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Maple Gold Update – The Strategy Between Growing The Resource and Presenting Economics

Cory
March 19, 2018

After my last interview with Maple Gold Mines (TSX-V: MGM, OTCQB: MGMLF) there were a few questions asking how they are balancing growing the already 3+ million ounce resource and putting some economics around it. I reached out to Joness Lang (VP Corporate Development) to share some insights on the strategy moving forward. We discuss the new drilling that is underway which is very much exploration drilling. There is a lot going on with this Company and we will continue to follow along as drill results are released.

If you have any questions for the team at Maple Gold please comment or email me directly – Fleck@kereport.com.

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Discussion
40 Comments
    Mar 19, 2018 19:54 AM
      GH
      Mar 19, 2018 19:14 AM

      The $DAX is ugly–so far it hasn’t managed a backtest of its break below the 233 day simple moving average. I’d guess it is going to revisit the 600 day moving avg around 11400.

      http://schrts.co/U7XohE

    Mar 19, 2018 19:02 AM
    Mar 19, 2018 19:12 AM
    Mar 19, 2018 19:33 AM

    Boom! (HL) Hecla to Acquire Three High-Grade Nevada Gold Mines with the Acquisition of (KLDX) Klondex Mines Ltd.

    by @businesswire on March 19, 2018

    https://ceo.ca/@businesswire/hecla-to-acquire-three-high-grade-nevada-gold-mines-acquisition-of-klondex-mines-ltd

      Mar 19, 2018 19:35 AM

      Luckily I had a nice payday on the (KLDX) position I just started last week, but unfortunately I only got my first tranche in place to date, but had plans for a 2nd & 3rd before something like this happened. Oh well, that was a pretty nice swing trade in Klondex. 🙂

      Mar 19, 2018 19:37 AM

      Nice bit of news……..for the share holders…….

    CFS
    Mar 19, 2018 19:36 AM

    off topic:

    The US national debt just passed $21 Trillion.

    That is $21.000.000.000.000

    Do you know what happens if the Federal reserve interest payments on the debt rose to 5%?

    The interest rises to $1,050,000,000,000.

    i.e. the interest cost on the debt alone would be $1.05 Trillion.

    And that does not include any budget deficit.
    If you think there are going to be FOUR 0.25% interest rate hikes this year, you are saying the the Fed will choose to increase the deficit this year by $210 Billion.

    AT WHAT POINT DO YOU THINK THE US ECONOMY TURNS ZIMBABWE LIKE?

      Mar 19, 2018 19:38 AM

      DEBT JUBILEE>>>>>>on the Way…………..

        Mar 19, 2018 19:39 AM

        There is a point , where the debt can not be repaid…….Simple Rule of 72 applied…..

        CFS
        Mar 19, 2018 19:51 AM

        OOTB…..You do realize a Jubilee is essentially a Zimbabwe economy….i.e. default by its proper name.

          Mar 19, 2018 19:00 AM

          Eventually, all roads lead to ROME……….

          GH
          Mar 19, 2018 19:30 AM

          Perhaps, CFS.

          But at some point redress must occur for the bankers swindles.

          And given that the US, China, EU, Japan have all been competitively debasing their currencies, I don’t really see how the whole world turns into a zombie economy. Zimbabwe can fall off the planet, and most of the world wouldn’t notice. The aforementioned four couldn’t.

          Yes, to confront the criminal bankers will cause turbulence, very possibly severe. But it is better than the alternative by far.

      Mar 19, 2018 19:44 AM

      Looking at the debt clock,lower right hand corner……….165 MILLION receiving benefits.

        Mar 19, 2018 19:44 AM

        40 MILLION ON FOOD STAMPS

          Mar 19, 2018 19:45 AM

          51 MILLION RETIRED

            Mar 19, 2018 19:46 AM

            Make that 50,999,999……..McCabe will have to go get a part time job…..

    Mar 19, 2018 19:48 AM

    Dollar to Gold Ratio……… $4700……..that is where gold should be……..way undervalued.

    Mar 19, 2018 19:50 AM

    NOT in WORKFORCE……….95Million

      Mar 19, 2018 19:39 PM

      Numbers indicating underemployment, not in the workforce, part time employment, real interest rates etc etc are not taken into account when expressing the perceived strength of the economy. These figures show alot more underlying issues with a countrys economy such as the US. Ditto here in Australia.

