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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 nozzpackon Aug 17, 2024 6:30am
119 Views
Post# 36183934

Dundee’s Merger Tendency

Dundee’s Merger TendencyA good example is it's amalgamation of Reunion Gold with G mining, from which it made a small fortune.

Combining two companies with complementary assets can  substantially increase the value of the combined entity...which is the entire intent of the exercise .

There could be no better example than Firefky and Maritime.

The physical assets ......three mills all able to produce a copper-gold concentrate or gold concentrate ...consolidation of all assets to Point Rousse with its tailings ponds, large storage capacity and Deep Water Port.....installation of common efficiency equipment such as central ore sorter., crushers etc.....gold production offsetting the cyclical declines in copper prices....a TSX listing for Firefly....and the market cap heft to acquire significant other assets that can quickly add asset value.


Add operational efficiencies by a unified operation and its a marriage made in heaven.

Combined milling capacity would be 1 million tons per year........enabling Firefly to substantially incresase copper production from its newly drill defined high grade copper lodes while sustaining gold production by Maritime.

An alternative could be NFG merger but that lacks the all engrossing synergies that the merger with Firefly would have .

Just a thought..
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