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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Bullboard Posts
Comment by MineNL1on Mar 24, 2020 10:04am
150 Views
Post# 30841240

RE:RE:RE:RE:"No Value", without a Mill

RE:RE:RE:RE:"No Value", without a MillSo the road is not really a huge issue.  Rambler has trucks already running concentrate past Hammerdown daily.  The trucking will be expensive but far cheaper then having to construct your own mill, and done by a contractor there would be minimal initial startup costs.  As for gold price we all know that gold prices are just starting to tick up with A long way to go up yet.   Maritimes website compares its economics to similar stage producers and explorers and relative market caps and the reality is this should be a 5-10 bagger and is extremely undervalued relative to its peers.  As usual this is a trend in Newfoundland because there have to date been no million plus ounce producers but that will change.  Were the Hammerdown deposit along the Cadillac fault with the same resource and deposit the stock would be trading well north of 50 cents.  As a Newfoundland investor I believe Hammerdown is a great investment and Newfoundlanders should be supporting this project.
Bullboard Posts