$ 0.285 Close !

First Mexican Gold Corp.

NEW: now 100% interest in the Guadalupe Property in Sonora, Mexico (Jan. 2012) / Best intercept: 37.8 metres of 6.51 g/t Au, 678 g/t Ag

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FANTOMAS

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$ 0.285 Close !

posted on May 02, 2011 04:37PM

The IPO-PP shares are flooding the thin FMG market, hammering the price down !

Market cap is down to $ 12.5MM fully diluted ! What a joke !

Our JV partner IMI (holding 20% of the Mexican Properties) is nearly double our market cap. They came from $ 0.12 some months ago and closed $ 0.32 today, sporting a $ 22.4MM market cap !

On the other hand, I was on the buying side today: sub $ 0.30 (unbelievable!).

There will be a time in the not so distant future when today´s buyers will be very happy.