Maritime Resources Corp V.MAE

Black Ridge has 18.5 % Copper Equivalent

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Black Ridge metal composities have been converted to copper equivalent per ton @4 per lb cad  using current goild ( $90 per gram ) and Silver prices ( $1 per gram  ).

This has been added to the Table in my recent post on Black Ridge .

Combined , Black Ridge assays convert to  a contained metal value of $1480 CAD per ton which converts to about 16.5 % copper equvalent grade....$1480/ $4 = 370 lbs of copper per ton divicded by 2000 lbs per ton =18.5 % copper equivalent grade.

This is among the highest in the world .

By contrast, Ming is about 3% copper equivalent 

Going back to the intent of the Good lord that high grade deposits  means low ore volumes , just 1 million tons of Black Ridge ore would be valued at $1.48 billion CAD ( 1 million tons ** $1480 ) .

Divide grades by 2 to be conservative and Black Ridge would stiil have an economic ore value of over $700 m .

Based on the geological model, Aero Mag Surveys and surficial sampling , I would judge our chances of at least 1 m tons deposit at 50 %.

Thats a 10 bagger by itself .

But, the drill bit can be a real pricc ..except that the drilling alone can add huge speculative value 

Sample #	Copper (% )	Gold ( gms/Ton	Silver( gms/ton
1	8.2	10	219
2	10.3	8.8	199
3	3.2	13.8	161
4	6.8	4.3	130
5	2.8	5.0	70
6	11.8	12.6	181
7	12.3	7.6	128
8	10.4	5.9	126
9	0.8	2.9	17
Average	7.4%	7.9 gms/ton	137 gms/ton
Value per ton ( CAD)	$640	$700	$140