a new all-time high of $25.79 in April 2011.
Keith has always been among the sharpest operators in the resources sector. A few years ago, he personally told us to buy Snowline Gold (TSXV: SGD) at $0.30. We didn’t listen and today it trades at $15.47, which would have made it the largest gold stock win in NIA history. We will never doubt him again!
First Mining Gold (TSX: FF) is still in the early stages of what we believe will be a much larger move ahead of Springpole’s approval.
Click here to read NIA’s June 19th alert: NIA Companies Have the World’s Best Management!
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$50,000 cash for a six-month marketing contract. NIA is receiving compensation from MGG of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
