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Wednesday, September 15, 2010

New Pick! Mineral Mountain Resources MMV.V

I came across this company and really think it could be a big winner. One good rule in investing is to follow management that has a track record and one such person that has a had a great track record of late is Nelson Baker. The former President and CEO of the highly successful Rainy River Resources (which I have followed since I started The Western Investor on Stockhouse 4 years ago) is at it again. You knew Nelson wasn't going to be idle for long and the guy that took Rainy River from a .50 cent small cap exploration company in late 2005 and turned it into the 600M+ market cap company it is today is going to try and do it again. This time in the Kootenay's in BC.

Nelson retires from RR at the end of June, takes a month off, I presume to pat himself on the back and then promptly accepts a position at Mountain Mineral Resources as President and CEO. Now there is not too much information on the property available to go on accept for a fact sheet and a 25 page PDF on the company website, but if Nelson Baker thinks this project has merit and is worthy of being a flagship property then I am willing to follow Nelson into the Kootenay's. He was the man responsible for bringing the Rainy River project to Rainy River Resources, which so far is at least a 5M oz discovery, so this guy has an eye for finding the gems.

If Nelson is basically jumping ship from Rainy River for Mountain Mineral Resources... they have to have something extremely prospective. I am willing to bet that Nelson will again turn nothing into something again. The land position is very prospective for precious metals and has received very little modern exploration. Only 8 shallow holes have been drilled on the property that has over 200 mineral occurrences. Past mining a century ago on the property averaged ore worth $3400 in today's prices, so there is certainly a lot to be excited about. The property has yielded silver grades as high as 1200 g/t in viens from 1 to 1o meters wide and gold grades as high as 12 g/t in rock samples.

Watch MMV.V very closely as this one is certainly worth nibble on the track record of Nelson Baker alone.

View presentation and fact sheet below.


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1 comment:

  1. AaronSeptember 17, 2010 at 7:01 AM

    MMV.V definitely looks promising. I will definitely pick up some shares, just figuring out timing.

    To return the favor, what do you think of the CDB.V Cloudbreak Resources? There has been some posts about it being pumped heavily earlier in the year, but it has great property locations, and seems to me on first glance to be a great value. But, I don't know about the management, which in the latest press release seems to be turning over. Even so, even idiots can screw up a good thing. I took a small position just to see what happens in the next couple months, especially after the shareholder meeting in Oct.

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