Mineral Road Discovery Inc C.ROAD

RE: Bashers Out in full force While Assays Pending LOl ?

[ja_prufrock]

AMXJ,

I think what people are reacting to here are the numbers.

Numbers are like letters in the alphabet - if you put them together in a certain way and you know how to read, they will tell you something.  Numbers are the truth machines whether from drill bits or financial analysis.

Use the following from Stockhouse BB as a reference:

mainerisk (50)

User Actions  

January 08, 2021 - 01:00 PM

77 Reads

Post# 32254875

Crest Resources ownership of Stocks and Private Companies

Purchased stock of Crest Resources.  US Market Cap of $3,350,000.  I checked the values of their ownership of stock in other companies:

Exploits Discovery 15,442,500 shares .4544/sh = $7,017,072.
Volatus Capital 10,715,667 shares .15/sh can. used .1181 us = $1,265,520.
Origen Resources 4,200,000 shares .1575 us = $661,500
Opawica Explorations 1,575,000 shares .1148 us = $180,810
Total of share value:   $9,124,902.
Total Market Cap US: $3,350,000. 

The value of stock ownership is $5,774,902 great than the market cap.

Now lets add the value of the private companies also owned by Crest Resources:

Ausvan Battery Metals 60% Ownership   AusVan Battery Metals is a vanadium developer with its agship Allaru Vanadium Project located in the North West Minerals Province, Queensland, Australia.

Chala Copper 78.3% Ownership:  Peru Copper     https://crestresourcesinc.com/projects/chala-copper/

Carbon Foundry 50% Ownership:   https://crestresourcesinc.com/projects/carbon-foundry-corp/

Chapel Island Gold 100% Ownership.  Part of the Newfoundland Gold Rush  https://crestresourcesinc.com/site/assets/files/3741/image2-32.png

Gazeebow North Gold 75% Ownership.  More of the Newfound Gold Rush   https://crestresourcesinc.com/projects/gazeebow-north-gold/  

The Newfoundland Gold Rush:  https://exploitsdiscovery.com/wp-content/uploads/2020/11/Exploits-Subzone-Area-Play-Map-v2-Nov-2020.pdf

You can buy into Crest Resources for 1/3 of their actual stock value holdings and that does not included the values of the Private Companies listed above.  

Do your own research.

On 01/08/21 there were ~33 MM shares outstanding @ $0.10.

On 6/01/21 there were ~?? MM shares oustanding @ ~$0.28.

On 6/04/21 there were ?????? MM Shares outstanding @ $0175

On 6/25/21  There were ~84 MMshares outstandining @ ~$0.125

When there is a material change in share price and/or shares outstanding, one must ask what happened at the time of the change.  

I totally agree that this matter should be fully investigated, but what needs to be investigated is the motives of the mismanagement team - not the posters on this BB.

A 250% increase in shares oustanding in < 6 months is an issue in itself and indicates poor stewardship of company capital on the part of the mismanagement committee.

By contrast look at Altius Minerals.  In ~ 2002 They had about $1.5MM in cash, 6 properties and ~25mm shares outstanding selling forr ~$0,25. Today they have about 41 MM shares outstanding selling for ~$17.   

Hope this helps you understand.

Regards,

JA