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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 24, 2020 10:04am
167 Views
Post# 30841240

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

RE:RE:RE:RE:"No Value", without a MillSo the road is not really a huge issue.  Rambler has trucks already running concentrate past Hammerdown daily.  The trucking will be expensive but far cheaper then having to construct your own mill, and done by a contractor there would be minimal initial startup costs.  As for gold price we all know that gold prices are just starting to tick up with A long way to go up yet.   Maritimes website compares its economics to similar stage producers and explorers and relative market caps and the reality is this should be a 5-10 bagger and is extremely undervalued relative to its peers.  As usual this is a trend in Newfoundland because there have to date been no million plus ounce producers but that will change.  Were the Hammerdown deposit along the Cadillac fault with the same resource and deposit the stock would be trading well north of 50 cents.  As a Newfoundland investor I believe Hammerdown is a great investment and Newfoundlanders should be supporting this project.
Bullboard Posts