Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

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%).

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Maritime Resources Corp > Gold is worth $55,000 per lb, Copper is worth $5.50 per lb

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Comment by shiftyoneon Sep 18, 2024 10:23pm

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Post# 36230296

RE:Gold is worth $55,000 per lb, Copper is worth $5.50 per lb

Nozz... I guess I have the same wishes as you.

But everyone of your posts are so fos that they could be ripped apart in a minute.

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Post by nozzpackon Sep 18, 2024 12:54pm

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Post# 36229261

Gold is worth $55,000 per lb, Copper is worth $5.50 per lb

The ratio is gold is worth 1000 times more than copper.

Firefly has a market cap of $400 milllion
Maritime has a market cap of just over $21 million.

Firefly won't produce until 2026
It can be argued that the infrastructure value of Maritime is equivalent to that of Firefly.

20000 ounces of gold will generate $70 million in revenue
13 million lbs of copper will generate $70 million in revenue.

All of which makes Maritime vastly undervalued.

Wonder why the Sept Corporate Presentation has not yet appeared on the web site..

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