Maple Gold Mines Ltd V.MGM

RE:We called this a buy at . 14 cents and have not sold a share

[Andrew73]

Nice! These are the main highlights of the report which are significant.

• At Douay: given the scale of the addressable resource area on-site, we believe significant resource expansion could occur in the near-term with AEM’s support.
• “Past Production Project as a Play on Higher Gold Prices: AEM’s contribution of the Joutel Gold Project gives MGM exposure to the past-producing Telbel Gold Mine which closed in 1993 when gold was trading around $360/oz. Given today’s significantly higher gold prices, cut-off grades would be much lower than those previously used at Telbel and MGM may have inherited a potentially mineable gold deposit.”
• “The Telbel camp produced 1.15 million ounces of gold throughout its operating history between 1974 to 1993 when the price of gold ranged between $150 and $370, which MGM believes points to significant captive mineral potential. This is especially compelling given the potential feasibility of resources at Telbel that might have fallen below previous cut-off grades of 6 g/t Au, but could be economic when higher gold prices, and hence lower cut-off grades, are considered.”