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%).

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Maritime Resources Corp > News..MOX Gets Taken out at $250 per ounce of reserves

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Comment by DoumDiDoumon Nov 13, 2023 10:33am

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Post# 35731856

RE:News..MOX Gets Taken out at $250 per ounce of reserves

nozzpack wrote: Roughly $345 million in equity and assuming $400 m in debt, assuming that current cash can complete the project through production .

Also about 115% of after tax NAV.

Gives us a very good fix on what our price is likely to be...above my current $175 million cad

WOW!!! It means about 5 times our current market cap!!! A 5 baggers! Hey everybody, time to load the truck!

P.S. Please do your own due diligence as this is certainly not a financial advise.

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