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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

Comment by tdsbon Nov 01, 2023 7:30pm
85 Views
Post# 35712422

RE:My Impression

RE:My ImpressionThis company has a big target on its back and it say's TAKEOVER. New Found Gold has probably thirty to forty million ounces of gold once their deposit is proven up and they will want a mill to feed their resource rich property. With inflation these days building a new mill could cost upwards of $500 million. The market cap of Maritime Resources is peanuts, maybe $24 million at today's price. This company is a sitting duck! QUACK, QUACK! Cheers! NFG can feed the monster that it is by trucking their ore to Maritime's mill. LOL!
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