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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum
Maritime Resources Corp
V.MAE
Alternate Symbol(s):
MRTMF
Metals & Mining
Gold
Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. 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 controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).
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Bullboard (TSXV:MAE)
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(481)
•••
shiftyone
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Comment by
shiftyone
on Oct 17, 2024 5:10pm
RE:RE:RE:RE:RE:Purposeful Delay in Share Consolidation ?
I'm not so sure about the FS question being answered. The last financing, part of the monies were supposed to be used for a new FS for early in 2025. I don't know that you can go to a lender
...more
(783)
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NineLives
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Comment by
NineLives
on Oct 17, 2024 4:55pm
RE:RE:RE:RE:Purposeful Delay in Share Consolidation ?
I see below Nozzpack has answered the FS question, all good.
Star Diamond Corporation Announces Third Quarter 2024 Results
posted Nov 14, 2024 9:00am by
Star Diamond Corp
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Adjusting for $1.0 million in non-cash charges during the current period, the increase in net loss, period over period, was due primarily to increased exploration ...read more
(783)
•••
NineLives
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Comment by
NineLives
on Oct 17, 2024 4:52pm
RE:RE:RE:RE:Purposeful Delay in Share Consolidation ?
Shiftyone, that was started exactly a year ago, apologise as I thought it was completed. It should have been by now ? Yes ? Nozzpack, regarding LAB that's way too many irons in the fire, sure
...more
(3453)
•••
nozzpack
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Comment by
nozzpack
on Oct 17, 2024 4:42pm
RE:RE:RE:Purposeful Delay in Share Consolidation ?
That is the plan as stated in the new CP. There is no need of a new FS for the HD mine. We have already a FS whose capex is now considerably reduced by direct shipping ore to our fully updated Pine
...more
(3453)
•••
nozzpack
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Comment by
nozzpack
on Oct 17, 2024 4:31pm
RE:RE:Purposeful Delay in Share Consolidation ?
Management of LAB have no voting control of the shares. They do not have the voting power to decide anything . And, they have been very conservative in their budgetary expenditures as purely
...more
(481)
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shiftyone
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Comment by
shiftyone
on Oct 17, 2024 4:00pm
RE:RE:RE:Purposeful Delay in Share Consolidation ?
Won't they need the new FS before they can raise the funds for HD?
(277)
•••
Zibo510
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Comment by
Zibo510
on Oct 17, 2024 3:20pm
RE:RE:Purposeful Delay in Share Consolidation ?
I agree, get the mill going, start processing the tailings, put everything else on hold and throw all efforts at Hammerdown immediately, process tailings @ 1g/t and have high grade 4.5 g/t Hammerdown
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(783)
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NineLives
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Comment by
NineLives
on Oct 17, 2024 2:41pm
RE:Purposeful Delay in Share Consolidation ?
With all due respect I don't think MAE should go anywhere near LAB. Management over there are in it for themselves and would be quite hard to push out. Especially they now have an endless trough
...more
(68)
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colt45acp
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Comment by
colt45acp
on Oct 17, 2024 11:54am
RE:Gold Breaks Through $2700 US = $3750 in CAD
3000 usd gold maybe before end 2025. I said a while back 2750 before end of 2024.
(3453)
•••
nozzpack
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Post by
nozzpack
on Oct 17, 2024 11:41am
Gold Breaks Through $2700 US = $3750 in CAD
No one knows how high it will go but $3000 US at exit 2024 does not seem unreasonable..
(68)
•••
colt45acp
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Comment by
colt45acp
on Oct 17, 2024 7:57am
RE:Purposeful Delay in Share Consolidation ?
dO YOU THINK THEY WILL OR WILL NOT NEWS RELEASE the R/S DATE.?
(3453)
•••
nozzpack
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Post by
nozzpack
on Oct 17, 2024 6:30am
Purposeful Delay in Share Consolidation ?
I can see no reason for such a delay as it's benefits are obvious. It is approved, so why wait ? A takeover would be a straight up deal either for cash or more likely equity based. That
...more
(3453)
•••
nozzpack
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Comment by
nozzpack
on Oct 16, 2024 5:22pm
RE:RE:Updated Free Cash Flows for HD mine
You do realize that V Lake has an average grade of just 1,6 grams per ton , Lynne Lake about the same and that these grades are normal for open pits . Note also extended intercepts at much higher
...more
(277)
•••
Zibo510
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Comment by
Zibo510
on Oct 16, 2024 12:48pm
RE:Updated Free Cash Flows for HD mine
Right on Nozzpack. An AU open pit with 1.5 g/t vs HD @ 4.5 g/t Has to excavate 3x the ore, truck 3x, process 3x ore and deal with 3x waste material to produce the same amount of AU as HD
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