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First Mining Finance Corp / FF.t

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First Mining Finance Corp / FF.t

There's a new IPO coming to Canada in the totally bombed out sector that is junior mining.

UPDATED CHARTS

TLG vs. FF, OIII, ATC etc ... from 2.19.20: w/ATC  1yr: 6mo: 10d / LAST $0.98 / FF-0.405= R2.42X

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FF.t / First Mining Finance ... weekly : 2-yrs : 6-mos / 10-d

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Ratio: FF.t -to GDXJ

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=====

 
The man behind the deal is Keith Neumeyer.
For those of you that don't know Keith, he built First Majestic Silver (TSX:FR) and took it from penny stock status to $25 a share (in the heady days of 2010-11) with a 3 billion plus dollar market cap. It is now one of North America's leading silver producers and even in today's beaten up silver market it remains profitable with a market cap of around C$900m and a share price of $7.50. Keith was previously behind First Quantum Minerals (TSX:FM), which followed a similarly enormous trajectory to become one of the world's biggest copper producers. His record in mining is pretty much second to none.
 
Also involved are many of the other key personnel from First Majestic, such as Ramon Davila and Raul Diaz.
 
The strategy of the company is, simply, to tap into their huge knowledge base and use it to acquire as many quality mining assets as possible (Americas only) while they are going for a song (we're currently seeing the lowest valuations in 20 years), spend as little as possible on them (watch them 'incubate' I believe is the word) and wait for the time that the mining capital markets stabilise at which point they hope to have a pucker portfolio of assets on their hands.
 
Revenue will eventually come from re-sales, JVs, royalties and streaming structures.
 
They already have 18 properties at various stages of development (gold, silver, copper, lead and zinc) and have raised C$2.7m. The company will IPO in Canada via an RTO next month and plans to raise another C$5-10m (at 50c) in the process. A C$10m raise would mean 80m shares outstanding an an approximate market cap of C$40m. Management will own about 10% and First Majestic shareholders 25-30%.
 
The success of First Mining Finance depends on the metals markets, of course, but the ideal situation would be for them to remain depressed for another while so that assets can be picked up for zilch and for things to then pick up, as surely they one day will. I don't know what the market reaction to the stock will be, of course, but I suggest this is one to hold for three to five years.
 
Anyway, if you are interested in finding out more or in taking part in the IPO, please let me know and I'll send over forms. If you want to speak to Keith, I'll try and arrange that too. frizzers at gmail dot com.
 
(I'm investing fwiw)
 
=====
LINKS

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It sounds interesting - and the timing could be excellent.

 

Assets are very cheap now, and with Keith Neumeyer managing the company they should have or be able to attract all the skills they need to succeed.

It is not clear how much longer prices of Gold and Silver my stay cheap, but I imagine that KN would run the company in a way where they have some decent staying power

 

Here's a long term chart for First Magestic (FR.t) - going back to even before the days where Mr Neumeyer began building up the company:

 

FR.t / First Magestic ... update

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VHQHEYn.png

==

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http://www.activistpost.com/2015/04/a-global-financial-reset-is-coming-deal.html#more

 

A Global Financial Reset Is Coming: ‘A Deal Is Being Made Between All The Central Banks’

 

 

Global Reset Coming! - Keith Neumeyer Interview ( a very misleading title ! )

Published on 4 Apr 2015

 

Funnily enough, I think I may have been waiting to talk to Keith when he did this interview.

He was at the M&M conference and I waited a long time, and we never got a chance to meet.

So this interview is of greater interest to me.

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FF is now trading !

