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Millrock Resources Inc. (MRO.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0550-0.0050 (-8.33%)
As of 09:30AM EST. Market open.
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  • R
    Russel Kennel
    @A: Thanks for your perspective. I'm in exactly the same boat with positions in all three - EMX, RVSDF, and Millrock. Trusting multiple layers of geologic expertise to know where resources are located. Still a speculation though.

    Found a 2010 reference giving a $12.6 market cap to Millrock. So, in 10 years, their market cap has gone nowhere. Surely they have accomplished something in 10 years. But not enough to be monetized in the marketplace. CEO just said he hopes to deliver a nice Xmas present to investors this year based on drilling results in progress.
  • S
    Stinkerton
    Time to buy. Good news coming. Partner company resolution minerals shared this: https://www.resolutionminerals.com/investor-center/june-24-drilling-update-for-64north-project-alaska/
  • S
    Stinkerton
    It is positive to see new resistance levels forming at $0.25 + for MRO.V. Looking forward to some news from Millrock.
  • A
    A
    The CEO is certainly a believer. He has been buying nonstop on the open market and recently acquired another 100K shares. Makes me want to consider adding to my position. Limited downside risk. My hesitation is that this recent selloff has made sure things much less costly...so the question is whether to buy fewer shares in a sure thing or a large number of shares in a more speculative play with the potential for xmultiple returns immediately rather than high percentage gains over the longer term?
  • P
    Per
    I bought 360 000 shares at 1,35 cad. I think the dip from the drilling results was an overreaction.
  • S
    Stinkerton
    Buying more at current price. I expect positive results with ongoing drilling. The area is stacked with gold deposits.
  • J
    Jim
    Nice BREAKOUT from recent bottom in the one month chart. Could this be a turn around
    from the lows. This junior prospect generator can easily become the hidden gem we’ve been looking for. I am looking for good news following recent developments. The time to move is now!
  • S
    Stinkerton
    Some exciting news is on the horizon
  • S
    SMerm
    Sounds promising. Can this thing start going back up.
  • A
    A
    Reading the tea leaves on Millrock: Yes we are all waiting for results in MLRKF's recent holes 3 & 4, which are being analyzed now but I think that the real hole we must be interested in is the one they just began, #5. What I think has happened, and I'll tell you why, is that holes 3 & 4 did not come up with the bonanza we all want them to have found.
    I hope I'm wrong, and I have no idea if I am correct, I believe this explains the big pop in volume that occurred two weeks ago resulting in a decline of around 15% in the share price...in my imagination a big shareholder(s) decided to take profits at around $.19 rather than wait for results from hole 5, which just commenced.
    It is possible that the company really does not know what holes 3 & 4 yielded and are awaiting the assay, but I think that experienced drillers and geologists can tell just by looking at a core sample whether they have hit pay dirt....not in a low grade, high tonnage open pit scenario obviously, but in high grade trend such as the company is trying to find with Resolution.
    Obviously, I have no idea nor anything to inform me other than that big slug of shares that traded the price down and the fact that the assay results are not now expected to be released until late september.....I hope that I am wrong and that a huge discovery in holes 3 & 4 is going to be announced within the week.
    Even with this, decided to add to my position this week because it appears to me that the downside risk is miniscule while the upside potential is enormous.
  • S
    Stinkerton
    I think there is big news on the horizon... don’t miss out. I am not pumping this. Watch what happens
  • A
    A
    Well, boys, it appears as though they have found something. It is my belief that there was some question whether Resolution could and would carry on the program. I believe the question was up in the air until drill results came in on the last two holes. Obviously, the company is still awaiting core analysis but all of the road construction and drill plans indicate to me that these guys believe they are on to something.
    We shall see...fingers crossed.
  • R
    Russel Kennel
    Why can't Milrock find anything with all their geological expertise? Long list of other explorers with big deposits found all over the globe whose stock is up, while Miilrock sits there with nothing.- stock in the tank!
  • N
    Nezar
    Drilling results not negative, just not conclusive because first drillers didn’t drill deep enough. Why the negative sentiment in stock movement today?
  • S
    Stinkerton
    I added 25,000 more shares today
  • R
    Russel Kennel
    Dave Kranzler (PM developer Newsletter, stockholder) has interesting YouTube interview discussing disappointing performance and prospects, but remains hopeful.

    Solid, serious people behind this, but many (expensive) holes needed to locate resources they are sure must be there somewhere.
  • S
    Stinkerton
    Buy now the drilling results are showing positive signs
  • A
    A
    Congratulataions. I think that Resolution may have found gold. In fact, I feel pretty certain that they've struck gold. The question is how rich the strike is.
    Here's what looks good: Hole 7. It appears as though Hole 7 hit the quartz vein the company has been seeking. It intersected approx. 22 feet, and that specific section is being assayed at present.
    Here's why I believe they found gold: The company is already prepared to make hole from the same pad in order to explore the extent of that vein prospect. This indicates to me that they know they have something good.
    Here's what's bad: The absence of a mention of Hole 6 indicates that not much good was seen from that core.

    It feels to me as though the company is finally on to something good. The question is how big?
  • S
    Stinkerton
    Great stock and management team. Get in now
  • P
    Paul
    If I had more free cash I would have went all in.
    Massive upside in coming months in my humble opinion!
    GLTA