Maple Gold Mines Ltd V.MGM

Let us make it simple

[jdgreat1]

AEM offers 80 cents to buy out MGM!

No need to wait for drilling results, 3D modelling etc.

could be happening behind the scense and such long silence....

GO MGM!

[Hedberg77]

" . . . such long silence . . ."  Interesting take, JD.  Hey, it could occur!  Wouldn't that be interesting if, in the twinkling of an eye, the MGM story would wrap up with such a deal, resulting in a nice profit for all.  GLTA

[BurnabyJoe1919]

I would be happy with MGM being at 80 cents, but view MGM being much higher in the future. How are exploration companies like MGM valued on a share purchase? MGM would be roughly $250 million market cap at 80 cents. Would the confirmed ounces in the ground, with the prospect of proving more, make the bid higher to purchase MGM?

[jdgreat1]

I have no idea how a fair evaluation will be reached at this stage. Just picked a number somebody mentioned before... At 80 cents, MGM @250M, and values the whoe property at 500M, seems high with current existing 3M ounce not even proven.  But Mat is targeting 5M and we may see before end of the year when new estimate comes out with the new drilling results.  Also the potential of the

[aschi1]

Exactly, Exactly - without any economic Numbers -> means even proven Reserves -> our Resource is just a Numder in the Ground valued as we see right now.  Hope Highgrade 3D Model bring as a Boost with plenty Speculation of a Reserve 5 Million + as we are waiting for. Gone with Osisko and Detour Gold they drilled 100000 to 200000 Meters a Year to change Resource into Reserves. So our