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Maritime Resources Corp MRTMF


Primary Symbol: V.MAE

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 NineLiveson Nov 21, 2024 9:48am
51 Views
Post# 36323565

RE:The Real AISC is at Breakeven Price

RE:The Real AISC is at Breakeven Price Strong numbers Nozzpack, also interesting that just the annual free cash flow on those calculations is almost equal to MAE's market capitalization.

Another way of looking at it is the market capitalization is only pricing in the Pine Cove Mill infrastructure and totally ignoring the gold at Green Bay (Hammerdown, Orion, Muddy Shag, RumBullion) and Stog'er tight and all other infrastructure ect: (Too much to detail) 

If the markets were to wake up they'd see how undervalued this company really is.
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