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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 > US Banking Report Tommorow
View:
Post by nozzpack on Mar 06, 2024 4:55pm

US Banking Report Tommorow

POG closed at $2154 today .

Banking issues may be exposed in the US banking report tommorow which might see further gains in POG.

High grade open pit gold deposits are in premium demand as there are few left and they are far cheaper to develop , to mine and very high gross margins .

90% of the worlds gold is produced via the more expensive underground mines in which mining costs are 10 times higher per ton.
 

Area 278 of Stoger Tight is permitted for mining.
Grade is 2.78 grans per ton..above open pit average grades .

At what POG Will MAE decide to resume mining Stoger ..

How Will high POG accelerate the mining of the Pine cove tailings gold ?

Comment by MAKEITBACK on Mar 07, 2024 9:20am
More important, when can they start mining Hammerdown?