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MacDonald Mines Exploration Ltd V.BMK

Alternate Symbol(s):  MCDMF

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 Goldenringon Oct 23, 2012 10:46am
353 Views
Post# 20513494

RE: Frustrating.

RE: Frustrating.

Hi Shelbs    I'm not sure this is accurate or not but a friend of mine who also holds BMK spoke with a broker who was familar with the stock.   Not sure if he spoke with the Company or somebody at IR or who it was but got the impression that they are gearing up to do some further drilling late fall when the ground gets a little harder and they don't have the expense of helicopters to move gear around.

This guy like you feels its a steal at 7 cents but considering the whole junior market and the fact that they really have not put out any press releases recently I can see how the SP may drift down a bit.   Who knows maybe with the market getting hit somebody was over there margin and had to liquidate something and just sold a big position.

If you can take the time and read all of the press releases from the last 2-3 years  ( I know that be be quite a bit of reading )  but it sure looks like they feel they have a really good chance of hitting a huge resource.  Its in the right area, its here in Canada, there are other Companys who have proven resources in the area, and now it looks very likely that the rail line will be expanded to that area as well.   I think that most people beleive in the ROF and that it could be a major factor in months and years to come but in the mean time some more patience will be required.

Anyways as I have pointed out take some time and do your own DD and I think you can feel a bit more comfortable that BMK has great potiental.

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