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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

Comment by IceColdBeeron Jan 05, 2021 6:47pm
137 Views
Post# 32229561

RE:Market Cap/Gold Price.....Up.....Up

RE:Market Cap/Gold Price.....Up.....Up
I get where you are coming from.  Even though I have been in this for a looooooooooooong time and rolled back, I know we are now much further a head than ever.  We have a lot of irons in the fire and hopefully the upcoming drill results get us moving.  I appreciate the chat Sieg, I know you know a lot more than I do about Gold plays.

siegfried13 wrote: For 'best guessing' I look at the market cap at 20m.  Add in all that is going on, today's news means KL has seen the lab results from 1st drilling and they are staying, it's what they expected. They have some very astute Geologists.  Barrick wants to drill our Hemlo property.  Our drills turning in the next week at Maseres.  MAG identifies "Hot Zones" at Val D'or.  I would say Jon's plate is pretty full. Our cap at 20m is way, way,way undervalued. Crazy undervalued.
Take a look at 'comparable' junior miners (remember, we have 20 million shares outstanding).
When the first "juicy numbers....grams per ton" roll out, the available stock will dry up (Deluces own half).
What can happen to the shareprice? 
We are in the earlier stages of becoming a "Probe"......PRB.  Lots of similarities.  Probe has 130m shares outstanding, $225m market cap.  Do your own comparisons.



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