MultiMetaVerse Holdings Limited V.MMV

Mining Stock Journal- A Newsletter 4/16/20

[MineralMt1Gold]

Mineral Mountain Resources (MNRLF, MMV.V - US$0.25) -4/16/20

MMV announced on April 9th that it believes the Standby Gold Project represents a "new Homestake-style" gold discovery based on the assay results of the recent drill program combined with the data the Company has from historical drilling. The Company has identified a "corridor" of potential gold mineralization that will require both in-fill and continued exploration drilling.

 I think the Company has put the best possible explanation of what Standby may or may not be based on the results of a drill campaign that did not yield a concrete discovery. That said, the type of rocks, geological formations and "pathfinder elements" encountered in the drilling fits the "Homestake" model, which is encouraging. This should enable the geologists to "vector in" on potential economic deposits.

Thankfully the Company has enough money to conduct another round of drilling. The stock is more than 100% above the low it hit July 2019. After the news release, the stock dropped below its 50 dma and bounced off of and up from its 200 dma (red line, 20 cents). Part of the sell-off is likely "technical" as the stock fell below the 50 dma when the drill results were released and part of the sell-off was likely related to information as presented in the news release, which was not well-written. By this I mean the news release was written in a way that might have been difficult to understand for the generic retail stock speculator. Technically the stock is set up to soar if we get lucky and the Company makes a bona fide discovery in the next drill program

 The upside potential far outweighs the downside from here.

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