Maple Gold Mines Ltd V.MGM

......If those Douay deep holes Hit. next stop $2.00/shr....

[goldman17]

it would give them over 5 mill/ozs and off to mining we would go..probably a spin out with a tsx listing.imho

[Goldfinger230]

I think you are correct.  5000000 oz at min $150 per oz values the company at $1.87 per share.  (That is how Eric Sprott values companies). It will be an explosive year for all MGM holders.  

[locomoco]

Current resource at Douay of close to 3M ounces of gold should give MGM a market cap of over $100M. They are undervalued. With gold price expected to head way higher this year and bullish sendiment returning, MGM should share price should double, IMO.   

[jdgreat1]

If all comes together, decent results with bullish gold prices, double is too minimum. I am expecting a buck +/- 20%. Good luck to all holders.

[Iwant2Retire]

Imagine it.  We are now at $0.20.  Double that in the next month,  then double it again and again and again and again and we'll hit that $2.00 mark in no time.  LOL

[locomoco]

Have to get back to 2022 average first around 35 cents before thinking about doubling from there. LOL. Wiuld love to see MGM at 40 cents by end of Feb. It has a shot at over $2 a share by end of year if right catalyst happens like outstanding drill results from deeper holes (think GBR or NFG like) while gold prices blow past $2K.

[Hawk1972]

2 Factors will blast MGM s/p. 1-Excellent drill results. 2-Going into production.

[locomoco]

I doubt they are striving to getting to production stage. They want to be the number one junior explorer to own. IMO, they will most likely get bought out once they expand Douay resources to over 5M ounces and prove that Joutel and Eagle have significant gold at depth. The whole 400 sq km will be sold or a significant portion if AEM is not the buyer. Lots of risk for a junior exploration company

[jdgreat1]

I have the same hope. Prove the ounces and get bought out. 5M ounce probally is the minimum threshhold to get the ball rolling....... Eagle is the extra bonus if they prove the deposit. GO MGM!