First Mining Finance Just Abruptly Changed Its Business Model

I wrote an in-depth article on First Mining Finance (OTCQX:FFMGF) back in September of this year. In it, I discussed the company’s business model as well as its assets. Today, I want to talk a little bit about its business plan again, because FFMGF has done a complete 180 on a key part of it. Before I get into the details, let me just briefly recap its stated model since the company went public back in the spring of 2015.The idea behind First Mining was to create a “mineral bank” by purchasing gold and silver exploration and development projects at the bottom of the market. These are assets that already had tens of millions of dollars spent on them in the form of exploration, economic studies, and development. The company would just hold onto those assets and wait for the precious metal sector to improve, then it would “enter into …