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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Message: FMG review by Hoov

Hoov...Thanks for info..very valuable!

I don’t think we should forget that had we gone with the Bonaventure offer back in 2014 we would have sold 70% of the property for 5 Million$ and a bunch of drilling.

Had we gone with the LNK deal we would have sold 50% of property and 50% of revenues we would have earned from Karen..for 8 million$. As Hoov points out the revenue stream from Karen is open..to be increased as we mine the resource and do further drilling etc. At present it is conservatively in the 50 million$ range of recoverable gold $..that will go directly to Fmg’s bank account..ie 100%,!

The point is under this deal we retain 100% control of property and get 100% of the revenue! There is no comparison ! It would not surprise me that Fmg shareholders could receive a dividend!

 

 

 

 

 

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