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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 > Sounds like a good deal
View:
Post by jdgreat1 on Jun 20, 2024 11:41am

Sounds like a good deal

Get 100% back on the projects ( including additonal Jortel from AEM) 

What will happen if MGM proves up to 5M ounce and then decide to sell, without even getiing to so called contruction decision?

Does it mean AEM has to join the bid if they want to take MGM?

AEM takes one step back and ask MGM to " SHOW ME MORE  OUNCES"  alone on itsself and then we will come back... Am I right?

GLTA!  Just dig and prove up more ounces...
Comment by E30S14 on Jun 20, 2024 2:05pm
To "just dig and prove up more ounces" is not so easy and definitely not cheap. They will need to continue further dilutive financings along the way and the share count as a result will continue to balloon. Let's not forget the "3M ounces" they lay claim to are not near surface economic ounces. They are deep and narrow, and would be costly to extract  if and when such ...more  
Comment by jdgreat1 on Jun 20, 2024 2:56pm
The 3 M ounces is averaging 350meters deep.....Just too scattered away from each other. Not as deep as you sounded... The Douay Gold Project has an established National Instrument 43-101 mineral resource estimate of 10.0 million tonnes grading 1.59 g/t Au for 511,000 contained ounces of gold in the Indicated category and 76.7 million tonnes grading 1.02 g/t Au for 2.53 million contained ounces of ...more  
Comment by ikny on Jun 20, 2024 10:49pm
while the grams per ton are not impressive,there is another variable....the priceof gold...if it goes to $3000 per ounce as some claim,we might have a viable mone.
Comment by E30S14 on Jun 22, 2024 1:30pm
I don't have a bone to pick with you jdgreat1. But please don't get me started when it comes to Maple Gold. This company and stock were over-hyped, plain and simple. Regardless of whether the average drilling to date at Douay has been 350 Metres, those gold ozs are not as favorable or economical as being closer to near surface was my point. Semantics. Definitely was not trying to ...more  
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