 

First Mining Finance (FF.v) ... 10-days : C$0.46

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Nice one!
Has traded as high as $0.60 since launch

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Here's a 2016 interview:

BUST! Time to Get Greedy in Mining & PM's, Rick Rule & Keith Neumeyer

 

Published on Jan 3, 2016

Check out Keith Neumeyer's new Mineral Bank:
http://FutureMoneyTrends.com/InvestRight

 

Two co's that Keith Neumayer helped to found; plus his new one:
Sym.: Company----- : C$-- : 2015- range- : 12/14 : 12/15 : -2015chg

FR.t : First Majestic- : $4.74 : $3.54 - $8.55 : $0.00 : $0.00 :

FM.t : First Quantum : $4.77 : $3.75 - 19.83 : $0.00 : $0.00 :

FF .t : First Mining--- : $0.38 : $0.25 - $0.60 : -N / A : $0.00 : N / A

 

FR.t versus FM.t ... update : vs. FM.t, FF.t

Last (11/21/17): FR:c$8.60, FM:c$15.31, FF:c$0.58

cEsIDfA.gif

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Looking back, Looking Forwards - at First Mining Finance

 

Here's a 2016 interview:

BUST! Time to Get Greedy in Mining & PM's, Rick Rule & Keith Neumeyer

VIDEO

 

Published on Jan 3, 2016

Check out Keith Neumeyer's new Mineral Bank:
http://FutureMoneyTrends.com/InvestRight

 

Two co's that Keith Neumayer helped to found; plus his new one:
Sym.: Company----- : C$-- : 2015- range- : 12/14 : 12/15 : -2015chg

FR.t : First Majestic- : $4.74 : $3.54 - $8.55 : $0.00 : $0.00 :

FM.t : First Quantum : $4.77 : $3.75 - 19.83 : $0.00 : $0.00 :

FF .t : First Mining--- : $0.38 : $0.25 - $0.60 : -N / A : $0.00 : N / A

 

FR.t versus FM.t ... update

 

Time to take a Fresh Look?

FF .t : First Mining--- : $0.38 : $0.25 - $0.60 // update: $ 0.66 - Oct. 6th

ZM2IWga.gif

=

> thread: http://www.greenenergyinvestors.com/index.php?showtopic=19893

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SGT Report etc

 

 

FR.t versus FM.t ... update : vs. FM.t, FF.t

Last (11/21/17): FR:c$8.60, FM:c$15.31, FF:c$0.58

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GOLD & SILVER BULLS CAPITULATE: BOTTOM IN?

Published on 21 Nov 2017
Keith Neumeyer returns to SGT Report to discuss the future of gold, silver, cryptos, mining stocks AND the capitulation of former gold and silver bulls which in my mind signals a BOTTOM in this unloved space. Clif High personally told me his web bot data shows that there will be a present for gold & silver in December. We shall see...

Ratio : FF.t to FR.t - buy at 6%?
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Ratio: FF.t to MNT.t - buy at 3pct ?

 

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Here's a long term chart for First Magestic (FR.t) - going back to even before the days where Mr Neumeyer began building up the company:

 

FR.t / First Magestic ... update

lU4dWP2.gif

 

VHQHEYn.png

==

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FF.t / First Mining Finance ... weekly : 2-yrs : 6-mos / 10-d

 

0eAAgkh.gif

 

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with more lines

vBVqaUL.gif

 

=====

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GDXJ - versus FF.t ... update : 5-yrs : 2-yrs : update : 10d /

 

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Two Years

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Ratio : FF.t to GDXJ : 3 yrs

fhzkSlP.png

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Presentation, Nov. 2017

 

Long term Timing looks good

Fk6dHn8.png

 

Big exploration spending in the last few years, has NOT brought big discoveries

C590XGh.png

 

FF looks deeply undervalued at 50-60 cents

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==

> presentation: https://www.firstminingfinance.com/_resources/Nov_2_Presentation.pdf

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Three Gaps to a Top -- and then a possible A-B-C correction back to Gap#1

FF.t ... update : w/o Data :

4T2ybpJ.gif

High/Gap3

7/13/17: O:0.99 H:1.14 L:0.98 cl:1.14 vol: 4.878m
7/14/17: O:1.16 H:1.31 L:1.06 cl:1.16 vol: 8.613m
7/31/17: O:1.15 H:1.19 L:1.14 cl:1.18 vol: 2.224m
8/01/17: O:1.24 H:1.25 L:1.17 cl:1.20 vol: 3.266m GAP open - High close:1.20 x .3812= $0.457

