Maritime Resources Corp V.MAE

Picture of HD Site and Open Pit in 2021

[nozzpack]

In the background you can see the starter open pit configured by Richmont.

I owned Richmont at that time and made very good coin.

Note that even 3 years ago, Maritine had HD stripped of vegetation and ready for grade control.

According to the recent CP, much more has been done to prepare the site for accelerated mining resumption and grade control is stated to be complete by exit 2024.

As previously reported, approximately $45 million in capex to install a comminution circuit at Nuggett Pond and a X-RAY sorter at the HD mine site will not be needed in the updated FS currently underway .
I am familiar with shifty from way back.
He"s got a good head on his shoulders for financial details.

So, shifty here is a task for you given the info I provided today on Milling costs of Pine Cove mill versus the FS costs using Nuggett Pond in the 2022 FS plus the transportation savings using Pine Cove.

You will need volumes milled which is included in the FS of 2022 as is the transportation costs of volumes milled and trucked.

Go for it..

GLTA

 

https://wp-maritimeresourcescorp-2024.s3.ca-central-1.amazonaws.com/media/2024/02/07202727/dji_0013.1024x0.jpg

[shiftyone]

I'll ask my son.  He will use chatgp 4o and will have the answer in minutes.  Just let me call and see if he is home or at the gym.  standby.

[shiftyone]

He will be home in 20 minutes and see what AI says about it.  I can do it... but it would take a couple of hours.  That AI is getting smarter by the day.

[shiftyone]

He is home now and going to try to answer your question.  Mind you he is still in school, and not well versed on the stock market or any of these penny stocks.  See what AI tells him.