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Bullboard - Stock Discussion Forum 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... see more

TSXV:BMK - Post Discussion

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Post by Wangotango67 on Oct 13, 2022 6:11pm

EXAMPLE

HYPOTHETICAL
So what would it look like post - transformation ?

Out of the Gates ?
One would have ot amass each zone with in situ metal content - provide a resource for each zone.

SAMPLE SAKE  (  suppose )
100,000 oz gold ( keep it simple )
x 2200 spot
= $220,000,000
x 30% ( 5% corp + 25% common )
= 66,000,000 mil cdn
~ 258,000,000 shares
= 0.25 cents ( 25x increase )

Each new drill campaign -  if successful - more oz or pounds of metal
metal values go up and so does stock price.

EXAMPLE -
$1,000,000 cdn drill campaign ( 1,000,000 ~ $.25 cents ) = 4,000,000 shares
~$200 / meter
= 5,000 meters @ 150 m per hole
= 33 holes  ( one could get some serious drilling performed this way )

258,000,000 shares carried over priavately unchanged
+ 4,000,000 new shares tacked on ( $1,000,000 ) 5,000m drill campaign
262,000,000 new outstanding after first dril lcampaign.

One may not even use the total 300 mil share cap.
That is.. if each dril lcampaign was successful and kept racking ip more metal values.

Common investors holding shares could still sell their - shares if needed.
Or, buy, others who want to sell their shares.
Or... buy into new drill campaigns.

It would certainly create a buzz of excitement.
Anyone prebuying into the stock prior ot a drill campaign, could reduce much risk, basing it on, drill success and knowing if any metal was tacked on to tally, their investment has all the more security / guarantee.

If ever....
I'd ask... for a hole near Falconbridge... wink.
Our lands nearly  cusp theirs... going westerly.
A  deep hole... drill into the good stuff to really prove and provide a quality connective to Sudbury...
BMK  should've drilled near Falconbrige than, Jovan.



Cheers....
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