Re: MacDonald Mines Engages VMS-Nickel-Copper-PG... Expert for Ring of Fire Properties
posted on
Jun 05, 2010 10:35AM
Yes, a BIG HIT and only more big hits are coming
I find myself going back to this NR and questioning the reason for hiring BMK hiring after it was not that long ago where BMK appeared to have almost given up on the ROF. So I see this comment:
"Dr. Barrie will be following up on his internal MacDonald Mines report of
2005, focusing specifically on the Company's McNugget Property which was
recently confirmed to host new volcanogenic massive sulphide (VMS)
mineralization of substance. "
Why would they after 5 years (2005) now appear interested in this VMS mineralization of substance? Why did they not pursue it at the time? Then I remind myself it was before the eagle 1 discovery hole that started off the whole ROF excitement causing a massive staking/claims frenzy and perhaps just did not get any attention based on the projects underway at the time; don't know just guessing. Ok, then why did they not pursue it when E1 was discovered? This I cannot answer either. Perhaps it was lost in the shuffle of staking or that they believed there were other high priority targets worth pursing. Again no answer. It would be nice to know why. It sounds very promising does it not.
Regardless of why it was not pursued, the comment which confirms new VMS of substance does suggest that we have something there. It could be nickel (good lord if it is nickel then wholy s#$t) or it could be more chrome as their appears to be lots in the area at high grades and we know that Cliffs desires to be the first producer in the ROF. So a market for both which is good. Of course it be nothing of any value - but I doubt that.
Whenever I read the words "massive sulphide" it does generally mean something and given they have indicated it is a "mineralization of substance" then we know it has size, and if this turns out to be nickel and if it has grades anywhere close to E1, well....I will let you decide what could happen. Just look at NOT when E1 was discovered. Again, I ask how did this not get pursued! We know there is something, now it remains to be seen as what.
Ok, now for the disclaimer. Yes I own BMK. I have owned for some time now. My comment above is my opinion only and should not be used to buy/sell securities. Please do your own DD prior to investing in this security or any security and be comfortable with your decision. Have a good weekend all.