Post by
nozzpack on Sep 25, 2024 4:57am
Maritime Could be producing gold for all of 2025
Production rate is about 35,000 tons per month which means that the current stockpiled ore will take about 4 months .......and they are still scrounging around for more.
This could get us into mid summer of 2025 when test mining of HD begins.
My previous post on bootstrapping mining rates of HD indicates that over 20,000 ounces could be produced including 5000 ounces of stockpiled ore.
My reference valuation stock is Jaguar Gold currently producing 65,000 ounces per year at a rekatively high cost , with a current market cap of $460 million .
Pro rata to 2025 MAE forecast production of 20,000 + ounces, Maritime would have a fair value of about $150 million on its 2025 production.
This would suggest a fair interim valuation on 2025 interim gold producti of about $0.17 per fully diluted current shares.
Jaguar has 780,000 ounces of Measured and Indicated and another 750,000 ounces of Inferred which values its gold resources at about $300 per ounce in the ground.