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Mineral Mountain Resources Ltd. (MMV.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2600-0.0050 (-1.89%)
As of 2:48PM EDT. Market open.
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  • w
    william
    Why would anyone sale when shares were just purchase at .30, along with warrants exercised for over 2 million raise. I called the office There is additional release coming, (as stated in today’s release) a major drilling program about to start. Additional land purchased, airobonic was a great success, they have received permits/approval for multiple drilling locations. Makes no sense that any investor would want to sell. Everything in place to go after their massive gold target zones. Anyone selling now is making a mistake.
  • S
    Sammy Z
    Just posted closing of smaller raise, more news expected next week on their large drilling program.
  • S
    Sammy Z
    Do not sell this stock right now BIG MISTAKE. Management has now completed all they needed to do. Drilling will begin on major gold targets. Airbonic scanning completed, drilling permits are now in place. There is more news to come very soon, as mentioned in this release.
  • b
    brian
    Here’s another nice mess you’ve gotten me into....
  • R
    Rick
    I will give mgt until end of September..if they say and do nothing in the next four weeks then I will sell all my shares and move along...there are so
    many other fantastic miners...I don’t need this...I have six other fantastic miners that have gained 50%...this stock doesn’t move and doesn’t speak..I am now neutral..and actually getting upset...
  • J
    Josh
    Been watching this stock for a while now. I got out a few months ago as it had flatlined. Very curious to see it hasn’t gained anymore interest given the price of gold at the moment
  • S
    Soupy
    Another day of increased volume. 3 hrs into the trading day and it is just about double volume of a 3 month average.

    I agree with Sammy Z...news is coming.

    Add to that, Terrence Lyons who is the Chair of Board for Sprott Resources is also on Mineral Mountains Board of Directors, and finally after a long wait and many quiet days on the company the may be ready to release some big news.

    Here is hoping and happy it’s been and easy buy in for the past few months, as it sure seems like any news in the Precious Metals world sends stock prices up very fast.
  • w
    william
    why is anyone selling at a low price, when big news will be out. South Dakota opened up and drilling will be starting up. There has been updated website with more detailed updated results from all their previous drilling.
  • b
    brian
    Jonathan, the goal is discovery and approval for a mine. If won by MNRLF, the rights for deve will be sold, as MN is an exploration company, not a mining company. So the buyer is Baririck maybe. They have deep pockets and have experience in the Black Hills and can bring in a project. Your guess at a 30 year timeline is....off. There will be many opportunities for sp rise, and fall, and rise again. IF Nd WHEN discovery is deemed substantial and possibly of Homestake proportion becomes real, your investment will work. Shorten that timeline by 29 years.....
  • b
    brian
    Yes for sure, Sprott/Lyons would seem to be the bright lights here at the end of this. Results man, a large find, any day will do. Another key is we have 7500 acres of exploration rights, which we can hope are unrestricted, that is we have 100% access and control over what may be indicated in the ground. So, we have a marketable resource, with 100% control, and big players making offers....we are not a mining company. I do not know of another exploration company working in the Hills that controls acreage as we do. So we have it all, except, except the discovery news on the media....
  • G
    Givethanks
    So as we head into next weeks trading days (starting on Tuesday for those of us who live in the states) with the anticipation of "good" news, here are some interesting things on the old Homestake Gold mine that may help with the dreams of financial gains on this little venture: According to an old Wall Street Journal article, published back in September of 2000, the Homestake Mining Co. said that they were going to close the mine in 2001 after 124 years of digging for that elusive yellow metal, because of low gold prices and poor ore quality and high costs. Homestake said that their cash cost (cost to get the gold out of the ground and out of the oar) per ounce of gold in 1999 had been $192/ounce. The year 2000 was ending up at around $174/ounce and 2001 was expected to be around $168/ounce as they began to downsize and spend less on exploration. This mine ended up being 8,000 feet deep! That's a huge hole! (for you wonderful neighbors to the north - 8,000 feet is equal to 2,438 meters) And as William has said in earlier posts, Homestake mine produced over 40 million ounces of gold. The mine is now a tourist attraction near Lead, SD Next, steps in a Canadian mining company called Barrick Gold Corp of Toronto and buys Homestake in December of 2001. Barrick kept the mine "open" but mainly for a potential site for the National Science Foundation who wanted to build a deep underground laboratory, but costs for running water pumps and ventilation were costing $250,000/month, so Barrick closed the place down. In 2007, the NSF selected Homestake Mine for another lab and the University of California Berkeley is researching neutrinos and dark matter particles way deep underground. But no more gold mining. Ok, Barrick buys Homestake in a stock deal for $2.3 billion (U.S) announced in June 2001, consumated in December 2001. It was already one of the worlds largest gold producers in the world and adding Homestake would give Barrick a combined market capitalization of $9 billion (U.S.) It would make Barrick the second largest gold producer in the world - 10,000 employees on four continents. When this merger was announced, the price of Homestake Mining Company was $6.65/share. Barrick would exchange 0.53/share for each of Homestakes 263.3 million shares, meaning that the value of each Homestake share jumped to $8.71, a 31 percent premium and assume Homestakes long-term debt of $225 million. A gold analyst stated that Barrick got a bargain price for Homestake. When this was all taking place, the price of gold was around $275/ounce and Barrick Gold Corporation (GOLD) was trading at around $14.89/share. The two are now trading at around $1,555/ounce and $17.95 share. I find it interesting that as the price for an ounce of gold has stayed above $1,200/ounce since about August 2010 (except for about 10 months starting in March 2015) but Barrick hasn't done anything with their Homestake property. Maybe there are environmental concerns, the cost of getting all geared up is still prohibitive or maybe the South Dakota mining officials don't want them to start up... who knows, but I would think that certainly at $1,500+/ounce something has got to give. Maybe they are getting some good rent from the National Science guys. Now back to Mineral Mountain and what they are finding. If what William says is true, and Homestake was making their mine work in the 80's and 90's with the gold price averaging over those 20 years around $700/ounce, certainly a mining company could make it work at over $1,200/ounce and higher. I wonder if Barrick is following this whole operation and will buy out Mineral Mountain if the assayers number are solid, since Barrick is their next door neighbor and Canadian. Barrick certainly has the resources and the experience. $1,500/ounce is a far cry higher than when Barrick bought Homestake.
    Less
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  • b
    brian
    Rick, no short here, never, in 48 years of gambling. Since I live in the shadow of all the exploration, I can’t help but see the history here. I have 18k shares, which is either not enough or too many..... forever an optimist or I would not be in this thing.
  • C
    Chaplin
    @william what broker do you use to purchase shares in TSX-V:MMV? I’m thinking to use Barclays.
  • b
    brian
    Baker is bullish....page 8 shows some nice numbers....gold up $60 today.....and this thing is DOWN. Someone kindly explain....
  • a
    adrian
    I’m waiting to William, I’m going to sit down this weekend and do my Homework, I’m new at this investing but you seem to know what your talking about. Do companies really pay people to go on chat sites and lie to deceive the public.
  • A
    Artvoke
    If good drilling results any guesses what we could get up to? Held this stock for about a year now
  • S
    Sammy Z
    There is definitely news coming real soon, as roads have open to the areas, drilling companies finally going back to work. A large increase in price and share volume so something is cooking.
  • O
    Olz
    What’s happening?