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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 UptownGirlon Nov 08, 2019 6:13am
73 Views
Post# 30325714

RE:RE:RE:RE:RE:RE:RE:RE:I'm Out

RE:RE:RE:RE:RE:RE:RE:RE:I'm OutI’m prepared to write this off as a loss and a lesson learned.  We’ll see what happens in the next couple weeks.  The way I figure...it’ll go up or down.  And that’s all anyone can say.

Sprott or not.  I don’t buy that as an argument or a positive as he invests in so many companies, dozens.  The Sprott appeal isn’t quite what it once was.  I know he loses as well.  It’s just that his hits are far better than his losses.

The nr really wasnt that encouraging.  We went from multiple areas of vg in holes to single specks in a couple of recent holes.  Not sure if we can mine chlorite but sounds like we have a lot of that.

The diluted share count is 200 million.  That limits gains and is approaching reverse split area.

Like I said, I’ve succumbed that it’ll be a loss for me.  Give it a couple more weeks and see how much of a loss.
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