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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 shiftyoneon Mar 14, 2024 6:58pm
71 Views
Post# 35933836

Broken in pieces if sold

Broken in pieces if soldWhat would this company be worth?

Well,  Pointe Rousse is worth maybe $4 million.  (we can't say it's worth more than that.  I'm sure that Signal took the highest offer they could get after having it on the market for about 8 months).  And it did have more value to MAE than really anyone else.

Hammerdown,   they might get a couple of million for that.

The Pine Cove mill, maybe another  million or two.

Rest of NFLD rights... maybe a million

Lac Pelletier... that's been for sale for years and I'm confident that if someone had offered them a million dollars they would have sold it.

So it comes down to... this company isn't worth very much unless management can do something with it.

But for years.... it's always going to happen.

Tell us how it is going to happen please.
What Nozz has to say is terrific.  

I won't vent everyday.... but I really would like to hear from you, management.


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