 

FR

LN0lre0.gif

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Get Ready For It, Silver Will Rally to $130, Gold To $8,000 - CEO

Guest(s): Keith Neumeyer CEO, First Majestic

Is 2018 the year of the silver rally? Keith Neumeyer, CEO of First Majestic Silver Corp., thinks so and expects the metal to climb eightfold over the next 3-5 years. He says silver is a story of supply and demand: “to go green, to do all the things we want to do as the human race gets off oil and gas, we need a ton of silver.” He says that unlike gold, silver is a strategic, rather than precious metal, and should trade closer to its mine ratio. “[First Majestic] is currently operating at a mine ratio of 9 ounces of gold for every ounce of silver, so silver should be trading at around 9:1.” Currently, the gold-to-silver ratio stands at around 76 and that is why Neumeyer says he sees silver prices headed for $130 an ounce.

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On 2/22/2015 at 1:52 AM, frizzers said:

First Mining Finance Corp / FF.t

UPDATED CHART

FF.t / First Mining Finance ... weekly : 2-yrs : 6-mos / 10-d

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Ratio: FF.t -to GDXJ: xx

 So far, so good:

FF.t / First Mining Finance ... weekly : 2-yrs : 6-mos / 10-d

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Yesterday's move : $ 0.62 + 0.06 : +10.71%

On VERY Heavy volume : 3.92 Million shares

Comments

RE:RE:RE:Nice bump in sp

are we seeing money come back into the mining sector finally ? Net short dollar bets way up, bitcoin too expensive,
Dow etc topped out, gold rally commencing . Investors seem to be positioning...read more
==
> stockhouse: http://www.stockhouse.com/companies/bullboard?symbol=t.ff

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2020_First_Mining.png

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FF.t / First Mining Finance ... 10yr-Wk : 5yr-W: 3-yr: 2-yr: 1-yr: 6-mo / 10-d / Last: 0.435

0srD3FT.gif

== NEWS

Date ET Symbol Price Type Headline
2021-02-01 07:59 C:FF 0.395 In the News Globe says First Mining insiders buy as shares hit lows
2021-01-20 09:42 C:FF 0.39 News Release First Mining's Springpole after-tax NPV at $995M (U.S.)

==

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FF.t / First Mining ... 5-yr: 2yr: 6mo: 10d / Last: 0.395

acpvfm8.gif

==

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First Mining's Springpole after-tax NPV at $995M (U.S.)

First Mining Gold Corp. has released positive results for a prefeasibility study completed for its 100-per-cent-owned Springpole gold project located in Northwestern Ontario, Canada. The PFS results support a 30,000-tonne-per-day open-pit mining operation over an 11.3-year mine life.

PFS highlights

  • A $1.5-billion (U.S.) pretax net present value at a 5-per-cent discount rate at $1,600 (U.S.) per ounce gold, increasing to $1.9-billion (U.S.) at $1,800 (U.S.) per ounce gold;
  • A $995-million (U.S.) after-tax net present value at a 5-per-cent discount rate at $1,600 (U.S.) per ounce gold, increasing to $1.3-billion (U.S.) at $1,800 (U.S.) per ounce gold;
  • A 36.4-per-cent pretax internal rate of return; 29.4-per-cent after-tax IRR at $1,600 (U.S.) per ounce gold;
  • Life of mine of 11.3 years, with primary mining and processing during the first nine years and processing lower-grade stockpiles for the balance of the mine life;
  • After-tax payback of 2.4 years;
  • Declaration of mineral reserves: proven and probable reserves of 3.8 million ounces gold, 20.5 million ounces silver (121.6 million tonnes at 0.97 g/t Au, 5.23 g/t Ag);
  • Initial capital costs estimated at $718-million (U.S.), sustaining capital costs estimated at $55-million (U.S.), plus $29-million (U.S.) in closure costs;
  • Average annual payable gold production of 335,000 ounces (years one to nine); 287,000 ounces (LOM);
  • Total cash costs of $558 (U.S.) per ounce (years one to nine) and $618 (U.S.) per ounce (LOM); and
  • All-in sustaining costs of $577 (U.S.) per ounce (years one to nine), and AISC $645 (U.S.).

