Hey edeiejones.
There is much history with BMK in as much as it is one of the first companies exploring the James Bay Low lands and is the second largest land holder in the area.
BMK has just anounced the summer drill program with 5 specific areas they are planning to drill.
The company has more recently joined forces with some ex-Voisy Bay people, which all helps in the locating and identifying target signitures.
I have copied below, the Feb 2008 e-research article on BMK, gives a pretty good summary.
UPFRONT
A rising tide raises all ships! Five or six companies are expected to drill 70-80 holes this
year in the “Ring of Fire” around Noront Resources’ nickel-copper discovery in the James
Bay Lowlands of northern Ontario. A signi
ficant “hit” by any one of them should benefit all
participants, including MacDonald Mines.
RECOMMENDATION
e
Research is initiating coverage of MacDonald Mines Exploration Ltd. (“MacDonald Mines”
or the “Company”) with a Speculative Buy Recommendation. Our 12-month Target Price
is $1.35 per share and our three-year Target Price is $3.50 (see Investment Conclusions on
page 12).
PROFILE
MacDonald Mines Exploration Ltd. is involved in exploration for nickel-copper in the
Webequie area of the James Bay Lowlands of northern Ontario.
HIGHLIGHTS
• MacDonald Mines offers investors a value play on one of the most promising nickel
discoveries since Voisey’s Bay.
• The Company has the largest geologically favourable land position in the region
surrounding the recent spectacular Noront Resources (“Noront”) nickel-copper - PGE discovery.
• Significant exploration funding in place following recent $10 million private placement.
• High-pro
file investors Robert McEwen, Pierre Lassonde, Sheldon Inwentash and Randall Oliphant have recently taken significant ownership positions.
All the best...Geo
