MacDonald Mines Exploration Ltd V.BMK

BMK soaring to 50 cents ???

[Retiredgeo]

Overly optimistic in my opinion.  

Suppose BMK mines another 30,000 oz from the property.  That is a gross value of ~$72,000,000 CAD.  Considering it's proximity to Sudbury suppose $40,000,000 is net.  200,000,000 shares divided by $40,000,000 = $0.20/share in shareholder value.  The rest of the SPJ property has potential but as of this moment no value.

They would have to find something much larger than anything we have seen to date to justify a higher share price.  Note that the last time BMK hit $0.20 it fell back very quickly.

I would like to see them mine the Scadding mine property to fund further exploration.  The best gold mines are self financing gold mines with no debt.  The Scadding mine property was discovered by accident over 40 years ago.  There are probably more and better such deposits under the birch trees and overburden.

[Computer]

30000 ounces Not sure about that. see latest Geophysical Analysis (Link Below). This is whats generating the excitement here. There could be millions of ounces in the ground. https://www.youtube.com/watch?v=KucUhclqm7g

[Retiredgeo]

As a shareholder I hope that you are right (GO BMK GO!) but we have yet to see the kinds of intersections and the number of intersections that would translate into millions of ounces.  The IP survey is only 700m by 700m ,  The old scadding mine was ~ 100m by 100m = 30,000 oz.  I can imagine another scadding mine in the vicinity of the east-west pit.  Everything else is whishful

[Goldy63]

I would think with good results we could see high 20,s or low 30,s not 50 cents . Then again more gold = more strike length = more depth = more width so the possibility of an  open pit mine continues to be proved up and thats where the sp numbers can become major bank my fellow longs . Patience does pay . Cheers . 

[u2bob]

Picked up more shares today...should be a few more drill results out soon ...and gold pushing up on $1800 whats not to like ... Bob