Mmmrf - Mammoth Resources Corp (gold Jv With Large Cap)

Discussion in 'Penny Stocks' started by Jon Alba, Jul 27, 2020.

  1. Jon Alba

    Jon Alba Senior Investor

    May 2018
    Likes Received:
    MTH.V Due Diligence Report
    Common Shares: 40 million - including recent pp and shares for debt
    Insider Holdings: 15% - Recent pp & shares for debt takes it to 20%
    Institutional Holdings: 25% - As per the 2020 fact sheet
    Insiders and Institutions hold 18 of the 40 million shares or 45%
    Options: 2.9 million exercisable at 6 cents

    Recent Company Presentation(July 2020):
    Recent Fact Sheet(July 2020):

    The company has a major project in Mexico with extensive work already done. Their JV partner is Centerra Gold(CG.T) who has already committed millions of dollars and will continue to do so as the results have been quite good. More information of drill results can be found on their July 2020 presentation

    some results from 2017 which were very positive:

    2017 -18 drilling intersected potentially economical grades of gold over 10’s
    of metres. Highlight gold intersections over a 4 km trend of drilling:
     2.3 g/t Au Eq over 43.0 m, including 5.3 g/t Au Eq over 3.7 m;
     1.3 g/t Au Eq over 23.5 m, including 5.0 g/t Au Eq over 5.5 m;
     1.2 g/t Au Eq over 25.0 m, including 1.6 g/t Au Eq over 9.0 m;
     0.6 g/t Au Eq over 45.5 m, including 0.9 g/t Au Eq over 14.7 m and;
     0.5 g/t Au Eq over 126.8 m.

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