Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 nozzpackon Apr 11, 2024 7:47pm
74 Views
Post# 35984549

RE:Not much action on the stock after the NR

RE:Not much action on the stock after the NRLiquidity is lite in this sector generally.
However, management here are doing a great job of extracting and squeezing cash flows from sources that I had not even considered when I invested here.

It now seems reasonable to expect perhaps 10,000 to 15000 ounces of gold being produced this year from what might be considered waste assets ignored by Signal and most juniors .

That's $30+ million that I had not expected .

These are low cost high margin revenue generators 
Indeed, if they can get pit 278 grade controlled and stripped, that will add over 20,000 ounces more.

I am quite surprised but very happy that we are already self funding ....

POG is once again on a year .

At some point , robust cash flows by  gold producers will get their day in the sun,l
<< Previous
Bullboard Posts
Next >>