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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

Comment by nozzpackon Mar 15, 2024 6:35am
83 Views
Post# 35934332

RE:Let's add up

RE:Let's add upWow.
You should sell with that kind of sentiment .
Lots of exploration gold stocks have retreated in price this past year....NFG , NKG etc because of the disconnect between POG and investor interest for AI etc.

SGNL despite its drilling results is a mere shadow of its January 2023 price

Gold producers have been much better such as GAU etc  because they don't have the forward capex costs of explorers associated with building processing mills and associated infrastructure such as miniing camps, tailings ponds etc.
MAE has all of its mining facilities and an operating mill and gold Reserves 

We have just received our full permits but lots going on behind the scenes .

Early cash flow opps are several .

What we need is much higher volumes and the NR that can spark such volumes ..
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