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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 givemeabreak1on Nov 12, 2019 2:36pm
94 Views
Post# 30341323

RE:RE:SP

RE:RE:SPLunar
The explanation is even simpler than that!  As I stated at the time there was no reason for the stock price to run up at the time so it is not taking a hit just headed back to where it should have been.  The PP for .08 was just announced prior to the run-up and that included a whack of warrants.  There was no reason for it to run on an announcement that they hit a high grade hole where a high grade hole had previously been drill.  As I said at the time and everyone got on me, when a dentist drills into your gold filling you expect him to hit gold!  The stock price is merely sitting where it should be until they prove it shouldn't be.  Something like a big hole that is a step out hole not another one drilled into the pin cushion!
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