MacDonald Mines Exploration (TSX: V.BMK, Stock Forum) shares raced 40% higher on Thursday to 15.5 cents.
The company has property near Noront Resources (TSX: V.NOT, Stock Forum) in the McFaulds Lake area of Ontario’s James Bay lowlands.
On Thursday Noront Resources released news that its ongoing drilling program at its Eagle’s Nest prospect had intersected what the company called “high grade platinum.”
Poster’s the MacDonald Mines Bullboard began the session in a celebratory mood.
“Great results from NOT has instantly shot us back where we were a few weeks ago back and forth. Not sure how long it will last but as we know, we need a little more then this - can't always rely on NOT. In any case, volume is big so far and is refreshing to see.” Said MONDAGO.
But Mooger complained that MacDonald seemed to be playing the McFaulds Lake bridesmaid: “This company has no life of it's own. It just follows NOT around like a lost puppy. Eventually BMK will need to be the one with the NR's, not NOT.”
Not so, suggested another poster. “This is easily the cheapest entry into the whole Ring of Fire play. At 13-15 cents you will not lose money. By far the hidden gem in this play,” opined Numb3rs. “Ride NOT's coat tails for a while boys, attention will turn this way soon enough on their own merit. 20 cents by the end of the year (that's ONLY a month) EASY MONEY if you ask me.”
