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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 development company 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$30.29M which is a rise of roughly 45% over the last nine months. As of 05/29/2020 they have ~C$0M debt and ~C$2.76M cash. They have 247M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/29/2020
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $20.92M $30.29M 05/29/2020 $9.37M
Total Assets: $5.81M $6.31M 05/29/2020 $0.50M
Total Liabilities: $0.31M $0.33M 05/29/2020 $0.03M
Current Assets: $2.54M $2.76M 05/29/2020 $0.22M
Current Liabilities: $0.31M $0.33M 05/29/2020 $0.03M
Total Debt: $0.07M $0.08M 05/29/2020 $0.01M
Cash: $2.54M $2.76M 05/29/2020 $0.22M
Enterprise Value: $18.45M $27.61M 11/16/1970 $9.16M
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 05/29/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/29/2020 0.00%
Misc 05/29/2020
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 246,502,000 246,502,000 05/29/2020 0
Shares (FD): 319,964,000 319,964,000 05/29/2020 0
Insider Ownership: n/a 40% 11/30/2020 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2023 05/29/2020 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/29/2020 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/29/2020 0
Initial CapEx (Outstanding): $57.00M
272.49% of Mkt.Cap		 $57.00M
188.16% of Mkt.Cap 		05/29/2020 $0.00M
Funding Option: n/a n/a 05/29/2020 n/a
Documentation: none FS 11/30/2020 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 05/29/2020
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 05/29/2020 0.00M
Measured & Indicated: 0.50M 0.50M 05/29/2020 0.00M
Inferred: 0.50M 0.50M 05/29/2020 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 05/29/2020 0.00M
Measured & Indicated: 0.39M 0.39M 05/29/2020 0.00M
Inferred: 0.23M 0.23M 05/29/2020 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 05/29/2020 $0.00
Extra Operating Cost: n/a n/a 05/29/2020 $0.00
Average Grade: 6.00 g/t 6.00 g/t 05/29/2020 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 11/30/2020 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.75M 0.75M 05/29/2020 0.00M
Annual Production: 60,000oz. 60,000oz. 05/29/2020 0oz.
Cash Cost: $750 $750 05/29/2020 $0
Extra Operating Cost: $400 $400 05/29/2020 $0
SILVER 05/29/2020
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 05/29/2020 0.00M
Measured & Indicated: n/a n/a 05/29/2020 0.00M
Inferred: n/a n/a 05/29/2020 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 05/29/2020 0.00M
Measured & Indicated: n/a n/a 05/29/2020 0.00M
Inferred: n/a n/a 05/29/2020 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 05/29/2020 $0.00
Extra Operating Cost: n/a n/a 05/29/2020 $0.00
Average Grade: n/a n/a 05/29/2020 n/a
Recovery Rate: n/a n/a 05/29/2020 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/29/2020 0.00M
Annual Production: n/a n/a 05/29/2020 n/a
Cash Cost: n/a n/a 05/29/2020 n/a
Extra Operating Cost: n/a n/a 05/29/2020 n/a

Property

Last Analysis Data  (05/29/2020)
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		 05/29/2020
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 -5.03M
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 -4.53M
Maximum Profit (Gold): $46.64M $44.16M n/a $-2.47M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $46.64M $44.16M n/a $-2.47M
Max Profit / Current MCap: 2.229 1.458 n/a -0.772
Max Profit Per Share (Gold): $0.15 $0.14 n/a $-0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.15 $0.14 n/a $-0.01
Total Free Profit Per Share: $0.06 $0.02 n/a $-0.04
FD Mkt. Cap / Gold Eq.: $136.72 $198.00 n/a $61.27
FD Mkt. Cap / Silver Eq.: $1.41 $2.93 n/a $1.53
FD Mkt. Cap / Per Metal
as % Spot Price:		 7.90% 11.65% n/a 3.75%
Measured &
Indicated		 05/29/2020
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 -14.79M
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 -11.55M
Maximum Profit (Gold): $119.06M $112.74M n/a $-6.32M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $119.06M $112.74M n/a $-6.32M
Max Profit / Current MCap: 5.692 3.722 n/a -1.970
Max Profit Per Share (Gold): $0.37 $0.35 n/a $-0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.37 $0.35 n/a $-0.02
Total Free Profit Per Share: $0.28 $0.23 n/a $-0.05
FD Mkt. Cap / Gold Eq.: $53.55 $77.56 n/a $24.00
FD Mkt. Cap / Silver Eq.: $0.55 $1.15 n/a $0.60
FD Mkt. Cap / Per Metal
as % Spot Price:		 3.09% 4.56% n/a 1.47%

Reserves &
Resources		 05/29/2020
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 -29.58M
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 -18.21M
Maximum Profit (Gold): $187.64M $177.69M n/a $-9.95M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $187.64M $177.69M n/a $-9.95M
Max Profit / Current MCap: 8.970 5.866 n/a -3.105
Max Profit Per Share (Gold): $0.59 $0.56 n/a $-0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.59 $0.56 n/a $-0.03
Total Free Profit Per Share: $0.50 $0.44 n/a $-0.06
FD Mkt. Cap / Gold Eq.: $33.98 $49.21 n/a $15.23
FD Mkt. Cap / Silver Eq.: $0.35 $0.73 n/a $0.38
FD Mkt. Cap / Per Metal
as % Spot Price:		 1.96% 2.90% n/a 0.93%

Future Valuation (Cash Flow & Totals)

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