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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 > Multiple pits for Test Mining
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Post by nozzpack on Sep 23, 2024 9:45am

Multiple pits for Test Mining

Being fully permitted, Maritime can conduct test mining in as many areas of HD as possible , consistent with boot strapping the information needed for the FS.

Higher production...which can be capitalized ...means less upfront capital needed to fully produce HD.

So. 10,000 ounces might be an achievable boot strap if not more.

Thats $35 million in CAD plus perhaps another $15 millin in stockpile revenue for total interim revenues 
of about $50 million ..
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