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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 Goldenringon Sep 26, 2012 8:53am
237 Views
Post# 20414872

RE: RE: RE: Thoughts...

RE: RE: RE: Thoughts...

Smiles48   I will not say that it is going to a dollar anytime soon but it is very possible that a dollar is not out of the question.   How could this happen ?  Well as it has been pointed out    BMK has the second largest land positon in thr Ring of Fire,   2   This whole area will be developed, it is no longer speculation with Cliffs having moved in and the Ontario Gov now taking an active roll as far as road/power access.   BMK's market cap is only around 20 million     If they hit the right target and there has been a lot of talk that they may be very close after reviewing all of their previous drill results  that they could  this could easily increase by 10-15 times.  Even 15 times would only put the market cap at 300 million thus putting the share price around $ 1.20-$ 1.25

Likw I said is this likely to happen in the short term,  maybe not but it is possible      IMHO  all that is required is a few real good drill hole which like I have said is a possibilty

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