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Mammoth Resources Corp V.MTH

Alternate Symbol(s):  MMMRF

Mammoth Resources Corp. is a Canada-based precious metal mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production) in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Tenoriba property is comprised of four concessions: Mapy, Mapy 2, Mapy 3 and Fernanda. It is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.


TSXV:MTH - Post by User

Bullboard Posts
Comment by whatsthebigdealon May 23, 2013 5:09pm
152 Views
Post# 21433916

RE: This company is in trouble...

RE: This company is in trouble...

Previous post doesn't show correctly... I'll try again:

 

Mammoth just filed their financials (to January 31st) today.At that time (almost 4 months ago) they had $250K cash, payables of $120K, and overheads running at ~$100K/quarter - which would mean that they have no money now!! They are not in a good shape.

Bullboard Posts