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 > Proxies Updated FS After tax NPV5

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Dec 19, 2024 5:32am

59 Views

Post# 36369645

RE:RE:Proxies Updated FS After tax NPV5

The mill will cost $379 million US....about $500 million in CAD....not cheap for 120,000 ounces per year
production.

But, as Pine Cove can produce 75,000 ounces per year of HD at 4.5 grams , it's gets a replacement rating of about $300 million cad.

We ain't going cheap especially with the extra mill at Nuggett Pond ....and the Deep Water Port.

Ad nauseum, no othe Junior gold comes even within a whisker of our asset value and its productivity potential...and we have the ounces to realize that potential ....and hegemonic strangle hold on the development of other gold projects in NL.

Lawdy, Lawdy, dat shifty sure likes to stir up a spit storm ..lol

<< Previous

Bullboard Posts

Next >>

Eminent acquires promising Nevada gold project