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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 Eppyon Feb 27, 2019 2:21pm
108 Views
Post# 29419093

RE:Wouldn't it be 'golden' if MKR was the 'Lead Horse',....

RE:Wouldn't it be 'golden' if MKR was the 'Lead Horse',....GetaLong, I appreciate your enthusiam, but realistically, 14 cores will not make this company.  There will be a lot more drilling required to prove that MKR is the "Lead Horse."  Where they are drilling now is swampy and therefore not conducive to drillling again until next winter.  Where will the next set of targets be?  It is a huge property of which a large portion is low lying.  We don't know if the first 14 drill cores will be enough to wet the appetite of potentail investors.  I am sure MKR management, like current shareholders, want the share price a lot higher than .075 for the next round of drilling,  Management I believe knows the folly of financing at these low prices which would only result in a significant dilution of our shares  My hope is that the 14 cores show enough to get this stock above .20 and to peak the interest of potential investors at that price or beyond. Lets not be unrealstic in our expectations.  We are just  in the early stages here.   Lots more holes need to be drilled.  Hopefully, these first holes will be good and the market starts to see the potential here.  That is what will drive our share price up to where a private placement is feasible for MKR and investors.  PDAC will be a great venue to tell the story.  We are all anxious to see those first drill results.  GLTA
Bullboard Posts