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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. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. 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 also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Post by nozzpackon Apr 15, 2024 8:12am
119 Views
Post# 35988927

Production Increases Valuation by many Multiples..Example

Production Increases Valuation by many Multiples..Example

Bellevue Gold is listed on the ASX with a market cap of $2,4 billion...see link below

It is in the early stages of ramping up production of its Bellevue project towards 170,000 ounces per year.
It's market cap has exploded since.

Bellevue is an excellent example among many others of just how much production boosts the market cap and valuation multiple,  relative to an exploration play lacking a MRE and unstated production timeline.

Reserves are 1.34 m tons and Resources including Inferred of 3.1 m tons at an average grade of 9.9 grams per ton.

It is highly rated by analysts because of its ability to move quickly and efficiently from discovery to production ( 4 years ) 

It is also the parent company of Firefly which now owns the Ming copper mine on the Baie Verte Peninsula..

Note though how early production has boosted its 3,1 m ounce resources to $800 market  cap  per ounce and its 1.34 m ounce reserves to nearly $1700 market cap per ounce .

We have over 500,000 ounces in MRE gold rrsources which @$800 per ounce would value us at $400 million once production begins .
We have 272,000 ounces of gold reserves which @$1700 per ounce would value us at over $400 million once production begins .

Incipient production has begun ....its eventual interim volumes prior to HD in mid 2025 is still evolving ....



https://wcsecure.weblink.com.au/pdf/BGL/02786335.pdf

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