Maple Gold Mines Ltd V.MGM

--So they find 3,200,000 ozs of Gold in ur Backyard-& its

[goldman17]

only lessthan 400 metres deep-and they want to buy your house-So you know that the Gold is selling for roughly $2,000.00/oz--Thats 3.2 mill/ozs times  $2,000---$ 6.4 Billion-of course it costs about  $700/oz to process-So thats $1,300.00 profit times 3.2 mill ozs--over $4 billion profit--but the Mrkt cap of the property is only $100 mill-plus gold in that area goes down over 2,000 metres--Soooooo lot's 
 of more ounces to come-talk about upside-imho

[justus434]

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[Hedberg77]

We said, Goldman.  Lots of upside for what is there under company holdings.  Actually seems somewhat undervalued at the moment.  GLTA

[Angelique01]

Unfortunately it's this type of naive and erroneous analysis that leads to idiotic conclusions such as the updated resource being 5 million ounces. First of all we don't have 3.2 M ounces.   We have a total of 3.0M  of which only .5M is indicated.  Inferred ounces are considered worthless when it comes to mine building and production. Secondly costs will not be $700/oz.

[Iwant2Retire]

And that is why we wait patiently right Angie? It is going to be hit or miss on the drill results. I am curious what they will find as they drill deeper down. For example, 63 g/t at 1000 meters over a strike length of 30 meters would be cause for excitement.  :)

[Angelique01]

Yes patience is defintely a virtue with this stock.  A deep drill hole like the one you mentioned above would be a welcome game changer and cause for celebration  ;) So far the past year the only ones making money are traders selling at the top of the trading range.  Hopefully that changes soon.