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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 > POG at $2512 and rising
View:
Post by nozzpack on Aug 02, 2024 10:20am

POG at $2512 and rising

At some point, the POG will make every available ounce very profitable to mine .

For example , a portion of the Stoger project is fully permitted for development and the remaining permitting is expected to be completed by 2025. 


However, only grade control remains to be done for the fully permitted portion containing about 20,000 ounces .

Given the very rich grade of that portion , POG over $2500 US, and being a stones throw from the mill, it's just a matter of time for them to excavate and direct ship Stoger ore to the mill.

Indeed, the statement in the July CP states quite clearly the option of processing direct shipped ore......

This would also apply to initiating dry dredging of the high grade tailings in Tailing Pond #2 which is just across the road from the Pine Cove mill.....dredge and pump .

One never knows what news will be forth coming once the consolidation is effective , late next week..

Comment by colt45acp on Aug 03, 2024 9:56am
Nozz your are very smart guy wish you the best. Getting out off this fixed game of penny stocks. Even give you some credit. Sold most of my positionS and put it into MAE.( by the way i am from N S BUT LIKE iRISH WHISKEY) pUTTING MONEY IN GOLD AND SILVER.  Too much trouble in the future, less if we vote Lairdeau out. glta
Comment by nozzpack on Aug 04, 2024 10:36am
You got that right. Love NS and visit it regularly especially those lovely communities all the way down the Atlantic shore to  Lunenberg and beyond. My wife is from Halifax , so she still have a few surviving relatives there. Take care  Nozz