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MacDonald Mines Exploration Ltd V.BMK

Alternate Symbol(s):  MCDMF

MacDonald Mines Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. It is focused on exploring its 100%-owned, 19,455 ha Scadding-Powerline-Jovan (SPJ) Project located 20 kilometers (km) southeast of the prolific Sudbury Mining Camp in Northern Ontario. The SPJ property consists of the Scadding, Powerline, Jovan, Blueberry, Loney and Golden Copper properties. Scadding Mine, as well as additional mineral claims that surround the Scadding Mine site, which is located in Scadding Township near the Wanapitei-Ashigami Lakes district, east of Sudbury, Ontario. Its Hembruff Copper property consists of 30 mining claims over 6.64 square kilometers.


TSXV:BMK - Post by User

Comment by tofinoTon May 11, 2011 7:45pm
363 Views
Post# 18562850

RE: RE: RE: This is just the start of the news rel

RE: RE: RE: This is just the start of the news relNot that long ago, although pre-recession, this hit 10-20M shares traded per day.Shot over $1.00 in approx 7 business days if I remember correctly. HudBay was not in the picture at that time. Results were not great, but ROF excitement, and riding NOT's coat-tail, made things move in a hurry.

This is a tightly held stock, in a great area play, waiting on near term results from an already completed drilling program. Right behind those results, will be the drill program from "the Spoon". I get what you are saying Ridgeback, but if the results are excellent on the Ni/ PGM side of things, it will not be Hudbay that makes this move.
No question that getting it to all time highs will require the big boys. Snapping out of this trading pattern and hitting new 52week highs will just require the drill results. On the assumption/ presumption they are good-great.

Not a pump. For 15cents you get Hudbay expertise, 5+ years of geo research, and a Roughed Grouse in a Spruce Tree.

IMHO.



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