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Melkior Resources Inc V.MKR

Alternate Symbol(s):  MKRIF

Melkior Resources Inc. is an exploration stage resource company. The Company’s operations include the acquisition and exploration of mineral properties in Canada. The Company’s projects include Carscallen, White Lake, Maseres Genex, Val d'Or, Launay and Genex. It holds a 100% interest in the Carscallen property, west of Timmins, Ontario. The Carscallen Project is located approximately 25 kilometers west of the city of Timmins, Ontario. Its White Lake Project consists of over 333 combined Single Cell Mining Claims and Boundary Cell Mining Claims with each Single Cell Mining Claim being approximately 20 hectares, located 15 kilometers northeast of the Hemlo Gold Mine operated by Barrick Gold Corporation. The White Lake Property is situated in the north-eastern portion of the Hemlo Greenstone belt. Its Genex Project is located 20 kilometers west of Timmins. The Company owns a 100% interest in the three mineral claims in Tiblemont Township, Quebec.


TSXV:MKR - Post by User

Bullboard Posts
Comment by bigdog37on Jul 14, 2011 1:31pm
231 Views
Post# 18831765

RE: Carscallen: What's in an "Average"?

RE: Carscallen: What's in an "Average"?SOS.  Besides the fact that you are  unhappy with Jens.  Why is it that Melkior is trying to snow investors, with good grades of gold and significant stringers at shallow depths,  yet EXS is hitting the mother load with the HMC model at depths of +900m?  It does not make sense to me how MKR is so wrong and EXS is so right.  Economically speaking EXS would need 4x the gold at these levels to make it worth while(which they have not shown ). Yet they are following the HMC model  and  Melkior's management is just wasting money drilling holes in the ground.  Please explain.
  Also don't take my comments as a ringing endorsement of MKR management.  Everything seems to take forever to get done. I just don't understand how EXS is trading at 0.50 and MKR at  0.18 other than better promotion. I am not a geologist, but it sure looks to me like MKR is a better buy at this sXKPtage in the game.
Bullboard Posts