Maple Gold Mines Ltd V.MGM

RE:No volume and how long we need to stuck here at this range?

[Angelique01]

jdgreat1 wrote: What is th ebig idea to keep the price at this range?

Zzzzzzz  relax and have a good weekend. Time will come.

Ultimately it is drill results that drive price.  One can talk adnauseum about the potential of MGM, the Abitibi greeenstone belt and the involvement of Agnico Eagle.  Unfortunately when you only have an 18,000 metre drill program planned for the fall and winter that is not how you unlock potential.  If we have all these promising targets at Eagle, Douay and Joutel why don't they pursue an aggressive drilling strategy of at least 100,000 metres.  Osisko when developing the Malartic property didn't do so by only drilling 20,000 metres.  They drilled hundreds of thousands of metres annually. 

For comparative purposes

Marathon is drilling 120,0000  metres
Skeena drilled 83,0000 in 2020
Goldshore has 100,000 planned
Moneta has 70,000 scheduled
Osisko Mining was doing 40,000 metres per month
MGM a meagre 18,000 over the next 6 months and that is with the backing of AEM.

Anyone talking about strip mining or a buyout in the near future is living in a dream world.  We still have no definitive date for a PEA  let alone a FS which are prerequisites for either of these two scenarios to occur.