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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

Post by shiftyoneon May 02, 2023 11:53pm
140 Views
Post# 35426661

Cash

Cash

They had just over $2 million Dec 31. With $800 000 plus in bills due.  Be generous and say they had 1.4 million. But they burn about $160 000 a month. This is May. 

So I figure as it stands. If they don't spend a penny except salaries rent etc. they can last 6 months. 

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