"This PFS is an important milestone for the company as we continue to advance and de-risk the Springpole gold project," stated Dan Wilton, chief executive officer of First Mining. "First Mining is declaring mineral reserves for the first time ever on the Springpole gold project, reflecting the culmination of a year of detailed data collection, trade-off studies, and engineering and technical de-risking work done by First Mining and our partners on our project team. The results of the PFS confirm that Springpole has the potential to become a strategically significant, highly profitable gold mine in one of the most attractive mining jurisdictions in North America...

PFS overview / Economic sensitivities

The project economics and cash flows are highly sensitive to changes to the gold price.

Image.aspx?id=FF210120.2

Mineral processing and metallurgical testing

The Springpole gold project, located in Northwestern Ontario, Canada, is one of the largest undeveloped open-pit gold projects in North America. The project is located approximately 110 kilometres northeast of Red Lake. Springpole currently hosts 4.6 million ounces of gold in the indicated mineral resource category and 300,000 ounces of gold in the inferred mineral resource category, as set out in the relevant attached table.

The PFS evaluates recovery of gold and silver from a 30,000-tonne-per-day open-pit operation, with a process plant that will include crushing, grinding and flotation, with fine grinding of the flotation concentrate and agitated leaching of both the flotation concentrate and the flotation tails followed by a carbon-in-pulp recovery process to produce dore bars.

> https://www.stockwatch.com/News/Item?bid=Z-C:FF-3019462&symbol=FF&region=C

(I have owned it before, sold out at higher prices in the summer,  Got interested again when I saw the insiders were buying in late Jan.  Waited for it it come back to near their Buy price in the last dau or two.)  

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FR to-FF ratio near 55, suggests it may be an excellent time to switch

,,, from FR-22.16 to FF-0.395:  Ratio: r56.1

sa5FD2D.png

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WATCHING Shares with MINES in development : 6 co’s

Have finished an initial pass on the Mining shares with mines under development, and it looks like TLG / trolius might be a slightly better buy than FF.  Another share, OIII, has come to the same level matching TLG.  TLG i have not bought yet.  At under $1.00, it could be 1/9th of its real value.  But there are many challenges and a big capita; expenditure

TLG vs. FF, OIII, etc ... from 2.19.20: w/ATC / 8.19.20: 5yr: 3yr: 1yr: 6mo: 10d / LAST $0.98 / FF-0.405= R2.42X

Q5kzaFn.gif

=
Sym: Company: Last: BookV: Pr/BV: MkCap: xM: NPV @ Rate &Gold: CapCst: Project—— : Oz.s :
FF.  : First Mng,: $.405: $0.34: 115.%: $282M: 4.6x: $1.30B, 5.%: $1800: $718M: OpenP, Gold, 4.6M
MCI: Minnova  : $0.34: $0.40: 85.0%: $14.8M: 2.5x: $37.M, ? %: $1250: $15M-e: Undergr. Gld, 327k
TLG: Troilus Gd $0.98: $0.24: 408.%: $128.M: 12.x: $1.54b, 5.%: $1750: $333M: Op./Undergr, 3.8M
OSK Osisko M.: $2.98: $2.02: 148.%: $166.M: 0.0x:  ? ? ? .   0.%: $1485: ? ? ?    : Undergr. Gld, 1.7M
Oiii : O3 Mining: $2.75: $3.24: 84.9%: $191.M: 2.2x: 423M, 5.%: $1450: $256M: ??? Mine.       , 3.9M
ATC: Atac Res : $0.18: $0.67: 26.9%: $28.3M: 5.7x: 161M, ?.%:  $1550: $000M: Rau, u'grd.     , 1.1M
SMD Strategic : $0.39: $0.51: 76.5%: $41.6M:
====

