TSX-V:MRO, OTCQX: MLRKF
Premier Project Generator - Alaska and Arizona
Business Model:
-
Project Generator – Joint Venture Model.
-
Excellent leverage for shareholders.
-
Early-stage exploration discovery specialists.
-
Focus on copper porphyries and pluton-related gold deposits.
-
Concentration on Alaska and Arizona
-
Millrock seeks to create value for its shareholders by making discoveries of giant ore bodies that it will sell to major mining corporations.
-
Cash flow positive, sustainable exploration company
-
Millrock intends to emulate the success of one of the greatest Project Generator companies of all time - Altius Minerals.
Current Joint Venture Partners
-
Six working partners secured to finance exploration
-
Vale, Teck, Altius, Inmet, Kinross, and Crescent
-
Partnerships have combined to fund over $24M in exploration by the end of 2011.
-
Partners will fund an additional $10.2M in exploration in 2012.
Share Structure (June 2012):
-
Cash: $3.2M/$12M fully diluted
-
~70 million shares outstanding, 87 million fully diluted
-
Management & Insiders
-
Altius
-
Kinross
-
Teck
-
'Strong Hands'
|
10%
10%
6%
3%
25% |
-
Cash-flow from option payments, the exercise of warrants, and management fees.
-
Current share price: $0.22
-
12 month low/high: $0.15/$0.73
-
Volume (90-day average): 50,800 shares
Types of Projects:
-
Alaska - Nine gold, copper-gold projects.
-
Arizona - Four copper-gold projects.
-
Early stage exploration targeting deposit models and types that can make a difference to the bottom line of major mining companies.
Management:
-
Greg Beischer - President and Chief Executive Officer
Geologist & mining engineer with Inco; worked for the Alaska Native Corporations where he grew excellent relationships with Native companies in Alaska.
-
Phil St. George – Chief Exploration Officer
Leading Geologist; discovered Pebble (billions of pounds of copper and over 107million ounces of gold); helped grow Donlin Creek from 2M - 25M ounces of gold.
-
Sarah Whicker – Chief Operating Officer
Environmental Scientist & COO of operating subsidiary; works with residents,
stakeholders, the Native corporations, and municipal and state governments to create support for mining development.
Corporate Contact:
Gregory A. Beischer
President & CEO
Millrock Resources Inc.
604-638-3164
info@millrockresources.com
www.millrockresources.com
TSX-V: MRO
OTCQX: MLRKF
