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%).

TSXV:MAE - Post by User

Maritime Resources Corp

<< Previous

Bullboard Posts

Next >>

Post by nozzpackon Nov 22, 2024 7:13am

143 Views

Post# 36325427

Maritime has Lowest AISC

See the link below which provides 2024 gold production statistics for 25 selected gold stocks.

The lowest is $968 US.

HD was $917 US in 2022

Note also the on average AISC declined from 2023 to 2024.

This Decline in AISC of course will be much more accentuated for Maritime by at least $150 million US
because of the acquisition of the Pine Cove mill etc as already discussed on this BOD.

I built my position in this little gem , after my analyses showed high probability of a 10 bagger which would be about $0.40 per share .

Since then , the asset development opportunitues have greatly expanded while the POG has increased by over $700 US per ounce, and while $0.40 seems eminiently achievable , my sights are now being elevated to the possibility of a 15 bagger .

AIMHO

GLTA