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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 E30S14on Jun 20, 2024 2:05pm
117 Views
Post# 36098414

RE:Sounds like a good deal

RE:Sounds like a good dealTo "just dig and prove up more ounces" is not so easy and definitely not cheap. They will need to continue further dilutive financings along the way and the share count as a result will continue to balloon.

Let's not forget the "3M ounces" they lay claim to are not near surface economic ounces. They are deep and narrow, and would be costly to extract  if and when such a decision is ever made.

In short, MGM has merely become a penny whackers delight. Make some smaller gains and hope they add up to the multi-bagger past promises of Double H.

More importantly, MGM is yet another team e top nose pick which is why even Kang and Kodos have since decided to hover over another part of planet earth.

Good bye Agnico Eagle. It was fun while it lasted.

Remember to keep buying the offers as bidding is for gamblers, and penny whackers are bad. We haven't sold a single share and continue to buy more at these levels. Good grief.

Great good fortune to all.

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