Sym: Price: MkCap: CapCs: Total: NPV, @Gold: %NPV: @100%, Disc, type MC/oz
FF.  : $.405: $282M: 718M: 1.00B: 1.30B,$1800: 76.9%: $ 0.84 : -51.6%, PFS: $ 61.3
MCI: $0.34 $14.8M: 36M.e $50M: $99M $1500: 50.5%: $ 1.45 : -76.6%, PFS: $ 45.3
TLG: $0.98: $128M: 333M: 461M: 1.53B,$1750: 30.1%: $ 9.35 ; -89.5%, Pea: $ 33.7
OSK: $2.96: 1065B : 9.6g/t 3.5cut 1.86M $1458  ====>. ====>  ====>  MRE: $627.
OIII : $2.75 $191.M: 256M: 447M: 675M, $1450* 66.2%: $6.03: -54.4%, Pea: $ 49.0
ATC: $0.18 $28.3M: 110M: 138M: 219M, $1750: 63.0%: $0.69: -73.9%, Pea: $ 27.0
SMD $0.39 $41.6M
===
*$423M NAV, Multiplied by: 124% (1800/1450) + $150M cash

Project Economics Data: PFS, PEA, or MRE:

FF, Springpole: (PFS, 1.20.21): https://www.stockwatch.com/News/Item?bid=Z-C:FF-3019462&symbol=FF&region=C

MCI, PL Mine.  :  (PFS old 2017): http://www.minnovacorp.ca/2020-01-10_NR.pdf : Gold Oz 327k + 000k inf.:
TLG, Troilus.    :     (PEA, Feb.'21): https://www.troilusgold.com/troilus-gold-project/pea-results/
OSK, Windfall  :  (MRE, 2.17.21): https://www.osiskomining.com/osisko-mining-updates-windfall-mineral-resource-estimate/
OIII,  Marban.   :  (12/20 presentation): https://o3mining.com/wp-content/uploads/210212_EN_O3-Corporate-Presentation.pdf .:
ATC, Rau,Tiger :  (Feb21 presentation): https://atacresources.com/assets/docs/ATAC_Corporate_PPT__February 2021.pdf
==

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Strategic Metals is diversified & stuffed with value

SMD ... from Jan. 2018: 1/2019: 1yr: 6mo: 10d/ Last $0.41

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SMD vs. Four Key holdings ... from Jan.2020: w/silver: 10d / Last: $0.41, GGL: $0.30, RK: $0.165, PRG: $0.205

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SMD vs. Three Key holdings: atc, prg, rk ... from Jan.2020: w/silver

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xx

Sym : Company : Price: ShsOwn : MkCap : %Own: Prev.Vl
RK.  : Rockhaven: $.165: 69,770k $11,512k: 33.5%: $12.5M
GGL : GGL Res.   : $.300: 16,075k: $ 4,823k: 38.9% : $ 4.4M
PRG : Precip. Gd : $.210: 20,391k: $ 4,282k: 19.2% : $ 4.8M
SNG : Silver Ran. : $.280: 15,264k: $ 4,274k: 18.7% : $ 3.4M
Priv. : Terra CO2  : $0.28: 15,000k: $ 4,200K: 21.9% : $ 4.2M
5 co : =========:  ==== :  ===== : $ 29.1M : =====: $29.3M:
TUF : HoneyBadg,: $.110: 23,500k $ 2,585k: new 2.11 deal
ATC  : ATAC Res.  : $.180 : 3,900k: $   702k :
TG.   : Trifecta Gd.: $.075 : 4,906k: $   368k :
SDC : Solidus Gd.: $.120 :  1,000k: $   120k :
ADG : Arcus Dev'l : $.035 : 3,133k: $   110k :
5 co :  ========= :  ==== : ===== : $ 3,883k :
10 + : Other co’s : est. total value : $    500k :
Total: Share’Own : xx co’s: ===== :  $33.5 M : 76.6%
SMD: Strategic M: $0.41 : 106.7M: $43.7 M :  

xx

 

