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MacDonald Mines Exploration Ltd MCDMF


Primary Symbol: V.BMK

MacDonald Mines Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. It is primarily focused on locating an economic deposit within its 100%-owned Scadding-Powerline-Jovan (SPJ) Project in Northeastern Ontario, located 20 kilometers east of the prolific Sudbury Mining Camp. The SPJ property consists of the Scadding, Powerline, Jovan, Blueberry, Loney and Golden Copper properties located east of Sudbury in Northern Ontario. The SPJ Project is targeting a system of interconnected precious and critical metals mineralization zones on an underexplored land package, which hosts the past producing Scadding Gold Mine and multiple known critical and precious metals prospects and showings. It also covers a Metasomatic Iron and Alkali-Calcic (MIAC) mineral system that formed polymetallic Cu-Au and Au-Co, Au, Silver, and REE exploration targets.


TSXV:BMK - Post by User

Comment by shnepson Dec 11, 2020 12:35pm
145 Views
Post# 32088947

RE:RE:RE:RE:Flow Through Shares?

RE:RE:RE:RE:Flow Through Shares?My apologies for making such a "stupid" statement.
I personally have never pertaken in FT shares, so my misunderstanding.
Just so I do understand:
These FT shares are being utilized in Ontario.
Therefore with the 15% Federal deduction and the Ontario 5% deduction this would equate to the 10c FT shares being valued @ 8c.
Yes?
So would that not indicate 8.5c being a minimum reasonable profit taking on the FT shares, as opposed to the 10.5c I indicated?
Shares are trading @ 7c

Perhaps next time you could merely educate other investors as opposed to the "stupid" comment.
Sorry if this is because you are selling for a tax loss.
Cheers
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