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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

Comment by Angelique01on Nov 17, 2021 11:18am
144 Views
Post# 34136282

RE:.CURRENTLY-Douay,s 2.7 mill/ozs are being valued @ 7.00/oz..

RE:.CURRENTLY-Douay,s 2.7 mill/ozs are being valued @ 7.00/oz..
goldman17 wrote: Eventualy those ounces will be mined @ $1,850../ oz-which = 2.7 mill times $1850.00-which translates into roughly $8 BILLION DOLLARS--yet the entire MGM market cap stands at only $100 million-Now add to that the ounce count update we are waiting for-plus all the insiu gold at both jeutal and Eagle properties--THAT WHY WE ARE CURRENTLY TRADING AT 10% OF our Market capp---THATS WHY I KEEP SAYING ''MAJOR S/P INCREASE IS ONLY AROUND THE CORNER-imho


 GOLDMAN17  Your comments are idiotic and lacking in fact.  Total BS.   The whole MGM bullboard loses credibility as a result.  
1.  $1,850 times 2.7M ounces does not equal  $8 Billion.  You can't even do basic math.
2.  Nobody mines inferred ounces.  Companies mine proven and probable reserve ounces of which MGM currently has 0.
3.  Your statement ignores the cost of mining.  
4.  As there will be no mining in the next 4 years the price of gold now is irrelevant.  It may be higher or lower when MGM actually starts to mine.  Who knows.  A long ways off. 
5.  As managment has indicated there will be no mining in the short term why do you continue to talk about strip mining happening as soon as possible.  MGM doesn't have the money to do anything at this point other than drill.  A PEA will only be generated once they define an optimal resource.  Just getting started here. Don't you pay attention to what mangement says?
6.  You stated Hemlo got bought out after 70 drill holes.  More BS.  The first Hemlo hit encountering gold by David Bell didn't occur until hole 76.  It then took another $20M and a lot more drilling to define the first Hemlo deposit.  You haven't got a clue what you are talking about.
7.  You should be basing your investment decisions  not on cajones but on brains.  Those without brains put their money into stocks that get halted and haven't been trading in 6 months.  How is your BETS stock doing?  Still halted I see.  Look between your legs and kiss your money good bye on that one.
8.  Rather than inflating the read count on your posts you should take more time to ensure the information presented is accurate and not  made up BS. 


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