Mason Res Corp MSSNF

"Mason Resources Corp is a mining company. It is engaged in the copper exploration and development in the U.S.A. Its key project is the Ann Mason Project located in the Yerington District of Nevada."

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Mason Res Corp

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Post by demarkoon Nov 05, 2009 11:32pm

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Post# 16459359

News- When?

The last time I spoke to Doug which was about 2 weeks ago he mentioned to me that yes they were still pursuing a JV partner and that some interesting parties were on there property in Turkey looking at it. He mentioned to me that they are focusing on a new high grade zone called Celtic, which was not fully drilled. They have great suspicion that this "zone" carries even higher grade gold then other zones, and that they are planning on doing major drilling on this zone. Question we all have do we have enough dough to drill wihout dilluting the stock. Is 2 million dollars enough for the drilling? The answer is YES, labor is cheaper over in Turkey and the cost of doing things are far cheaper than in North America. Looking at other juniors that raise 400K or 1.2MILL get a big clap from investors and there stock begins to climb. They start drilling, and strategize on what HOT holes they want to drill first, get the news out ASAP to get the S/P moving up so they can raise more $ at a higher price. Most of these juniors are sitting on a fraction of what MNR is sitting on and they are around the 25-70 cent range. Some have 140 mill shares outstanding some with only 17 mill.

So we hear some news on some news/investing site that MNR has "been held up with infrastructure issues. Source believes these will be resolved in November and the stock will have a strong chance of moving higher before year end"

So my question is why did we not hear about this from management? Maybe they meant about the permits being jacked by a greedy Turk?

Another interesting fact that I heard from my phone calls to certain people that MNR might not be around much longer either. So where does that leave us?

I guess it keeps us guessing and wondering how MNR S/P does not reflect the 3 MILL OZ that they are sitting on with gold at 1090/per oz. Keeping in mind that they only have drilled 20 percent of there land. So can we blast through to 6 MILL OZ with more drilling? Will we keep drilling or sell the resource for pennies?

I am thinking sooner than later this story will unravel.

D