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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 22, 2024 1:30pm
100 Views
Post# 36101663

RE:RE:RE:Sounds like a good deal

RE:RE:RE:Sounds like a good deal

I don't have a bone to pick with you jdgreat1. But please don't get me started when it comes to Maple Gold. This company and stock were over-hyped, plain and simple.

Regardless of whether the average drilling to date at Douay has been 350 Metres, those gold ozs are not as favorable or economical as being closer to near surface was my point. Semantics. Definitely was not trying to mislead or bash.

Probably even more important as you, and another poster, have mentioned, is that the gold ozs there are "too scattered away from each other." I totally agree. Once again, not favorable and economical.

And let's not forget that only 511,000 ozs of the 3M oz resource estimate are in the Indicated category.

Bottom line, they will require more dilutive financings going forward which further detracts from the investment thesis for this stock.

Like I have said before, MGM has simply become a penny whacker's delight. So I suppose yes, there can still be money to be made here whacking pennies.

Great good fortune to all.

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