In this business, a half decent property can still become viable in the hands of a great management, but a great asset might not amount to anything if the wrong people manage it.
As investors, we prefer to follow and invest with people having had success over and over again. Keith Neumeyer is one of those guys that definitely fits the criteria (and then some).
Keith founded both First Quantum and First Majestic Silver and both companies have grown to become majors in copper and silver and interestingly enough, both companies acquired their property portfolio in similar distressed market conditions as we see today.
First Mining Finance already have a large portfolio of assets but will add to that aggressively when assets are on fire sale in today’s environment.
First Mining is closing their IPO @ 40c any day and will have C$7.5-8 Million in cash when they go public next week. Ticker symbol ‘FF’ on the Venture Exchange in Canada. We at Gecko Research own shares in First Mining Finance.