Maritime Resources Corp V.MAE

Putative Value of GRAU 1.5 million ounces

[nozzpack]

Mac has already updated the 2022 HD FS at $3700 CAD POG ( about $2650 US )...see current CP ) 

That HD valuation  NPV5 after tax is  $273 million CAD with a world class IRR of 113 % ( normal Peer is about 40% ).

Gold reserves at that time was 272,000 ounces which values those Reserves at $1000 cad per ounce.


Recall that those Reserves were converted from gold resources at 63,5% conversion.

At 63.5% Conversion rate, BRAU 1.5 million ounces would convert to about 900,000 ounces.
Plus, GRAU tailings pond contains 144,000 ounces of gold fines which can be cheaply recovered.

Ignoring the value of the copper byproduct , about 1 050 ,000 ounces of gold Reserves would be available to production, assuming a milling option is available .
Maritime has that milling option and the deep water port to transport that gold....the only monetization option available to GRAU.

That is, acquiring BRAU and its 1.05 million ounces of Reserves would have, based on the HD after tax NPV5, an after tax NPV5 in excess of $1 billion cad @ $3700 CAD gold price ( 1,05 million ounces times $1000 per ounce ).

This is why the only route to true value of GRAUs gold resources, currentky valued at $21 million cad, is via being acquired by Maritime and produced in 
Maritime's gold mills.

The Combo , including Orion and Stoger , would have a after tax NPV5 in excess of $1.5 Billion CAD 
 

Then, with Firefky, we acquire NFG ..

[nozzpack]

The argument has been made that wth its uodated copper reserves..averaging 2% copper equivalent..no different than that of Rambler...2,1% copper equivalent....Firefky has the sane problem as Ramber. That Problem is that a largely coppier mine of modest grade is highly vulnerable to the high variance price cyclicity of copper price. Which is why we see the Ming Mine producing for a decade or do

[unclebobby]

I think something big is brewing  and TD bit the bullet  before this takes off, they don't  buy on a whim , herd it on the grape vine, imo see what Friday  brings  cheers

[shiftyone]

Good news doesn't happen on Fridays.  But perhaps next week.  And if someone really wants some stock before news, tomorrow could bring big buying as well.  It seems to go in spurts if you look at the volumes the last week.

[shiftyone]

i wish there was an edit feature.  the volumes the last month.