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%).

TSXV:MAE - Post by User

Maritime Resources Corp

Bullboard Posts

Post by thegoldenchildon Apr 22, 2006 11:17pm

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Post# 10731545

MAE Evaluation

Just read an evaluation of MAE from some analyst. They value MAE at 75$/OZ or roughly. I don't know what business school these guys went to. If we take 10M OZ @ 630$, I get 6.3B resource. What's total cost to produce this? 250$/OZ? or 2.5B, I still see 3.8B/200M shARES WE GET 19$/SHARE. Now if we assume that they continue their succes and and find more resources, 15M ounces let's say, we have 28$/share. Can anyone tell me if a 800M evaluation or 4.5$/share is exaggerated? I don't think so. This a the next major Gold company in Canada, ripe for a take over! Good luck to all!

Bullboard Posts

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