Maple Gold Mines Ltd V.MGM

Valuation

[woolco]

67M

35M in cash and committed cash to drilling.

3M+ oz gold

What is wrong with this pic?

3M oz gold= 32M valuation....under 10 bucks and oz...should be closer to 50....even 30 at a big discount

[Iwant2Retire]

Most of your 3M oz gold is low grade.  I think heavy investor's are waiting for higher grade deposits.  Patience young grasshopper.

[woolco]

It's actually normal grade for open pit mining....which is what this and Malarctic are.  This is very shallow at this point...and the grades are very mineable for high profit at these grades.  Yes...the deep driling should /could reveal bonanza grades...but the cost to get to  those grades is high... I prefer open pit lower grades for mine viability. Good news is we have

[Shylockreturns]

The shallow, lower-grade gold is "money for jam" while the deeper, Bonanza-grade gold, if in fact the grade is high enough, will more than offset the higher cost of mining. MGM has it all:  lower-grade, shallow gold and high-grade deeper gold. This thing is going to be a monster when the mining starts!

[jdgreat1]

It is a 10+ bagger play!!! No kidding. That 3m is only to the 300meters. The real gold deposits suppose to be under 1000meters. The 1st batch of these deep holes drilling results are pending.