Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by DoumDiDoumon Nov 08, 2023 11:35am
61 Views
Post# 35723756

RE:Hi DDD

RE:Hi DDDThanks tdsb for the precisions. I did not sell my position yet because of NFG involvement. But there are still a lot of questions to be answered and I do not think all the speculations brought by Nozzpack are answering them.

What will happen with Hammerdown? Will NFG share the mill? And how this will impact the Feasibility  Study for Hammerdown (please Nozzpack do not bring back of the napkin calculations)?

Beeing a toll miner puts you in a position where you assume all the risks for milling. While you process your client's ore, you do not process yours. So how will MAE go ahead with their own development? Will they be a toll mining company now? If so, how the market will assess the company if they do not develop their own ore?

All good questions that management (not Nozzpack) needs to answer. And I will not get excited before I have solid answers for them.
<< Previous
Bullboard Posts
Next >>