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Category: Junior: Late Stage Developer
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Maritime Resources Corp
www: www.maritimeresourcescorp.com     email: info@maritimeresourcescorp.com

Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
CVE:MAE CAD
OTCMKTS:MRTMF USD

Description

Maritime Resources Corp are a gold focused junior, late stage development company with one mine in development in Canada and one exploration property. They have approximately 0.9Moz. 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$10.1M which is a rise of roughly 14% over the last six months. As of 09/16/2018 they have ~C$0M debt and ~C$0.37M cash. They have 99M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 09/16/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $8.85M $10.10M 09/16/2018 $1.25M
Total Assets: $4.73M $4.54M 09/16/2018 $-0.19M
Total Liabilities: $0.33M $0.31M 09/16/2018 $-0.01M
Current Assets: $0.39M $0.37M 09/16/2018 $-0.02M
Current Liabilities: $0.33M $0.31M 09/16/2018 $-0.01M
Total Debt: $0.08M $0.07M 09/16/2018 $0.00M
Cash: $0.39M $0.37M 09/16/2018 $-0.02M
Enterprise Value: $8.54M $9.80M 04/24/1970 $1.26M
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: 09/16/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 09/16/2018 0.00%
Misc 09/16/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 99,000,000 99,000,000 09/16/2018 0
Shares (FD): 142,000,000 142,000,000 09/16/2018 0
Insider Ownership: n/a 40% 09/16/2018 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2020 09/16/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
09/16/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
09/16/2018 0
Initial CapEx (Outstanding): $28.00M
316.33% of Mkt.Cap
$28.00M
277.24% of Mkt.Cap
09/16/2018 $0.00M
Funding Option: n/a n/a 09/16/2018 n/a
Documentation: none PFS 09/16/2018 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 09/16/2018
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 09/16/2018 0.00M
Measured & Indicated: 0.40M 0.40M 09/16/2018 0.00M
Inferred: 0.50M 0.50M 09/16/2018 0.00M
Reserves & Resources: 0.90M 0.90M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.15M 0.15M 09/16/2018 0.00M
Measured & Indicated: 0.32M 0.32M 09/16/2018 0.00M
Inferred: 0.23M 0.23M 09/16/2018 0.00M
Reserves & Resources: 0.54M 0.54M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 09/16/2018 $0.00
Extra Operating Cost: n/a n/a 09/16/2018 $0.00
Average Grade: 6.00 g/t 6.00 g/t 09/16/2018 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/16/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 0.50M 0.50M 09/16/2018 0.00M
Annual Production: 40,000oz. 40,000oz. 09/16/2018 0oz.
Cash Cost: $700 $700 09/16/2018 $0
Extra Operating Cost: $400 $400 09/16/2018 $0
SILVER 09/16/2018
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 09/16/2018 0.00M
Measured & Indicated: n/a n/a 09/16/2018 0.00M
Inferred: n/a n/a 09/16/2018 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 09/16/2018 0.00M
Measured & Indicated: n/a n/a 09/16/2018 0.00M
Inferred: n/a n/a 09/16/2018 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 09/16/2018 $0.00
Extra Operating Cost: n/a n/a 09/16/2018 $0.00
Average Grade: n/a n/a 09/16/2018 n/a
Recovery Rate: n/a n/a 09/16/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 09/16/2018 0.00M
Annual Production: n/a n/a 09/16/2018 n/a
Cash Cost: n/a n/a 09/16/2018 n/a
Extra Operating Cost: n/a n/a 09/16/2018 n/a

Property

Last Analysis Data  (09/16/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Newfoundland, Canada Green Bay 100% (guess) 5,000 Underground show
Past producing mine.

1 million oz deposit.
Exploration Newfoundland, Canada Whisker Valley 100% (guess) 6,000 Both show
Early exploration.
Total Land Package Size (ha): 11,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Newfoundland, Canada Green Bay 100% (guess) 5,000 Underground show
Past producing mine.

1 million oz deposit.
Exploration Newfoundland, Canada Whisker Valley 100% (guess) 6,000 Both show
Early exploration.
Total Land Package Size (ha): 11,000  

Profitability (by resource)

Proven &
Probable
09/16/2018
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 0.06M
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 0.05M
Maximum Profit (Gold): $7.48M $17.06M n/a $9.58M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $7.48M $17.06M n/a $9.58M
Max Profit / Current MCap: 0.845 1.689 n/a 0.844
Max Profit Per Share (Gold): $0.05 $0.12 n/a $0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.05 $0.12 n/a $0.07
Total Free Profit Per Share: $0.00 $0.03 n/a $0.03
FD Mkt. Cap / Gold Eq.: $57.85 $66.01 n/a $8.16
FD Mkt. Cap / Silver Eq.: $0.68 $0.77 n/a $0.09
FD Mkt. Cap / Per Metal
as % Spot Price:
4.85% 5.03% n/a 0.18%
Measured &
Indicated
09/16/2018
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.): 0.40M 0.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.14M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.32M 0.32M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.11M
Maximum Profit (Gold): $15.57M $35.53M n/a $19.95M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $15.57M $35.53M n/a $19.95M
Max Profit / Current MCap: 1.759 3.518 n/a 1.758
Max Profit Per Share (Gold): $0.11 $0.25 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.11 $0.25 n/a $0.14
Total Free Profit Per Share: $0.03 $0.16 n/a $0.13
FD Mkt. Cap / Gold Eq.: $27.78 $31.70 n/a $3.92
FD Mkt. Cap / Silver Eq.: $0.33 $0.37 n/a $0.04
FD Mkt. Cap / Per Metal
as % Spot Price:
2.33% 2.42% n/a 0.09%

Reserves &
Resources
09/16/2018
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.): 0.90M 0.90M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.31M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.54M 0.54M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.19M
Maximum Profit (Gold): $26.57M $60.62M n/a $34.05M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $26.57M $60.62M n/a $34.05M
Max Profit / Current MCap: 3.002 6.002 n/a 3.000
Max Profit Per Share (Gold): $0.19 $0.43 n/a $0.24
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.19 $0.43 n/a $0.24
Total Free Profit Per Share: $0.11 $0.33 n/a $0.22
FD Mkt. Cap / Gold Eq.: $16.28 $18.58 n/a $2.30
FD Mkt. Cap / Silver Eq.: $0.19 $0.22 n/a $0.03
FD Mkt. Cap / Per Metal
as % Spot Price:
1.36% 1.42% n/a 0.05%

Future Valuation (Cash Flow & Totals)

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