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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 > SCP 2023 Research Report on MAE…$0.16 Target
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Post by nozzpack on Sep 23, 2024 6:13pm

SCP 2023 Research Report on MAE…$0.16 Target

We are still covered by SCP so an updated report can be expected...time uncertain.
The report in the link below rates it a buy , reflecting the acquisition of the Pine Cove mill but not the gold resources acquired.
Based on 0.70 times the discounted NAV of the 2022 FS @$1850 POG, the target was $0.16 per share. 


At current POG, the discounted 2022 FS NAV would be about  $ 250  m.

Looking foreward, with a mine life of 8 years or greater instead of just 5 years, and LOM production of 400,000 ounces or more, the Discounted NAV would be of the order of  $450 million to $500 million , giving us a target fair value at 0.70 times discounted NAV  of about $0.30 ..




https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/230824-scp-mae-pointrousse.pdf

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