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Bullboard - Stock Discussion Forum 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... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > Gold Processing Mills Capex Costs
View:
Post by nozzpack on Oct 26, 2023 5:42am

Gold Processing Mills Capex Costs

Two examples show not only just how valuable our two mills are but what an exceptional deal management got.

Signal Feasability for GoldBoro Deposit 2022......milling plant and supporting infrastructure $271 million for 100,000 ounces per year and mostly funded by debt

Marathon Feasability for Vakentine Lake 2022 ..$474 million for 196,000 ounces per year...currentky being updated for more capex.,,..and huge debt

We don't even to have crew camps at Point Rousse as Kings cove supplies our workers .

So, mining asset wise for processing gold, we have about $150 million in net asset value $ 0.25 ) and only $5 m in debt
Comment by Macpoor on Oct 26, 2023 5:57am
Mae traded over 1 million shares yesterday! I think after Mac's interview 2 weeks ago, there are signs that show retail investors are jumping on bandwagon! Hope we have a green Chirstmas this year!
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