Maritime Resources Corp V.MAE

Gold is worth $55,000 per lb, Copper is worth $5.50 per lb

[nozzpack]

The ratio is gold is worth 1000 times more than copper.

Firefly has a market cap of $400 milllion
Maritime has a market cap of just over $21 million.

Firefly won't produce until 2026
It can be argued that the infrastructure value of Maritime is equivalent to that of Firefly.

20000 ounces of gold will generate $70 million in revenue
13 million lbs of copper will generate $70 million in revenue.

All of which makes Maritime vastly undervalued.

Wonder why the Sept Corporate Presentation has not yet appeared on the web site..

[Zibo510]

Been following this play for a long time, finally took a position, seems to be a lot of value for the current SP. 

[nozzpack]

There is no other Junior in the same class as Maritime. This extended period of silence and no CP yet for Sept might just be normal delay subsequent to having raised $8 million, but it might also be a Dundee strategic move..

[shiftyone]

lol.  Same strategy as they have had for years.  And they will be looking for big money again before you know it.  Hopefully they can actually do something.in a quicker manner.

[shiftyone]

Nozz... I guess I have the same wishes as you. But everyone of your posts are so fos that they could be ripped apart in a minute. ---------------------- (3121) ••• Post by nozzpackon Sep 18, 2024 12:54pm 63 Views  Post