Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡Gold and Silver Investors May NEVER SEE THIS Again⚡

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⚡Gold and Silver Investors May NEVER SEE THIS Again⚡ · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  This is unbelievable since gold has been hitting record highs.
• 0:05
  And I look at, I look at the two main newspapers in Canada and I
• 0:13
  look at their business sections and I have only seen one article
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  in the business section that has the word gold in it and that
• 0:23
  wasn't even gold hitting record highs.
• 0:25
  So you know once the press starts catching on to the story,
• 0:32
  I think that will start waking investors up.
• 0:35
  You know right now there is some have sent me a chart the other
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  day. Right now 1% of global
• 0:45
  investment assets are allocated to gold and gold miners.
• 0:49
  In other inflationary times in the past, let's say in 8/19/81,
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  I think that number was 25% or 26, something like that.
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  In 1928 it was 30%. So there's so little it's
• 1:10
  allocated towards the gold sector and at some point that's
• 1:14
  going to change. Even if that 1% were to double,
• 1:18
  that still represents A tremendous amount of buying.
• 1:22
  So why, you know, why do I think that's important to us?
• 1:30
  Look, these majors have to replenish, not actually not just
• 1:35
  replenish their depleting reserves, but grow their
• 1:40
  reserves. And while there's lots of money
• 1:43
  being spent on exploration, there aren't many new
• 1:46
  discoveries being found. You know, first mining is in the
• 1:50
  enviable enviable position of having several large multi
• 1:58
  million ounce projects in great jurisdictions and I can talk a
• 2:03
  little bit more about those. But these are projects that I
• 2:07
  think would be of great appeal to some of these majors whether
• 2:12
  they, you know, whether they want to get involved or try to
• 2:16
  buy them or whatever puts us in a great situation.
• 2:19
  The other thing is our stock. Our stock price is in my opinion
• 2:27
  like significantly significantly undervalued.
• 2:31
  Our projects have incredible leverage to the price of gold.
• 2:35
  In fact, every out of every $100 that gold moves up, the after
• 2:41
  tax net present value moves up by a total of $250 million.
• 2:47
  Now our current market cap is in Canadian dollars about 130
• 2:54
  million. So and and and by the way those
• 2:58
  those when we did our, our studies of pre feasibility
• 3:04
  study, we used the price of gold of 1600 and for the another
• 3:09
  project the Du Parquet project in Quebec, we used 1800.
• 3:14
  And even at that level we're currently trading at .1 times
• 3:19
  net asset value. Historically that should be
• 3:22
  between .3 and .5 S just leaving those gold prices as is in, in
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  the studies we did on the spring cold project, the pre
• 3:33
  feasibility study that we did, we announced that back at the
• 3:37
  beginning of 2021. And then our preliminary
• 3:41
  economic assessment that we announced in September of 2023,
• 3:46
  we used a price of $1800. So if you would, if you were to
• 3:53
  adjust the .1 times net asset value up to what is a historic
• 3:58
  norm, .3 to .5 a stock, a stock price should be much, much
• 4:05
  higher. If you adjust that even further
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  to reflect the current gold prices, it's like significantly,
• 4:16
  significantly higher. So that's why I think our
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  project, I'm sorry our company, our stock has unbelievable re
• 4:27
  rating potential that that's the term we use in our corporate
• 4:31
  presentation. I like to use and this is
• 4:34
  probably me being an ex stockbroker, I like to use the
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  term yeah potential for significant appreciation of
• 4:44
  capital gains and you know what's going to move that.
• 4:48
  Well a bunch of things we've got, we've got to have money
• 4:53
  coming back into the sector and I think we're on verge of
• 4:57
  turning. I think you know gold for the
• 5:02
  last couple of years was facing headwinds by interest rates
• 5:07
  being pushed up in in the US that gave lots of headwinds.
• 5:12
  Then all of a sudden you know that stock rates stopped going
• 5:16
  up. I think the central banks
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  especially in China were buying gold like there's no tomorrow.
• 5:23
  That was pushing the price of gold up.
