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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

Post by Doingmybeston Aug 27, 2013 2:30pm
583 Views
Post# 21701312

Watching and waiting

Watching and waitingStacking cash away over the next few months to increase my position. Anticipating a drop to around 0.01 by mid-winter. Can't believe that the TSX-V is still so undervalued and the ROF has such little interest. Seems that people forget that minerals in the ground don't go anywhere and takes time for them to be found. 

This low volume buys time for the drop and will allow more shares to be purchased. I remember when this was 0.20 in 2011, and not much has changed since then, only the stock has lost 90% of its value while continually drilling and obtaining financing. Not sure when, but I believe this stock will move multiples above 0.2 cents without having to show much in the ground. 

No technical information in this post, just giving my 2 cents (pun intended). 
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