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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Bullboard Posts
Comment by Shylockon Jun 14, 2018 6:14pm
191 Views
Post# 28174938

RE:RE:Other Info

RE:RE:Other Info

Maple Gold shareholders, be not dismayed.

The junior gold stock market, like other markets, could hardly be called "efficient."

Maple's gold in the ground is selling at $11.00 the ounce which translates into $0.16 the share.  This gives a ridiculously low market share.  At the same time, we have NOVO sitting at $4.22 per share.  Which one is priced properly?  Neither.  Maple is grossly UNDERpriced while NOVO is OVERpriced.

As shareholders wake up and properly price the and other junior golds, they will move more towards equilibration.

Until then, I am a buyer of Maple and were I a holder of NOVO, I would be selling.
 

Bullboard Posts