• 5:26
  And you know we went up to 2400 and now we're back down to 23
• 5:30
  and change and and something else I should mention is the
• 5:35
  resilience of gold is phenomenal every time.
• 5:39
  You know, in the past, every time I had a good day, it seemed
• 5:41
  to have got clobbered the next day with the Fed coming out with
• 5:44
  news that was just bearish for gold.
• 5:48
  Now it's the opposite. You know, gold moves up.
• 5:52
  It has a down day. It picks that back up the next
• 5:58
  day and a little bit more. What do I think is going to take
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  gold to the next level. I think when we start seeing
• 6:05
  even just the mentioned by the Fed of you know, inflation is
• 6:11
  under control, rates are going to start coming down and I think
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  that takes gold to the next level, maybe 2500 and who knows,
• 6:22
  listen, maybe it gets to the levels that some people laugh at
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  3000. But I well, I would say even at
• 6:29
  2500 even the press has to start noticing reporting that I it's
• 6:36
  it's just absolutely absurd. And I think these are some of
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  the, the most incredible sort of what I call the macro catalysts.
• 6:46
  Actually, I divide catalysts into 3 categories macro, which
• 6:50
  is the price of gold or the, the state of the sector, operational
• 6:54
  catalysts, which can be things like drilling results or you
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  know, news on the permitting process, you know currently, as
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  you know, permitting a spring pole project and then what I
• 7:09
  call the unexpected catalyst. These are catalysts.
• 7:12
  When I was in the stock program, it was just wonderful when you,
• 7:16
  you know, you go into the office, the market opens and you
• 7:19
  know the stock that you bought at 2020 clients and all of a
• 7:24
  sudden they've managed to drive this big contract.
• 7:29
  Or in the case of a a mining exploration company, they fed a
• 7:35
  castle pole and the stock goes through the roof.
• 7:38
  So you know, what sort of unexpected catalysts could I,
• 7:42
  could I be here, Who knows, maybe we get a big strategic
• 7:47
  investor that looks at us and says hey, we've got to own that.
• 7:51
  This is a company with two large projects, one of which both in
• 7:57
  great jurisdictions, one of it which is at the tail end of the
• 8:02
  permitting process and it looks like there's yo some light at
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  the end of the tunnel with and and you know, I think if we
• 8:13
  could see something like that, then the stop just takes on a
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  new life. And yeah, but sometimes these
• 8:20
  things happen overnight. You can try to predict what the
• 8:23
  catalyst will be, but it's just gonna it's.
• 8:31
  Just gonna it. It happens when you least
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  expected. You know, you talked about
• 8:36
  ridiculous gold price predictions and you mentioned
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  $3000. What some people think is
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  ridiculous. I think it's important to point
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  out that Citibank, one of the biggest financial companies in
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  the world, has a $3000 prediction for gold sometime in
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  2025. S these numbers that a lot of
• 8:54
  people call ridiculous, I mean, think about back, let's say, in
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  October just of last year. Paul, we would have thought that
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  $2300 gold, a lot of people would have called that a
• 9:07
  ridiculous, ridiculous. But for a May, for a May 2024,
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  you know that if we had told investors back in October of
• 9:18
  last year that that in six months we could have a $2400
• 9:21
  gold price, they would have said, oh, you're crazy, that'll
• 9:24
  never happen. So I think with all the macro
• 9:27
  factors that you described and that things have changed that we
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  could be moving into an environment where we do hit
• 9:34
  these numbers and the gold price that are that you know in the
• 9:38
  past may have seemed a little far fetched.
• 9:41
  I want to ask you a question because you also talked about
• 9:44
  the resilience of the gold price as of late and I'm noticing it.
• 9:49
  I'm sure our viewer is noticing it, but it's real, right?
• 9:52
  Like you said, the price gets beat down.
• 9:55
  It seemed like a year ago, two years ago, the gold price would
• 9:59
  go up and then it would get beat down even further and then it
• 10:03
  would go up and then it would get beat down.
• 10:05
  I think that's like what most people call a bear market.
• 10:08
  Would you say now that it's very possible that we're in a bull
• 10:12
  market where the price of gold goes up?
