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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

Post by tdsbon Nov 05, 2023 7:17am
151 Views
Post# 35718139

The Business Model

The Business ModelThere are a lot of big investors who hold stock in this micro cap junior. One you might or might not know about is Jayant Bhandari, I believe he holds a large number of shares, he is an independent advisor for investment companies. Some of the posters here one in particular (NP) understands this stock very well. My question is what is their business model what are they trying to achieve, they obviously have a lock on production mills. Is Maritime holding out for the big payout, by owning the ability to extract and refine the gold in the Baie Verte and surrounding Mining District. Do they really think that their gold properties have enough potential to warrant two mills or are they just being smart by cornering a very important part of the exraction and refining process only to sell out later in a takeover bid. They blocked a bid by Anaconda so they obviously have the ability to thwart an aggressor, but Anaconda didn't have deep pockets like NFG will have. Cheers!
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