Maritime Resources Corp V.MAE

$30 million in cash Inflows

[nozzpack]

It's quite reasonable if not conservative leading up to late 2025 prior to commissioning of HD mine.

We have.

1...$8 million in rights funding

2...over $6 million from exercise of 7 cent warrants all held by the big boys

3...$2 million from exercise of 6 cent options

4...10.000 ounces of production @$3400 per ounce @50% net margin = +17 million cash flow

5..$2 million from sale of Abitibi assets

So up to $35 million or so in cash inflows which will pay for lots of new drilling while paying for stripping and grade control drilling of HD mine.

Plus the tolling agreement might surprise us..

GLTA

[shiftyone]

"It's quite reasonable if not conservative leading up to late 2025 prior to commissioning of HD mine. We have. 1...$8 million in rights funding 2...over $6 million from exercise of 7 cent warrants all held by the big boys 3...$2 million from exercise of 6 cent options 4...10.000 ounces of production @$3400 per ounce @50% net margin = +17 million cash flow 5..$2 million from sale of

[Ork]

Ya u nailed it Shifty-bad old mangment replaced with same- 2 steps on 3 back-lol the olde hammer should have been ready yrs ago, stripped & waiting for open pit mining-not even close

[nozzpack]

Look around you. Its littered with Junior gold explorers with over 1 m ounces like BRAU , RPX etc, trading in the low pennies because they do not have milling assets  and would cost $200 million or more in exhaustive dilution and debt to monetize their gold assets. Just look a Signal and its several million ounces trading as a penny....having sold its greatest assets including its  mill

[MAKEITBACK]

Yes, Nozzpack, "upon production" you say. That is the problem. What is holding back production, and why is it taking so long. The ingredients are all in place, but it would appear they are targetting a more than year out. Whatever funds we have should be targeted on the soonest production possible. I get the impression that they are delaying production, not accelerating it. We should be

[nozzpack]

You do realize that you cannot produce until permitting is complete. It was just 3-4 months ago that HD receuved its final permits. An updated FS is needed as we have a new mill and will drill and add more gold resources. That mill is now in the process of being upgraded to increase processing capability and gold recoveries And all of that requires money which we have not had in any quantity

[Rogg47]

Great post Shifty, these are facts, objective informations, not like the Pumper ones who clearly is paid to be optimistic!!.... Like many other Juniors, we have overpaid Management that just can't delivered (just like SGNL...)...  Like you already mentionned, this "deal" could have been done earlier at an higher price...  Management (still cashing their paychecks