If nothing worth having comes without some kind of fight, then First Mexican looks to be very much like something worth happening.

I've done a bit of DD on this play and although I don't have a decent handle on the actual market cap and O/S...assuming because we are kind of at the IPO stage that there is quality value. But that IS an assumption.

Why do I like it? Well for some web DD in FMG, I think the best place is to go to is Corex Gold. It hink Jim has a solid working relationship with them and has the adjacent and 'feeder' property to the Nicho, Sonora properties. Here's some of the latest NR's.

http://www.corexgold.com/s/NewsReleases.asp?ReportID=432401

http://www.corexgold.com/s/NewsReleases.asp?ReportID=430571

I also believe that NWM mining is in the same vicinity. I can't tell for sure until FMG has a website with maps etc but Caesar report, for example has NWM as their #2 pick of 2011 in there. Now, they are biased but of course...isn't everybody in this business?

http://www.caesarsreport.com/reports

Not to mention that Jim appears to be very bullish on this company and pending results.

Anyways, having met Jim V briefly a couple of times....well here is a guy who has been in this business for quite some time. If he were a hockey player I'd say he was 27 and in the prime of his career. I'm not sure what that translates into mining executives but all his experience and energy appears to be culminating into this project and seemingly at a fantastic time in the jr sector.

As always, the risks are high in this racket (that's what it is for crying out loud...nobody is actually making money, just spending it) but I think FMG could be strong right out of the gate.

B