• 10:14
  Sure. You know it like we've had the
• 10:16
  last few weeks, it gets pulled back to 2300 but then it
• 10:20
  continues upward, pulls back a little bit and continues even
• 10:24
  more. I heard Keith Neumeyer talk
• 10:25
  about that 10 year bull market from O2 to 2012 and that's kind
• 10:29
  of how he described it. Like the price of the metals
• 10:32
  would go up we think oh it's over you know and then then they
• 10:35
  would they would come back down, but then they would go to new
• 10:38
  highs and then the same thing they'd come back is that, is
• 10:40
  that, is that maybe what we're going through right now.
• 10:43
  Yeah, I I I think so. You know, there's still, I think
• 10:49
  you've still got factors like the central banks buying like
• 10:56
  crazy that that helps. And I do think that a lot of
• 11:04
  investors do feel that interest rates will pivot at some point,
• 11:13
  that there's no more pressure for them to go up, that there's
• 11:17
  more of an inclination for them to to drop.
• 11:22
  You know, we've we've seen some horrible inflation.
• 11:25
  God, I was, I was out for dinner last night and mediocre meal.
• 11:29
  That cost for me and my friend that cost you know, over $200,
• 11:37
  it's like it's nuts. I would have said that same meal
• 11:40
  before, before COVID would have been 150 tops.
• 11:48
  Like it's it's it's nuts. I can't see, I really can't see
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  inflation you know worsening. It's it's been tough enough
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  already and I think I think households are having a a tough
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  enough time as our businesses have seen their you know input
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  costs go through the roof. So you know, I think just you
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  know the market moves in the expectations, but you know
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  future expectations and I think maybe you know rates coming down
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  might be built in. Well, because because can can
• 12:27
  the Fed really raise interest rates at this point, we have a
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  record amount of government debt, a record amount of
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  corporate debt and a record amount of consumer debt.
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  I don't think that any of those categories have much more
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  bandwidth or ability to absorb interest rates going much
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  higher. You know it would it would it
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  would kill the consumer, it would kill corporate profits
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  because these big corporations have to have to roll over all
• 12:52
  this debt. And of course the United States
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  government has 10 trillion that whatever in the next 18 months
• 12:58
  they need to refinance. I don't think that we can raise
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  rates. But if we lower rates, which is
• 13:06
  the more likely scenario at this point, that will feed even more
• 13:10
  inflation. And what the gold and silver for
• 13:13
  that matter, love more than anything?
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  Is that inflation or even more so, a stagflationary
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  environment, which a lot of people think we're already in
• 13:22
  right now? Yeah, no, listen, I I agree.
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  And I think that's, you know what as I said earlier, once we
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  see rates start to come down, I think you see the other gold
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  move significantly, silver as well.
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  And you know I'm look I'm obsessed with with you know
• 13:46
  mining stocks a lot of My Portfolio probably way too much
• 13:51
  is invested in gold and silver. So I'm you know I'm rooting for
• 13:58
  much, much higher commodity prices.
• 14:01
  I think listen I think it's I think it's going to happen.
• 14:04
  You know I we haven't seen yet the generalist investor come
• 14:10
  back in. You know, they're still into all
• 14:13
  these high techs that are trade fantastic companies that the
• 14:17
  multiples just kind of make your head shake a bit.
• 14:23
  There will be a rotation. You know, you do get some people
• 14:27
  say no, that cryptocurrency is the place to be.
• 14:35
  I won't express my opinion on cryptocurrencies, but I think
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  just mentioning that suggests my opinion.
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  But gold has been around for thousands of years.
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  It's been a phenomenal investment and even long term
• 14:55
  you look at even the gold mutual funds over the long term, they
• 14:59
  have all done very well. The problem is we've probably
• 15:03
  been like I was a stockbroker as I mentioned, you know this is
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  it's gold. The metals are cyclical.
• 15:11
  This is going to be one of the worst cycles I've I've ever seen
• 15:15
  and I think when it turns, I think we've got a lot of catch
• 15:20
  up to play and I'm kind of a lot of catch up to see.
