Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sep 26, 2024 5:43pm
54 Views
Post# 36243122

RE:CURRENT REVENUE COMPARISONS..FFM and MAE

RE:CURRENT REVENUE COMPARISONS..FFM and MAE

I get the impression that many investors consider Maritine to be little bo peep , easily ignored and kicked around.

Nothing could be further than the truth.

Even if FFM doubles its copper milling capacity to 20,000 tons of copper per year, it would still only match Maritime's gold production from HD milled exclusively by the Pine Cove mill.

With a $30 million infusion , the Nuggett Pond mill would add another 250,000 ton milling capacity .

I am not arguing against a merger with FFM.
It is an excellent combination .
I would vote for it especialy as Bellevue gold backs FFM

But, we are not going into such a merger on bended knee.

We can offer as much if not more than we can receive in reciprocity from FFM , as my statistics show.

It is a case where 1 + 1 equals 3.

MAE plus FFM by virtue of $500 million cad in annual revenues ,  over 1 million tons per year of flexible milling capacity, their own mining and transport teams, deep water Ports ( 2 )  plus dozens of growth projects, would have the heft to buy out controlling ownership of NFG which, imo, is led by inferior management .

In short, we are fully in charge of our destiny to exceptional wealth.

All based on sound economic facts and strategic imperatives .

GLTA





 

<< Previous
Bullboard Posts
Next >>