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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... see more

Bullboard (TSXV:MAE)

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Post by nozzpackon Aug 08, 2024 12:25pm

Pit 278 of Stoger is fully permitted

It has 20,300 ounces in its Reseeves. Perhaps about 10-15 definition holes may be needed to allow the Geo technical model to more accurately spatially define the lodes of economic ore needed for ...more  
100
Post by nozzpackon Aug 08, 2024 11:56am

HammerDown is highest grade open pit in Canada

See Slide 12 in the link below.. If Equinox is correct, Maritime's HD mine ,..at 4.5 grams...will be the highest grade open pit gold mine when production begins in late 2025....cash costs are ...more  
105
Post by nozzpackon Aug 08, 2024 5:05am

Pine Cove Mill Upgrade

The recent mettalurgucal results were on the HD mine ore, conducted under various extracting scenarios by an independent expert . The Pine Cove mill was not involved. What  they found was ...more  
135
Post by shiftyoneon Aug 07, 2024 9:03pm

Less than 1 in a hundred of juniors ever become producers

I think this one is on the way out with this financing. I knew I should have sold at .065.  I even messaged one of the main posters that something didn't feel right.  But unfortunately ...more  
120
Comment by shiftyoneon Aug 07, 2024 8:56pm

RE:RE:Not quite finished yet. Sorry.

But, they have been working on the new FS for quite a long time I believe.  So that $ 800 000 cost is probably only half of that.  So let's say $400 000. A million to upgrade the mill.\ ...more  
71
Discussion
Comment by shiftyoneon Aug 07, 2024 8:47pm

RE:Not quite finished yet. Sorry.

Correction.   Not 1.5 million spent on drilling. $500 000 spent on drilling.   No other exploration mentioned. I guessing a million, so we will use 2 million, to upgrade the ...more  
56
Discussion
Post by shiftyoneon Aug 07, 2024 8:39pm

Not quite finished yet. Sorry.

Last November the CEO stated that it costs about $175 a meter to drill.  Including all costs.  Something like that. So $3000 meters is a half million of the 8 million spent on drilling and ...more  
112
Discussion
Post by shiftyoneon Aug 07, 2024 8:32pm

Management should take a pay cut of 33%

To coincide with the 33% cut in the offering price in the last 6 months for new shares. Too bad their compensation is not based on share price.   This offering really makes me gag.\\ I ...more  
91
Post by shiftyoneon Aug 07, 2024 8:27pm

Would it be awful?

If they diluted the shares by 40% at .034, and then in a month sign a toll mining agreement.  Which would have moved the shareprice to .10 easily.  When it was .065.  But they dilute at ...more  
93
Post by shiftyoneon Aug 07, 2024 7:44pm

Neither NFG or MNXNF are involved.

Neither NFG or Firefly are involved in this money raising.  Except for some rights that Firefly may get.  Why not? Are they just sitting back waiting for the company to fail and then come ...more  
100
Discussion
Comment by shiftyoneon Aug 07, 2024 7:27pm

RE:Nozz.... re:for someone who holds a boatload of shares.

ps.  the person who invested in a million shares,  they can make $400 off the transaction.  But if they bought the million shares at .04, or $40 000, but can sell them for .035.  ...more  
61
Discussion
Post by shiftyoneon Aug 07, 2024 7:22pm

Nozz.... re:for someone who holds a boatload of shares.

I must really misunderstand how this works.  Perhaps you could explain it. ============== "Lets take someone who bought 1 million shares today at 4 cents...investment is $40,000. That will ...more  
94
Discussion
Comment by nozzpackon Aug 07, 2024 6:55pm

RE:For anyone who has a boatload of shares....

This is a very good deal as it will end up getting us cash flowing from priduction well before HD  begins production. Lets take someone who bought 1 million shares today at 4 cents...investment ...more  
70
Discussion
Post by shiftyoneon Aug 07, 2024 6:28pm

MAE.RT

The rights will be there for 3 weeks.  What value will they have to sell the rights, if the shareprice is at  .035 bid.  The rights will be a joke on us, when you will be able to buy ...more  
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