Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Voyageur Secures First International Sales Contract worth US$1.9 Million (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Metals & Mining Gold
Maple Gold Mines Ltd. is a Canada-based advanced exploration company. The Company is primarily involved in the exploration of mineral resources in Canada. Its projects include Joutel Gold Project, Douay Gold Project, Eagle Mine Project, and Morris Project. The Joutel Gold Project is 100% owned by the 50/50 joint venture between Maple Gold and Agnico Eagle Mines Limited (Agnico). The 39 square kilometers Joutel Project is located approximately 70 kilometers (km) southwest of Matagami and 125 km north of Amos. The Douay Gold Project is located in Quebec, Canada, approximately 2.5-hour drive north of Val d'Or 1.25 hours north of Amos via Highway 109. The Eagle Mine Project is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. The Morris is located approximately 30 km east-northeast of the town of Matagami and approximately 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Maple Gold Mines Ltd > .....AGNICO IS IN FOR approx. $30,000,000.00--& they are....
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(73)
•••
Comment by Angelique01on Sep 30, 2021 6:36pm
178 Views
Post# 33950236

RE:RE:.....AGNICO IS IN FOR approx. $30,000,000.00--& they are....

RE:RE:.....AGNICO IS IN FOR approx. $30,000,000.00--& they are....
ikny wrote:
 i thought it was 18,000,000C


Taking into account everything (strategic ownership included) I get around $26 M 

Actual cash spent to date
$6.2M     (strategic investment  Oct 2020 to bring investment to 12.8%)
$1.6M     (initial 4.4% investment)
$4.0M    1st year funding
$11.8M

14.0M    (remaining funding (4+5+5) over the next 3 years)
25.8M

My question has always been why did Agnico Eagle pursue a joint venture and not an outright acquisition of Maple.   If their due diligence and examination of all the existing drill cores indicated such a promising property why delay owning it 100%.  Instead of 12.8% go for the 100% ownership right away by bidding lets say $150M for the entire company.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities