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Maritime Resources Corp

www: www.maritimeresourcescorp.com   email: info@maritimeresourcescorp.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:MAE CAD
OTCMKTS:MRTMF USD

Description

Maritime Resources Corp are a gold focused junior, late stage developer with one mine in development in Canada and two exploration properties. They have approximately 0.8Moz. of gold in the reserves and resources category of which 0.4Moz. are in the measured and indicated category. They have a market capitalisation of ~C$37.59M which is a rise of roughly 32% over the last eight months. As of 08/07/2024 they have ~C$5M debt and ~C$6.95M cash. They have 831M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/04/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $28.49M $37.59M 09/29/2024
Total Assets: $4.39M $9.72M 09/29/2024
Total Liabilities: $0.31M $0.29M 05/04/2024
Current Assets: $1.46M $6.95M 09/29/2024
Current Liabilities: $0.31M $0.29M 05/04/2024
Total Debt: $0.00M $4.86M 08/07/2024
Cash: $1.46M $6.95M 09/29/2024
Enterprise Value: $27.03M $35.51M 02/15/1971
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: Yes Yes 05/04/2024
Misc 05/04/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 596,000,000 831,000,000 09/29/2024
Shares (FD): 708,000,000 984,000,000 09/29/2024
Insider Ownership: n/a 60% 09/29/2024
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 01/01/2025 05/04/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/04/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/04/2024
Initial CapEx (Outstanding): $57.00M
200.05% of MCap		 $57.00M
151.64% of MCap 		05/04/2024
Funding Option: n/a n/a 05/04/2024
Documentation: none FS 09/29/2024
Future MCap Modifier: 0.2
Developer: Near-term Producer
 0.2
Developer: Near-term Producer
 10/18/2023
Cash Flow Multiplier: 5 5 05/04/2024

Resource Data

GOLD 05/04/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 0.27M 0.27M 05/04/2024
Measured & Indicated: 0.40M 0.40M 05/04/2024
Inferred: 0.40M 0.40M 05/04/2024
Reserves & Resources: 0.80M 0.80M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.24M 0.24M 05/04/2024
Measured & Indicated: 0.34M 0.34M 05/04/2024
Inferred: 0.18M 0.18M 05/04/2024
Reserves & Resources: 0.52M 0.52M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 05/04/2024
Extra Operating Cost: n/a n/a 05/04/2024
Total: $1,450 $1,450 05/04/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): 6.00 g/t 6.00 g/t 05/04/2024
Open Pit (Avg): n/a n/a 05/05/2023
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/29/2024
F
U
T
U
R
E		 Proven & Probable: 0.60M 0.60M 05/04/2024
Annual Production: 50,000oz. 50,000oz. 05/04/2024
Cash Cost: $950 $950 05/04/2024
Extra Operating Cost: $500 $500 05/04/2024
SILVER 05/04/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/04/2024
Measured & Indicated: n/a n/a 05/04/2024
Inferred: n/a n/a 05/04/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/04/2024
Measured & Indicated: n/a n/a 05/04/2024
Inferred: n/a n/a 05/04/2024
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 05/04/2024
Extra Operating Cost: n/a n/a 05/04/2024
Total: n/a n/a 05/04/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 05/04/2024
Open Pit (Avg): n/a n/a 05/05/2023
Recovery Rate: n/a n/a 05/04/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/04/2024
Annual Production: n/a n/a 05/04/2024
Cash Cost: n/a n/a 05/04/2024
Extra Operating Cost: n/a n/a 05/04/2024

Property

Last Analysis Data  (05/04/2024)
Stage Name Owned Au Ag Cu Notes
Dev Orion - Hammerdown 100% show
Past producing mine.

330K oz (Open pit)
Exp Lac Pelletier 100% show
220K oz
Exp Whisker Valley 100% show
Early exploration
Total Land Package Size (ha): 20,440  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Orion - Hammerdown 100% show
Past producing mine.

330K oz (Open pit)
Exp Lac Pelletier 100% show
220K oz
Exp Whisker Valley 100% show
Early exploration
Total Land Package Size (ha): 20,440  

Profitability (by resource)

Proven &
Probable		 05/04/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.27M 0.27M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.24M 0.24M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $206.82M $279.47M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $206.82M $279.47M n/a
Max Profit / Current MCap: 7.259 7.435 n/a
Max Profit Per Share (Gold): $0.29 $0.28 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $0.29 $0.28 n/a
Total Free Profit Per Share: $0.24 $0.23 n/a
FD MCap / Gold Eq.: $117.26 $154.69 n/a
FD MCap / Silver Eq.: $1.35 $1.71 n/a
FD MCap / Per Metal
as % Spot Price:		 5.10% 5.95% n/a
Measured &
Indicated		 05/04/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.40M 0.40M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.34M 0.34M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $286.48M $387.12M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $286.48M $387.12M n/a
Max Profit / Current MCap: 10.054 10.299 n/a
Max Profit Per Share (Gold): $0.40 $0.39 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $0.40 $0.39 n/a
Total Free Profit Per Share: $0.35 $0.34 n/a
FD MCap / Gold Eq.: $84.65 $111.68 n/a
FD MCap / Silver Eq.: $0.98 $1.24 n/a
FD MCap / Per Metal
as % Spot Price:		 3.68% 4.30% n/a

Reserves &
Resources		 05/04/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.80M 0.80M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.52M 0.52M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $439.68M $594.14M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $439.68M $594.14M n/a
Max Profit / Current MCap: 15.431 15.806 n/a
Max Profit Per Share (Gold): $0.62 $0.60 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $0.62 $0.60 n/a
Total Free Profit Per Share: $0.57 $0.55 n/a
FD MCap / Gold Eq.: $55.16 $72.76 n/a
FD MCap / Silver Eq.: $0.64 $0.81 n/a
FD MCap / Per Metal
as % Spot Price:		 2.40% 2.80% n/a

Future Valuation (Cash Flow & Totals)

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