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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 > Fake paper market vs. real gold supply.
View:
Post by locomoco on Jan 13, 2023 7:51am

Fake paper market vs. real gold supply.

Fake paper market vs. real gold supply. Fact is majors are struggling to find new gold resources and there has not been any major new resources discovered in recent years. Demand for gold will significantly out race supply and the spot gold price will eventually need to go up to be way more in line what is happening with real physical gold. This maybe the year this happens. MGM is in the best position it has ever been in since they have AEM as a JV partner. Within next 2 years, MGM will be acquired and most likely by AEM. With gold price set to go up, AEM will be even more flushed with cash. I don't see how MGM will not be acquired for at least $2 a share. IMO. Do you own DD.
Comment by Iwant2Retire on Jan 13, 2023 3:10pm
That's quite a bold and misleading statement regarding gold companies struggling to find new gold resources.  I went to Agnico's home page to see where else they were exploring and only found a couple,  separated by comma's: Anza, Barsele, Delta, Douay/Joutel, Dubuisson, El Barqueo, Gryphon Gold, Hammond Reef, Hanhimaa, Hope Bay, Jennings, Kirkland Lake Regional, Kuotko ...more  
Comment by jdgreat1 on Jan 13, 2023 4:07pm
If you point your mouse on the project, it shows who owns. Majority are all 100% owned by AEM, only a few are JV! We keep consoliating here and kept under 25cents resistance.  Hopefully next week, we break the resistance and move to next range 30-40. GLTA! GO MGM!
Comment by locomoco on Jan 14, 2023 9:35am
https://youtu.be/k3jVlpC3M9g
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