• 15:24
  And I think we could be in for a bit of a mania where you know
• 15:28
  prices go go crazy. And I'm looking forward to
• 15:33
  seeing some valuations that people say, oh, it's a, it's a
• 15:37
  little rich right now, I'm forward to that.
• 15:40
  So, so, so you just you just said that in your years that
• 15:44
  you've been following this sector that this is about the
• 15:48
  the the most challenging environment that you've seen or
• 15:51
  it at least matches any of the previous challenging
• 15:55
  environments that you that you've witnessed for the mining
• 15:57
  stock. So is it safe to say that the
• 16:00
  pendulum right has has swung so far to the negative sentiment
• 16:06
  side that that as it starts to swing back, I think I heard you
• 16:10
  say it may overshoot we could get into a mania environment.
• 16:13
  And I wanna and I wanna also ask your opinion on this Paul, this
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  sector is so small. The market cap, you know when
• 16:21
  you look at the statistics of all the precious metal mining
• 16:25
  stocks added together, you know are are are are dwarfed by the
• 16:29
  market cap of some single companies like Apple or
• 16:32
  Microsoft or even Home Depot for that matter.
• 16:35
  That that that just a little bit of money coming into this sector
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  can have a major impact on the prices of the exploration,
• 16:43
  development and even the producing company.
• 16:46
  Absolutely. I mean look I mentioned this
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  earlier, you know one one of our good supporting investors sent
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  me a chart showing how much is currently invested globally in
• 16:57
  gold and gold miners. It's 1% that's you know where
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  whereas in 1981 it was, it was over 20%.
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  Even if we went to 5% right now that represents a massive,
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  massive amount of buying both to the producers, developers and
• 17:19
  the exploration companies. And one thing I should mention
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  like the, you know even a had it $2000 gold, the exploration, I'd
• 17:27
  say the producers were making unbelievable amounts of free
• 17:32
  cash flow even though we've seen inflation and their costs have
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  gone up at 20. I think they've gone up as much
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  as the price of gold at $2300 gold.
• 17:46
  Their free cash flow is just unbelievable.
• 17:51
  And you, you know, I think we're going to start seeing some more
• 17:56
  M&A activity. We're seeing it.
• 17:58
  We're seeing it a bit already. But they're going to have to do
• 18:01
  something with that cash and they're going to have to get I
• 18:06
  think a little more aggressive in looking for looking for ways
• 18:10
  to replenish their reserves. And I have to tell you honestly,
• 18:14
  I'm an investor at First Mining, I work with First Mining.
• 18:19
  You know we've got a couple of projects that I think you know
• 18:23
  make great sense or are are are of a potential size to be
• 18:28
  meaningful to those companies. You know a spring pole project,
• 18:32
  it's slate, this is one in Northwest Ontario.
• 18:39
  According to our pre feasibility study that we released in early
• 18:42
  2021, this is we scoped that to be a produce over 300 thousand,
• 18:51
  300,000 ounces of gold a year at cash costs all all in sustaining
• 18:57
  costs in the lowest quartile of the industry that is huge.
• 19:05
  And then this project is going currently in through the
• 19:08
  permitting phase. This is a phase that any mine
• 19:11
  that gets built has to go through permitting.
• 19:15
  That's definitely not unique to us, but we're in the advanced
• 19:19
  stages of permitting. We we submitted back in the
• 19:26
  middle of 2022 a draft environmental assessment
• 19:31
  document. This is a 10,000 page document
• 19:34
  talking about everything the mine plan tailings reclamation
• 19:39
  and very importantly the environment and the fish habitat
• 19:43
  and and the Caribou, you know Caribou studies and Wolverine
• 19:48
  studies. We submitted that and the the
• 19:51
  regulators came back to us with I think about 1600 comments
• 19:56
  questions and none of them were show stoppers and those.
