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Bullboard - Stock Discussion Forum 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... see more

TSXV:MGM - Post Discussion

Maple Gold Mines Ltd > -Douay-has a 43101 showing 3.2 mill/ozs in 2 catagories-not
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Post by goldman17 on Jul 29, 2021 1:43pm

-Douay-has a 43101 showing 3.2 mill/ozs in 2 catagories-not

counting the results we r waiting for--3 million ounces in situ @$396.00-oz--which is the going price for high grade gold -that will be strip mined-in a safe country like canada-=thats $1.2 billion divided by approx 300 mill sharesis roughly $3.00/share-thats not counting new drilling results or any value for eagle mine project-soooooooooooo-lotsa upside comingggggggggg
Comment by jdgreat1 on Jul 29, 2021 2:39pm
Not to argue the numbers you have used, at least the logic has to be right i.e. should not be splitted into half or multiple 50% for MGM?  still good to me $1.5! :)
Comment by goldman17 on Jul 29, 2021 7:30pm
I stand corrected-that number does need to be cut in 2--but i was only using the 3 million ounces they hve prior to any new drilling results--surely all these new holes- -and their NEW UNDERSTANDING HOW THIS DEPOSIT RUNS-THEY WILL EASILY DRILL THEIR OWN 3 MILL. OUNCES-MAKING MY ORIGINAL PRICE CORRECT -PLUS THE VALUE JUATEY & THE EAGLE MINE--
Comment by jdgreat1 on Jul 30, 2021 10:18am
In terms of how many ounces, I don't think any of us has any idea and can be anybody's guess even to MGM team. Only drilling will tell either deeper, much deeper or wider to new area. We need to drill! DRILL! DRILL! Like the porker, show us what MGM really has. Royal flush or maybe bluffing??? WIth the speed we are seeing, seems it will take a long long time unless both want to speed it up ...more  
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