MMMRF - Mammoth Resources Corp (Gold JV with Large Cap)

Discussion in 'Stock picks and trading strategies' started by goldismyfriend, Jul 27, 2020.

  1. MTH.V Due Diligence Report
    Price:$0.045
    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

    Website: http://www.mammothresources.ca/
    Recent Company Presentation(July 2020): http://www.mammothresources.ca/i/pdf/Mammoth-Corporate-Presentation.pdf
    Recent Fact Sheet(July 2020): http://www.mammothresources.ca/i/pdf/factsheet.pdf

    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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