• 20:03
  Comments and you know the answers to those questions are
• 20:06
  being formulated into a final environmental assessment, the
• 20:11
  final document that we're planning on submitting later
• 20:16
  this year. And from, you know, once we
• 20:19
  submit it should take maybe a year, year and a half till we
• 20:24
  get approval. Obviously we're working with the
• 20:29
  you know indigenous communities in the area and you know we've
• 20:34
  got to make sure that they are you know they're they're you
• 20:39
  know they're they're the plan is you know acceptable to to all
• 20:44
  parties. Obviously the potential benefits
• 20:48
  to the to everyone is a huge. So it's very this is very
• 20:54
  exciting very exciting time. This is a project that is in the
• 20:59
  advanced stages of of permitting and there are only a few I think
• 21:04
  I can think of one other company that has a project in Canada
• 21:09
  with with you know similar size to us close to permitting
• 21:16
  approval which we should hopefully get before the end of
• 21:19
  next year and it's it's, it's exciting, exciting times.
• 21:24
  So I think with all, with all that said, it makes us very
• 21:28
  attractive. To whoa, whoa, whoa.
• 21:31
  But wait, Paul, there's more, right?
• 21:33
  There's a huge project in Quebec, the Duparque project as
• 21:37
  well, which you mentioned earlier.
• 21:38
  But can you give us a little more color on what's going on up
• 21:42
  there and and and the prospect? Yeah, this is a project when
• 21:45
  look when Keith founded the company founded First Mining
• 21:49
  back in 2015, this he he acquired a company called
• 21:55
  Clifton Star that had 10% interest in the Duparque
• 21:59
  project. The balance was owned by a
• 22:02
  primarily a group, a small group of family.
• 22:06
  It had been in the family for years.
• 22:10
  We finally acquired that balance of 90% from.
• 22:15
  So we now own 100% of this project in probably one of the
• 22:19
  most sought after prolific mining regions in the world, the
• 22:24
  Abbott Tibi region of of Quebec. You know what mines are close
• 22:28
  by. Well you you know Nico Eagles,
• 22:31
  Melartic and and you know Detour, these are massive
• 22:38
  massive mines. We're very close, very close by.
• 22:42
  We, we did a preliminary economic assessment.
• 22:47
  We released it in September of 2023.
• 22:50
  Also robust economics, you know, slated to produce over 200,000
• 22:59
  oz a year at all in sustaining costs of less than $1000, You
• 23:06
  know, very, very exciting and we're looking at some other
• 23:11
  potential situations there that could also be quite exciting.
• 23:19
  Because is it, is it? Is it accurate to say that
• 23:21
  there's some excess milling capacity in that region as well?
• 23:25
  Well, yes. So there are, there's definitely
• 23:29
  some mills there and you know we're we're quite frankly
• 23:34
  looking at to see if there's a way that we could take part of
• 23:38
  the ore maybe higher grade ore and rather than go through the
• 23:45
  whole you know construct you know immediate construction of a
• 23:49
  mill processing plant that we actually can take some of that
• 23:52
  ore and and told me that have it have it you know milled at one
• 23:57
  of these other mills in the in the area of which there are
• 24:01
  quite quite a few. So you know that's an exciting,
• 24:06
  what's the word potentiality. And so you know the fact is this
• 24:11
  is a company with you know two large flagship projects and
• 24:18
  sorry I should mention that with Dupal K you know it's a multi
• 24:22
  million ounce project. We are drilling there right now
• 24:24
  because we feel that there is potential to find quite a bit
• 24:29
  more. And there was a massive amount
• 24:32
  of drilling already on that project from previous operators
• 24:37
  is my understanding as well. Yeah, That was I think 270,000
• 24:42
  meters and yeah, but so it's, you know, it's, it's, it's a
• 24:48
  really interesting project. And the other thing is like
• 24:52
  infrastructure's right there. You just drive from a lot to
• 24:54
  there. Yeah, we've we've been there.
• 24:56
  We've been and and and and I think it's also important to
• 25:00
  mention that this is an area that's very accustomed to
• 25:06
  mining. There's a lot of infrastructure
• 25:08
  in the area. This is not a Greenfield type.
• 25:13
  It was a pass producing mine at the site.
• 25:16
  So it's more likely that the community will be, you know,
• 25:20
  even more excited about the potentiality of of of of mining
• 25:25
  occurring there again. No, listen, absolutely.
