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Maritime Resources Corp

www: www.maritimeresourcescorp.com   email: info@maritimeresourcescorp.com
Category: Junior: Near-term Producer
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Symbol Data

Symbol Currency
CVE:MAE CAD
OTCMKTS:MRTMF USD

Description

Maritime Resources Corp are a gold focused junior near-term producer with one mine in development in Canada and one exploration property. They have approximately 1Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$15.77M which is a fall of roughly 41% over the last five months. As of 05/07/2022 they have no debt and ~C$2.92M cash. They have 399M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/07/2022
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $26.59M $15.77M 08/25/2022 $-10.82M
Total Assets: $6.23M $5.84M 05/07/2022 $-0.39M
Total Liabilities: $0.33M $0.31M 05/07/2022 $-0.02M
Current Assets: $3.11M $2.92M 05/07/2022 $-0.19M
Current Liabilities: $0.33M $0.31M 05/07/2022 $-0.02M
Total Debt: $0.00M $0.00M 05/07/2022 $0.00M
Cash: $3.11M $2.92M 05/07/2022 $-0.19M
Enterprise Value: $23.47M $12.85M 05/29/1970 $-10.62M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: Yes Yes 05/07/2022 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/07/2022 0.00%
Misc 05/07/2022
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 399,000,000 399,000,000 05/07/2022 0
Shares (FD): 427,000,000 432,000,000 08/25/2022 5,000,000
Insider Ownership: n/a 40% 08/25/2022 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 04/01/2023 05/07/2022 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/07/2022 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/07/2022 0
Initial CapEx (Outstanding): $57.00M
214.38% of Mkt.Cap		 $57.00M
361.45% of Mkt.Cap 		05/07/2022 $0.00M
Funding Option: n/a n/a 05/07/2022 n/a
Documentation: none FS 08/25/2022 n/a
Value Adjustment: 25% 25% never 0%

Resource Data

GOLD 05/07/2022
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 0.17M 0.17M 05/07/2022 0.00M
Measured & Indicated: 0.50M 0.50M 05/07/2022 0.00M
Inferred: 0.50M 0.50M 05/07/2022 0.00M
Reserves & Resources: 1.00M 1.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.15M 0.15M 05/07/2022 0.00M
Measured & Indicated: 0.39M 0.39M 05/07/2022 0.00M
Inferred: 0.23M 0.23M 05/07/2022 0.00M
Reserves & Resources: 0.62M 0.62M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/07/2022 $0.00
Extra Operating Cost: n/a n/a 05/07/2022 $0.00
Average Grade: 6.00 g/t 6.00 g/t 05/07/2022 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 08/25/2022 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.75M 0.75M 05/07/2022 0.00M
Annual Production: 60,000oz. 60,000oz. 05/07/2022 0oz.
Cash Cost: $750 $750 05/07/2022 $0
Extra Operating Cost: $450 $450 05/07/2022 $0
SILVER 05/07/2022
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/07/2022 0.00M
Measured & Indicated: n/a n/a 05/07/2022 0.00M
Inferred: n/a n/a 05/07/2022 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/07/2022 0.00M
Measured & Indicated: n/a n/a 05/07/2022 0.00M
Inferred: n/a n/a 05/07/2022 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/07/2022 $0.00
Extra Operating Cost: n/a n/a 05/07/2022 $0.00
Average Grade: n/a n/a 05/07/2022 n/a
Recovery Rate: n/a n/a 05/07/2022 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/07/2022 0.00M
Annual Production: n/a n/a 05/07/2022 n/a
Cash Cost: n/a n/a 05/07/2022 n/a
Extra Operating Cost: n/a n/a 05/07/2022 n/a

Property

Last Analysis Data  (05/07/2022)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Newfoundland, Canada Green Bay - Hammerdown 100% (guess) 5,000 Underground show
Past producing mine.

1 million oz deposit.
Exploration Newfoundland, Canada Whisker Valley and Gull Ridge 100% (guess) 20,000 Both show
Early exploration.
Total Land Package Size (ha): 25,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Newfoundland, Canada Green Bay - Hammerdown 100% (guess) 5,000 Underground show
Past producing mine.

1 million oz deposit.
Exploration Newfoundland, Canada Whisker Valley and Gull Ridge 100% (guess) 20,000 Both show
Early exploration.
Total Land Package Size (ha): 25,000  

Profitability (by resource)

Proven &
Probable		 05/07/2022
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.17M 0.17M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.17M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.15M 0.15M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.15M
Maximum Profit (Gold): $91.40M $85.41M n/a $-5.98M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $91.40M $85.41M n/a $-5.98M
Max Profit / Current MCap: 3.438 5.416 n/a 1.979
Max Profit Per Share (Gold): $0.21 $0.20 n/a $-0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.21 $0.20 n/a $-0.02
Total Free Profit Per Share: $0.13 $0.15 n/a $0.01
FD Mkt. Cap / Gold Eq.: $173.78 $103.07 n/a $-70.70
FD Mkt. Cap / Silver Eq.: $2.06 $1.21 n/a $-0.85
FD Mkt. Cap / Per Metal
as % Spot Price:		 9.23% 5.61% n/a -3.62%
Measured &
Indicated		 05/07/2022
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.50M 0.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.49M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.39M 0.39M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.38M
Maximum Profit (Gold): $233.33M $218.05M n/a $-15.28M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $233.33M $218.05M n/a $-15.28M
Max Profit / Current MCap: 8.776 13.827 n/a 5.051
Max Profit Per Share (Gold): $0.55 $0.50 n/a $-0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.55 $0.50 n/a $-0.04
Total Free Profit Per Share: $0.47 $0.45 n/a $-0.01
FD Mkt. Cap / Gold Eq.: $68.07 $40.37 n/a $-27.70
FD Mkt. Cap / Silver Eq.: $0.81 $0.47 n/a $-0.33
FD Mkt. Cap / Per Metal
as % Spot Price:		 3.62% 2.20% n/a -1.42%

Reserves &
Resources		 05/07/2022
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.00M 1.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.98M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.62M 0.62M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.60M
Maximum Profit (Gold): $367.74M $343.66M n/a $-24.08M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $367.74M $343.66M n/a $-24.08M
Max Profit / Current MCap: 13.831 21.792 n/a 7.961
Max Profit Per Share (Gold): $0.86 $0.80 n/a $-0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.86 $0.80 n/a $-0.07
Total Free Profit Per Share: $0.78 $0.75 n/a $-0.04
FD Mkt. Cap / Gold Eq.: $43.19 $25.62 n/a $-17.57
FD Mkt. Cap / Silver Eq.: $0.51 $0.30 n/a $-0.21
FD Mkt. Cap / Per Metal
as % Spot Price:		 2.29% 1.39% n/a -0.90%

Future Valuation (Cash Flow & Totals)

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