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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

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

Bullboard Posts
Comment by MineNL1on Mar 23, 2020 5:09pm
137 Views
Post# 30839328

RE:RE:"No Value", without a Mill

RE:RE:"No Value", without a Mill

     This thread about not having value because Maritime has no mill is foolish.  There are 2 gold mills in this region hungry for the high grade mill feed that Hammerdown can supply.   Building a mill would take a long time and a huge capital commitment and is not necessary.  I challenge anyone to find a better low cost high grade mine start-up with options like this 1-2 years from production.  

     There are allot of good options here.   So let's stop spinning those options as negatives.  Even Anaconda shareholders can see the immense value here;  which is why they attempted a hostile takeover.  Now that anaconda EA at Goldborrow has been denied/withdrawn Anaconda will likely go after it again.

Bullboard Posts