Bob Moriarty - Tue, Oct 1, 2019

Maple Gold for $3.02 an Ounce US

Bob MoriartyBob Moriarty of 321 Gold explains why he has been buying shares of this gold explorer with a project in Quebec.

Maple Gold Map

I have been pounding the table for months believing we would have a general stock market high in September leading into a giant crash starting in October. And I believed there would be a liquidity event that would blast hell out of the "Everything Bubble."

It's here. I also suggested investors in resources get liquid in anticipation of shares going on the sales table by investors dumping at any price as the margin clerks began to call. I think that is here as well and I did my best to lighten up to free up some cash. Gold and silver have been correcting for the best part of a month and they are not finished yet.

Maple Gold Mines Ltd. (MGM:TSX.V; MGMLF:OTCQB; M3G:FSE) became a sponsor a month ago. I've been waiting for some important news or anything worth doing an article around and got it yesterday.

I do hope my readers understand the concept of leverage. If you are given the alternative of buying into either of two mining companies, one that can produce at $800 gold and one that would require $1200 gold. If you think gold is going to stay steady or go down, buy the company with the $800 gold. But on the other hand if you think gold is going a lot higher, buy the one with $1200 gold. You get far better leverage. A $200 move in gold makes them far more valuable than with the $800 an ounce producer.

Maple Gold is in the heart of Quebec with a 3.25 million ounce gold resource. An updated 43-101 is due this quarter. Over the life of the project more than $60 million CAD has been spent on drilling including a 6,000-meter drill program this year.

The President and CEO is Matthew Hornor who was VP for Ivanhoe for ten years. The management team largely is from Ivanhoe and highly experienced.

I could go more into the specifics of the company but they have done a fine job on the presentation and anyone interested should read it carefully. It's right up to date. As of the 30th of June, the company had $4.4 million over their obligations but since then cash has gone down to about $3.5 million CAD.

While I was searching around for a hook to do a story on, I casually looked at the price of the shares. I had bought some at $0.095 and was thrilled to get them. Yesterday I watched the price go down to $0.07. Remember, this was a $0.46 stock less than three years ago. The only things that have changed have changed for the better but bored shareholders have tanked the stock by 85%. I leapt on a bunch of shares at $0.07 because I can both add and subtract.

Yesterday the company had about a $16 million market cap with $3.5 million in the till. Convert to USD for simplicity, that's $13 million CAD enterprise value and $9.8 million USD with 3.25 million ounces. That is within spitting distance of $3 an ounce USD.

If you even like gold, you are never going to see a better deal than gold at $3 an ounce. There are only two things that can possibly happen. Gold goes to zero and "Bitcon" takes over the world, or we go into QE infinity and gold goes a lot higher.

Look for a lot higher gold. And a lot higher Maple Gold Mines shares. Management's only error has been to hide their light under a bushel. They need to let it shine.

Maple is an advertiser. I own a bunch of shares bought in the open market. Naturally I am biased so do your own due diligence. I share neither your profit nor your losses.

Maple Gold Mines
MGM-V $0.075 (Oct 01, 2019)
MGMLF-OTCBB 237.4 million shares
Maple Gold website.

Bob and Barb Moriarty brought to the Internet almost 16 years ago. They later added to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Maple Gold Mines. Maple Gold Mines is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click below for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. publishes interesting contributor articles in addition to its own content. We have not verified any of the above details.

Sign-up at (or for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or to post at our Bulletin Boards. Free!

Please note that nothing in this report should be taken as a recommendation in any way, and that everything from is subject to the terms of our Privacy Policy and Disclaimer.

comments powered by Disqus

Detailed Quote Portal

symbol lookup | (TSX add :ca)

Membership Privileges

  • Investors Guru Small Cap Stock Observer - newsletter emailed monthly!
  • Featured Stock Profiles - emailed on occasion!
  • News by Email - as it's released, according to your My Preferences!
  • My Portfolio - login to view or update your holdings, or have it emailed daily!
  • My Watchlist & Alerts - login to view or update your stock radar list, and set price triggers for email alerts!
  • Bulletin Boards - no need to request boards, just Quote it! Social Sign-on & Share your ideas, observations & trends!
  • Find it all! Find it Fast! Comprehensive stock research webpages. No more endless clicking!

Email: (see Privacy Policy)
Password: (4-15 characters)
Username: (4-15, BB posts etc)

unsubscribe anytime

Bookmark and Share

 Subscribe in a reader

Our Mobile Site