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 > .................... A 'HALT' next week would be nice.......

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Comment by Angelique01on Jan 07, 2022 3:24pm

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Post# 34294327

RE:RE:RE:.................... A 'HALT' next week would be nice.......

You sound like one of the DUM DUM retail investors that I mentioned below. Do I believe in the forecasts shown for the gold price? I think there is a greater probability that gold hits $1600 first before $2000. Especially with 3 possibly 4 rate hikes this year. That along with a looming general market correction. If it can't hold $1800 now under staggering inflation concerns
Care to provide any context why gold shouldn't drop under this scenario of tightening monetary policy or is your response the traditional GO MGM GO

jdgreat1 wrote:
HERE WE GO AGAIN!
SO PATHETIC! Sounds like very smart and know everything actually you know not much.
Don't fool yourself and give a break. Actually beilive those forecasts? If so, then you are a fool.
BYE FOR NOW.

Angelique01 wrote:

goldman17 wrote: It will be FIRST OUNCE-COUNT UPDTE AFTER 3 years of drilling-imho

Announcement of the new resource estimate should not warrant a halt.
Approximately 19,000-20,000 metres of drilling to be incorporated.
DUM DUM retail investor usually has excessive expectations for REs and then is disappointed
If we get to 3.6M ounces that would be great. That would be an additional 800k. Anything above that is bonus.

Number 1 catalyst is drill results. That is why I am invested
Number 2 factor or risk is gold price which currently has downward momentum. Having difficulty maintaining $1800 level. 3-to 4 interest rate hikes in 2022. First one in March.

Gold Price Forecasts
JP Morgan Q4 2022 $1520
ABN AMRO 2022 $1500
2023 $1300
Credit Suisse 2023 $1600
long term $1400
New Zealand ANZ 2022 $1500-$1600
Singapore OCBC Bank 2022 $1500-$1600
BMO< UBS< Reuters 2022 $1700-$1800