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 > Good Proxy for Going Price of Gold in the ground

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Comment by nozzpackon Dec 03, 2024 2:57am

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Post# 36342065

RE:Good Proxy for Going Price of Gold in the ground

Mae has 680,000 ounces of gold in the Measured, Indicated and Inferred categories.

Based on the DeGrey buyout value of $345 CAD per ounce of those combined categories in the ground, those ounces have a value of $225 million .

Its much more than that as we have the mills and mining infrastructure to convert those ounces in the ground to cash inflows.

Aligning our share price with hard asset value should be of the highest priority as we are grossly undervalued ..

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