• 25:28
  And you know this was, I think it was mine from the 30s to the
• 25:32
  50s at one point. I think it was the largest gold
• 25:34
  mine in in the province of of Quebec.
• 25:38
  There are a little couple of, you know, some environmental
• 25:41
  legacy issues there which you know if we build a mine or we
• 25:49
  start mining there, part of the development will be cleaning up
• 25:56
  those that environmental legacy, which I can't imagine that would
• 26:04
  be opposed by any of the, what do you call them, the town, town
• 26:07
  folk. So yeah, it's it's lots of lots
• 26:12
  of lots of positives and yeah and and yeah, as you said
• 26:17
  phenomenal infrastructure in the area.
• 26:19
  So look, great. Yeah, great company.
• 26:24
  Yet I've got a few companies that I own particularly with the
• 26:30
  I kind of sometimes if I wake up in the middle of the night I I
• 26:34
  think about them. This one I don't, this one does
• 26:37
  not keep me up at night. I do not lose both of this one,
• 26:41
  you know and just to really to summarize, you know great, great
• 26:47
  projects, you know one that is in the advanced stages of
• 26:51
  permitting. You know sizeable projects in
• 26:54
  fantastic jurisdictions, management with a great track
• 26:57
  record. You know we have cash in the
• 27:00
  bank but we have sources of of you know or potential sources of
• 27:07
  cash to help us continue to advance the work.
• 27:11
  I think the potential appreciation from current levels
• 27:18
  is is huge. You know, and I explained that
• 27:22
  before trading at .1 times net asset value, historically that
• 27:26
  should be .3 to point .3 to .5 for a developer that's assuming
• 27:35
  much lower gold price assumptions and if you just
• 27:39
  raise the current prices, that goes even higher.
• 27:44
  And yeah, it's yet at a time when I think the sector is on on
• 27:54
  the verge of turning, our stock price has not performed well,
• 28:01
  not unlike the stock price of many, if not most other mining
• 28:07
  companies over the last number of years.
• 28:09
  Down, down, we're starting to see a little upturn and you know
• 28:13
  I think it's it's it's really exciting when people look at a
• 28:16
  stock price they I'm like oh what?
• 28:18
  You know, what's what's happening?
• 28:20
  Why? The the, the stock price
• 28:22
  performance is not unique to the sector.
• 28:24
  The whole sector's been beat down.
• 28:26
  And all of this is occurring in an environment where there's
• 28:31
  kind of a tale of two cities. We have sentiment for gold as a
• 28:36
  physical investment on the rise in the world.
• 28:40
  We have the world central banks. We can't forget that, right?
• 28:43
  Buying gold like never before. So we have that up here and then
• 28:47
  down here we still have the entire precious metal mining
• 28:51
  sector, which is suffering from a bit improved but still very
• 28:55
  challenged sentiment. Overall this this difference has
• 29:00
  to be rectified and I think most likely most people that I talked
• 29:07
  to and I think if you apply a common sense to what's going on
• 29:11
  in the physical gold market, it's more likely that the the
• 29:14
  mining sector in general will will rise up.
• 29:18
  And that could be great things for companies like first Mining
• 29:21
  Gold. And you know, the entire sector
• 29:23
  in general could be a very lucrative, could be a very
• 29:27
  lucrative and exciting time period for people who are
• 29:30
  willing to to see the capital appreciation potential within
• 29:37
  the whole sector and within companies like First Mining
• 29:40
  gold. No, absolutely.
• 29:43
  And I think when it turns, it turns quickly.
• 29:49
  People suddenly shake their heads and go, Oh my God, you
• 29:51
  know what, Honestly, the potential, the potential is
• 29:55
  huge. It's tough for people to get in
• 29:58
  at the bottom. It's tough to be a contrarian
• 30:01
  investor. You could look at something
• 30:03
  that's been going down, down, down and say, oh, companies
• 30:06
  going broke or the business, you know, in the case of a an
• 30:09
  operating business, a different business.
• 30:11
  Oh, the business is going, going broke.