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ATC Added ... update / Last: $0.18 / 0.67 BookValue: 26.9%

tYUYodO.gif

Sym: Company: Last: BookV: Pr/BV: MkCap: xM: NPV @ Rate &Gold: CapCst: Project—— : Oz.s :
FF.  : First Mng,: $.405: $0.34: 115.%: $282M: 4.6x: $1.30B, 5.%: $1800: $718M: OpenP, Gold, 4.6M
ATC: Atac Res : $0.18: $0.67: 26.9%: $28.3M: 5.7x: 161M, ?.%:  $1550: $000M: Rau, u'grd.     , 1.1M
====

Sym: Price: MkCap: CapCs: Total: NPV, @Gold: %NPV: @100%, Disc, type MC/oz
FF.  : $.405: $282M: 718M: 1.00B: 1.30B,$1800: 76.9%: $ 0.84 : -51.6%, PFS: $ 61.3
ATC: $0.18 $28.3M: 110M: 138M: 219M, $1750: 63.0%: $0.69: -73.9%, Pea: $ 27.0

TLG vs. FF, OIII, ATC etc ... from 2.19.20: w/ATC  1yr: 6mo: 10d / LAST $0.98 / FF-0.405= R2.42X

lCPfzv7.gif

5x4MiGx.png

Bullboard chat depression after "bad news" at Tiger ( which is??)

Don’t be blinded by one lightning flash in the forest

Remember ATAC has a diverse portfolio with many great properties and projects...now is an opportune buying time.

Price is down on bad news regarding Tiger project tote rode*. Here is one ATAC project that, I believe, has even more potential than Tiger: 

VANCOUVER, BCNov. 25, 2020 /CNW/ - ATAC Resources Ltd. (TSXV: ATC) (US-OTC: ATADF) ("ATAC") is pleased to announce results from 2020 exploration work at its wholly owned 137.3 km2 Connaught project, which has recently been expanded through staking and the optioning of two adjacent properties.

> https://stockhouse.com/companies/bullboard/v.atc/atac-resources-ltd?postid=32015629

A/ *.let's not get distracted by Tiger... Tiger tote road plan CAN STILL be salvaged if it is handled CORRECTLY from here on in...the ice has thinned somewhat, though...give it time to frost over again and we'll be okay in due time. 

FNs/ FirstNations have not been properly consulted with. One thing FNs don't like is some know-it-all colonial-type whitie telling them what to do. Downs, if you are reading, give proper consultation and it will relieve a lot of headaches. Lawsuits don't work. Lend an ear and listen...not so difficult. And everybody wins. / There's NO EVIDENCE for this idea:

B/ "The stated reasons include opposition expressed by the First Nation of Na-Cho Nyk Dun (FNNND), who were concerned during consultation about the impacts of a four-season road into the undeveloped area." Yukon-News

I'm going to suspend judgement until further information comes in. For example, what impacts? Very vague at this point. Still will remain a shareholder.

C/ Musings

What are the ramifications of this refusal for a Tote Road.  Do Atac now cease operations until it is known what is needed from the other parties. Who knows how long that could take, possibly a few more years!! Rackla is the Jewel in Atac's portfolio,if they cease operations there,, are they liable for any penalty.  I know that oil companies in the offshore have strict obligation for maintaining their offshore licences.
Do mining companies have similar obligations?. 
I have appreciated the indepth comments from EvenSteven27,imho26 and Markcalgary, they have been most helpful.
What we have going forward are the Nevada and Connaught Projects, I feel comfortable that Atac could rally round these two..

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