    CFS
    Mar 19, 2018 19:52 AM

    Alio Gold Inc (TSX:ALO.TO) (NYSE AMERICAN:ALO) (“Alio Gold” or the “Company”) and Rye Patch Gold Corp. (TSXV:RPM.VN) (OTCQX:RPMGF) (FWB:5TN) (“Rye Patch”) are pleased to announce they have entered into an agreement whereby Alio Gold will acquire, through a plan of arrangement (the “Arrangement”) all of the outstanding shares of Rye Patch. Alio Gold will host a conference call at 11:00am EDT (Toronto) time today to discuss the transaction and the details of the call can be found at the end of the release. Management from both Alio Gold and Rye Patch will participate in the conference call.

    Under the Arrangement, each common share of Rye Patch will be exchanged for 0.48 common shares of Alio Gold. The offer implies a value of C$1.57 per Rye Patch share, a 35% premium to Rye Patch shareholders, based on the 20-day volume weighted average trading price of Alio Gold shares on the TSX and Rye Patch shares on the TSX.V for the period ending March 16, 2018. The offer values Rye Patch’s outstanding equity (undiluted) at approximately C$128 million. The number of Alio Gold shares to be issued will be approximately 39.0 million based on the issued and outstanding shares as of the announcement date, subject to adjustment for options, warrants and restricted stock units vested prior to the Arrangement. The transaction is expected to close on or about May 25, 2018. Existing Alio Gold and Rye Patch shareholders will own approximately 53% and 47% of the combined company, respectively, following the close of the transaction.

      Mar 19, 2018 19:32 AM

      Lots of M&A today. Alio/Rye Patch, Hecla/Klondex, and Anaconda/Maritime.

      Finally a little excitement and I was involved in all 3 of them since I hold shares in Rye Patch, Klondex, and Anaconda. Fun times!

    CFS
    Mar 19, 2018 19:53 AM

    Hecla Mining Company will acquire all the outstanding shares of Klondex Mines Ltd. through a plan of arrangement. Klondex’s Canadian assets will be spun out to its existing shareholders.

    Under the Transaction, Hecla will acquire Klondex for consideration of $462-million (U.S.) with a mix of cash and shares of Hecla common stock and the newly formed company (Klondex Canada). Klondex’s shareholders will receive $2.47 (U.S.) per share in cash or shares of Hecla, which represents a 59-per-cent premium to Klondex’s 30-day volume-weighted average price, as at March 16, 2018, on the NYSE American.

    Mar 19, 2018 19:39 AM

    More noise/flagging today in the metals and miners. SLV is still poised on the edge of a cliff just waiting for someone to push it off. Still plenty of time in this daily cycle for the metals to get pounded. We are only on day 26 with daily cycles typically running 35-40 days. A 40 day cycle would put us right on the April employment report.

      Mar 19, 2018 19:47 AM

      I believe we have a bottom in Silver. Downside is limited, RR favors building a long position.

      Mar 19, 2018 19:49 AM

      Btw seems like you’re just rehashing Gary’s views on SMT.

        Mar 19, 2018 19:04 PM

        Not a subscriber. While his blog was public up until a week or two ago, he was actually expecting a DCL on the FOMC (which would be early). He also thought the intermediate cycle would bottom then too (which would make it a very short IC). In contrast I am open to the possibility that gold falls for another 10-12 weeks after this next DCL. So I am hardly rehashing his call.

          Mar 19, 2018 19:15 PM

          Time will tell, time to start building long positions in miners. Here’s my shopping list: FSM, IAG, ABX

            Mar 19, 2018 19:08 PM

            Cali, not investment advice but I believe (technically) IAG has further to fall. It’s one of my sentinel stocks that is telling me we have to wait further before we start to see a nice move in the precious metal stocks. I believe you’ll be able to purchase IAG for below if you’re patient enough. However, having said that I think FSM is a good purchase on any move down here which should happen in April—I don’t think the move will be significant. I’ve been following both of those stocks carefully.

        Mar 19, 2018 19:10 PM

        “for below 4”

    Mar 19, 2018 19:30 PM

    Trumpet announces he is not planning to fire Muller . within 2 months expect it. S