• 30:15
  It's tough to be a contrarian, but you know, and often times
• 30:23
  investors miss the 1st 20%, thirty percent, 100%
• 30:28
  appreciation. But you know, I think what
• 30:31
  people want to see is a little bit of a curl, you know, curl up
• 30:34
  and our stock price has been down, down, down, but it's
• 30:37
  starting to curl up. The sentiment is starting to
• 30:40
  improve. We haven't yet seen, as I
• 30:43
  mentioned before, the press coming back into, you know,
• 30:46
  following the gold story. And you know, wouldn't it be
• 30:49
  nice to see a headline that says, you know, gold hitting new
• 30:53
  highs may be time to consider raising your allocation to the
• 30:57
  sector as opposed to new ETF formed with NVIDIA and great
• 31:05
  companies. Maybe, Paul, maybe, just maybe,
• 31:12
  the headline will say artificial intelligence predicts precious
• 31:16
  metal mining sector to be the hottest sector over the next 10
• 31:19
  years, right. They can.
• 31:20
  We can incorporate the two together.
• 31:22
  Fabulous. Fabulous.
• 31:24
  That will put a smile on my face, but I smile anyway.
• 31:27
  But yeah, no, listen, I think we're in.
• 31:29
  I I do, I do think we're in for some exciting times.
• 31:34
  I'm the sort of person, you know, I'm, I'm an investor.
• 31:38
  I've been an investor since 2015.
• 31:40
  I want to see higher prices. My aspirations are very high.
• 31:46
  I mentioned, you know how First Quantum, the big copper producer
• 31:50
  that Keith founded, you know that that was a lot more than a
• 31:53
  10 or 20 bagger, same with First Majestic.
• 31:57
  My aspirations for First mining are significant and all I want
• 32:02
  to do, I speak to investors because fantastic investors and
• 32:07
  I encourage anyone who's viewing this to, you know, to contact me
• 32:11
  because I, you know, I will get on the phone or you know,
• 32:15
  arrange a video call to go over, you know more, more details.
• 32:21
  But I want every single investor to, you know, ultimately make
• 32:28
  superb returns. And and you know, quite
• 32:31
  honestly, especially for investors who've been in this
• 32:36
  company for a long time, at the end of the day when they
• 32:39
  ultimately sell, you know, I want their returns, their
• 32:46
  average annual compounded rate of returns to be of a sufficient
• 32:52
  level that it more than compensates them for the years
• 32:57
  of, you know, suffering in a sector that has just not moved
• 33:01
  and. And and it's been the whole
• 33:05
  sector. I think there's bright days
• 33:08
  ahead. You know Paul, on behalf of our
• 33:10
  viewer who joined us today, again I want to mention Paul
• 33:14
  Morris here. He is the a Director of Investor
• 33:17
  Relations at First Mining Gold. I will have a link in the
• 33:20
  description below with his e-mail address.
• 33:23
  He's happy to talk to you about the company, about the sector,
• 33:27
  about the opportunities. Paul, again, from all of us,
• 33:31
  thank you for sharing your insights not just into first
• 33:33
  mining gold and the opportunity there, but in general what
• 33:36
  you've experienced during your career following closely what
• 33:41
  goes on in the mining sector, in the precious metal sector.
• 33:44
  But even where you see us sitting right now, because I do
• 33:47
  think that we're on the precipice of some really great
• 33:51
  times for the precious metals and for the mining sector.
• 33:56
  Yeah, I mean, and I keep my fingers crossed, but that's not
• 33:58
  an investment technique. But yeah, no, listen, it's
• 34:00
  great, great to see you. And please, yeah, I encourage
• 34:04
  people to contact me, send me an e-mail, I will get back to you
• 34:09
  and you know if we can arrange a a phone call or a video call, as
• 34:15
  I said, and I'd love to tell you, you know the story in a
• 34:18
  little more detail, so. Sounds great, Paul.
• 34:22
  Thank you. Thank you.
• 34:23
  And we'll we'll look forward to talking to you next time.
• 34:26
  Terrific. Thanks, Rob.