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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 Zibo510on Oct 16, 2024 12:48pm
61 Views
Post# 36268415

RE:Updated Free Cash Flows for HD mine

RE:Updated Free Cash Flows for HD mineRight on Nozzpack. 

An AU open pit with 1.5 g/t  vs HD @ 4.5 g/t

Has to excavate 3x the ore, truck 3x, process 3x ore and deal with 3x waste material to produce the same amount of AU as HD.

This extraordinary savings is unreal, I don't believe the market is currently recognizing this, but soon will. 
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