Maritime Resources Corp V.MAE

The Basis For Scoping Updated FS NPV

[nozzpack]

From the current CP ....

 

" 128M NPV @ US$1850/oz, $273M NPV @ US$2700/oz spot gold price (113% IRR)

50k oz annual gold production, $75M initial capex prior to Pine Cove mill acquisition (lower capex) "

Lets See How that would rise with current knowledge ..

Capex definitely reduced by $ 40 million due to no need to upgrade Nuggett Pond Mill and No high tech ore separator

Bootstrapping the cost of reopening HD by early mining plus fund flows from stockpiles etc....$20 million savings 

Higher recovery of Pine Cove Mill ...at least $15 million increase in net gold recovery. 

In Summary, high probability that capex for HD will be reduced to near zero...let's say to $15 million .

This will remove $60 milllion in capex which is amortized over the 5 year mine life in 2022 FS.

Adjusted 2022 FS NPV at spot Gold becomes $263 million plus $60 million 
which is $323 million .

Now, with Orion, Stoger and the three HD satellite discoveries adding another 5 years of mine life, the NPV will more than double ..fixed overhead/ costs are spread over 10 years instead of 5 ...but let's just double.

And we have a NPV of about $650 million 

Typically, gold stocks trade at about 0.75 of NPV whuch is about $475 million.
Compare to Firefly at current $700 million cad market cap and we are in the right relative market cap.
These are fairly hard numbers and compatible with asset potentials of Firefky and MAE so no reason to deny their reality.

Which means we have a major catch up leap ahead of us when the material News flow begins..
GLTA

[colt45acp]

Nozz., Shifty, you may be interested : www.321gold.com : The gold stock trade still looks good for 2025.        Makes some interesting points.jmo. Let us know what you think, if you wish.

[shiftyone]

I think the article has some good points.  And the uncertainty in world economies is not going to go away anywhere soon.  That should be helpful in supporting the price of gold.  There might be a bigger correction than today... gold is up 40% in the last year. Junior mining companies are speculative money.  Just like bitcoin. It's interesting to compare the GDXJ (a fund

[colt45acp]

Shiftyone Good valid points. I like to some up the bigger problem would be the Federal government. More so Trudeaus's policy and his woke policy on just about everything.Won't go into details, think any body with common sence can tell ya. But i digress. Thanks for your thoughts. glta.

[NineLives]

To add to this discussion: Volume and share prices of juniors started to slump once interest rates began rising. Follow the charts back to 2021.  Just when they were starting to get traction we have an election result that promises higher deficits (as taxes are lowered) inflation (as tariffs are placed) a higher USD (due to a closing of America). All this is putting bond yields under