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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 therageron Jun 01, 2020 8:11am
161 Views
Post# 31095249

RE:RE:RE:RE:RE:JOKE JOKE. JOKE

RE:RE:RE:RE:RE:JOKE JOKE. JOKEEXACTLY my point NineLives.  The problem is that much of the $25 Million in dilutive financings has been spent on corporate overhead and little on advancing the project. The company's presentations do noy give any timelines for this supposed "clear path to cash flow".  The environmental studies take at least a year and have not even begun.  The permitting process will take a couple years minimum. The company wants us to believe that the Rambler mill is ready to go.  NO mention of the costs to retofit old junk and the time to get new permits to process ore from MAE.  That is years off as well.  Also, you can expect several more dilutive financings in the interim. Wow, i am so excited about this company and its near term prospects.  NOT!!!!
Bullboard Posts