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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 Aug 18, 2024 2:04pm
59 Views
Post# 36185026

RE:RE:RE:Be careful what you wish for

RE:RE:RE:Be careful what you wish for My apologies if that is the case.
Consolidation without real assets is always the same , as there is nothing to consolidate.

Acquiring assets by juniors is by equity dilution, so at some point, depending on the rate of asset development  they have to consolidate to raise funds.

This is not the case here , as the asset base relative to the market cap is the best of any emerging gold  that I am aware of...uniquely having its own mining facilitues..
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