Maritime Resources Corp V.MAE

CURRENT REVENUE COMPARISONS..FFM and MAE

[nozzpack]

Current Capacity, but needing a substantial refit, of the Nuggett Pond mills of FFM is stated to be 500,000 tons per Year.

At 2 % Copper, that's 10,000 tons per year which at the current copper price of $9000 US per ounce will produce $90 million US per year in gross revenues for FFM

Current Capacity of the Pine Cove Mill is 450000 tons per year which at 4.5 grams per ton of HD ore will produce 65,000 ounces.

At the current POG of $2690 US, the Pine Cove mill alone will generate $170 million US per year For MAE



This should be kept in mind for Any offer for MAE 

FFM current market cap is $485 million

MAE current market cap is $37 millin.

[nozzpack]

I get the impression that many investors consider Maritine to be little bo peep , easily ignored and kicked around. Nothing could be further than the truth. Even if FFM doubles its copper milling capacity to 20,000 tons of copper per year, it would still only match Maritime's gold production from HD milled exclusively by the Pine Cove mill. With a $30 million infusion , the Nuggett

[shiftyone]

Nozz,  when doing a comparison to firefly, there are few facts that should not be ignored. Firefly has about 80 years of production at 10 000 tonnes per year discovered already of copper.  Expect that to ramp up in the next 5 years or so to probably close to 10 times that. Firefly has the pickle ridge gold project, with 2.8 million ounces last reported, and going up, of gold at 7.2 g/t.

[nozzpack]

There is no way that FFM can ramp up to 100,000 tons over the next 5 years. They would need a massive increase in processing capacity which will come at great debt  and take much longer than 5 years to get permits, tailing ponds etc. It will need much higher grade than Ramblers 1.8% . We shall see in October how many tons over 2,5%  450,000 tons X 4,5 / 31 = 65,000 ounces per year