Taking stock of MGMIt's not difficult to see why on a day-to-day basis that retail investors are unimpressed with this stock at the moment (see: up 0.01, a measily 5,003 shares as of 10:02AM EDT). Furthermore, only one rig out for the rest of the year appears underwhelming (when in the past, the company hinted that there may be more units drilling). One could be forgiven for thinking that the lustre is lost regarding the AE partnership news and Malarctic comparisons. Sigh. Opportunity cost is a real thing.
That being said, Maple Gold is a potentially a sleeping giant. Millions of inferred ounces are on the books. The company is still sitting pretty with AE as far as we can tell. While only one rig is going, the drilling is going deeper. Should the 10,000m already done and 20,000m to come yield good assays, it will only serve to add ounces (and hopefully lead to over 5 million and beyond). These latter reasons are keeping many (including a lot of smart money) in with this company. Hopefully the favorable results come to pass and the eventually district level project commences. Perhaps if and once that trajectory is secured, the company with be bought out with an agreeable, well deserved premium. However, when the giant wakes up will be unpredictable and in that moment appear to happen suddenly - hopefully it's all worth waiting for. GLTA.