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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 > Pine Cove Has much Cheaper Milling Costs Than Nuggett Pond
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Post by nozzpack on Nov 14, 2024 5:25am

Pine Cove Has much Cheaper Milling Costs Than Nuggett Pond

The 2022 FS , based on using the Nuggett Pond gold circuit , estimated milling costs per ton at just over $48 ....see link below.

The last full year of production by Signal , The Pine Cove mill had a milling cost of $26.24 per ton milled.
Note also that the upgraded Pine cove mill will have a recovery close to 98 % versus about 87 % previously.

This gain in recovery efficiency will also lower milling costs of the Pine Cove mill.

In summary, the updated HD FS will show substantial decline in milling costs due to the Pine Cove mill having much greater milling efficiency .

In addition , there will be close to 100 km reduction in trucking distance , as the Pine Cove mill is that distance per trip closer to HD.

From these two cost perspectives , the updated FS will show substantially reduced milling and trucking costs..



https://maritimeresourcescorp.com/maritime-resources-reports-positive-feasibility-study-for-hammerdown-gold-project-with-48-1-irr/

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