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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 nozzpackon Dec 15, 2024 2:12pm
58 Views
Post# 36363224

RE:RE:RE:RE:RE:Sad state of affairs

RE:RE:RE:RE:RE:Sad state of affairsAbsolutely .
CEOs are not great promoters and even then, only after they have demonstrated to the investment community their ability to make money and wisely invest that money to make more money.

I like everything I see about Firefky but especially their ability to aggressively promote their assets from which they keep raising funds at higher and higher prices which are then invested in resource expansion .

Although we are able to see the skein outline of Maritime's planned developments, they have yet to detail their strategic plan going forward beyond the current project .

Part of this is due to our very recent entry as a major mining infrastructure company in NL ......consequential to the acquisition of Point Rousse.

Beyond HD resumption , then what ?

Such as....Growth Objectives 

....consolidation by merger or acquisition advanced gold assets in the NL Region that advance our production profile 

....establishment of a tailings reclamation and reprocessing subsidiary for the NL Region...as a Spin out 
to shareholders

....Diversitifucation of our revenue streams by aggressively drilling our many polymetalic projects such as Black Ridge high grade copper + , Whistler Valley , contigous copper potential , Talc based aggregates etc 

....Expansion and diversification of the Point Rousse Facilitues including the Export/ Import potential of the Deep Water Port

....long term production objectives ( Tier 1) 

...shareholder enrichment by dividends from excess cash flows 

And so on .

We have to move away from thinking piecemeal small .....which has been done very well by asset accretion....to the grander strategy of building a great Company .

As a producer with Reserves, we now   qualify for a listing on the TSE much like Firefky is now doing ...and so should we.....and consolidate right away so that funds can buy in , expanding our institutional share holder base.

This gets us much greater heft and investor respect  than this  corrupt Venture exchange.

I am sure that there are other considerations and that some of mine require  dollops of reality  but the idea is to think big with well thought out but cautious planning .

BTW, WTF is Dundee doing ?
Not a peep for several months.

AIMHO

GLTA




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