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Bullboard - Stock Discussion Forum 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... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > New Corporate Presentation May 23 2024
View:
Post by nozzpack on May 24, 2024 2:53pm

New Corporate Presentation May 23 2024

Firefly is being mentioned more and more......Now it's stated that there are three mills in the region, including Firefky  Nugget Pond.

Also, the NPV5 of 2022 FS has been presented at $2300 POG
Its $210 million with an unbelivable 90% IRR.....the highest I have ever seen.

This is for a 5 year mine life .
The updated FS  will be for 10 year mine life, so the NPV 5 will more than double from $210 million ( fixed costs spread over 10 years instead of 5) to above $450 million ...very close to the Serbian PEA proxied estimate provided today ..
GLTA

 



https://wp-maritimeresourcescorp-2024.s3.ca-central-1.amazonaws.com/media/2024/05/23213917/2024-05-23-CP-MAE.pdf

Comment by nozzpack on May 25, 2024 6:29am
From another site.. " Maritime resources says they move pieces the second mill closer to the bigger one some day. dd The high grade Hammer(d)down(town) deposit is a go! This could crunch out higher profits than former Anaconda had as the grades should be sweet with Maritime's add! Also a huge stockpile of tailings with gold emerging. They also said more gold every quarter is the goal ...more  
Maritime Resources Corp