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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$42.69M which is a rise of roughly 50% over the last six months. As of 08/07/2024 they have ~C$5M debt and ~C$7.23M 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
Change
Item Value Value Updated Value
MCap (FD): $28.49M $42.69M 09/29/2024 $14.20M
Total Assets: $4.39M $10.12M 09/29/2024 $5.73M
Total Liabilities: $0.31M $0.30M 05/04/2024 $0.00M
Current Assets: $1.46M $7.23M 09/29/2024 $5.77M
Current Liabilities: $0.31M $0.30M 05/04/2024 $0.00M
Total Debt: $0.00M $5.06M 08/07/2024 $5.06M
Cash: $1.46M $7.23M 09/29/2024 $5.77M
Enterprise Value: $27.03M $40.53M 04/14/1971 $13.50M
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 05/04/2024 n/a
Misc 05/04/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 596,000,000 831,000,000 09/29/2024 235,000,000
Shares (FD): 708,000,000 984,000,000 09/29/2024 276,000,000
Insider Ownership: n/a 60% 09/29/2024 60%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2025 05/04/2024 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/04/2024 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/04/2024 0
Initial CapEx (Outstanding): $57.00M
200.05% of MCap		 $57.00M
133.51% of MCap 		05/04/2024 $0.00M
Funding Option: n/a n/a 05/04/2024 n/a
Documentation: none FS 09/29/2024 n/a
Future MCap Modifier: 0.2
Developer: Near-term Producer
 0.2
Developer: Near-term Producer
 10/18/2023 0
Cash Flow Multiplier: 5 5 05/04/2024 0.00

Resource Data

GOLD 05/04/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 0.27M 0.27M 05/04/2024 0.00M
Measured & Indicated: 0.40M 0.40M 05/04/2024 0.00M
Inferred: 0.40M 0.40M 05/04/2024 0.00M
Reserves & Resources: 0.80M 0.80M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.24M 0.24M 05/04/2024 0.00M
Measured & Indicated: 0.34M 0.34M 05/04/2024 0.00M
Inferred: 0.18M 0.18M 05/04/2024 0.00M
Reserves & Resources: 0.52M 0.52M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/04/2024 $0.00
Extra Operating Cost: n/a n/a 05/04/2024 $0.00
Total: $1,450 $1,450 05/04/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): 6.00 g/t 6.00 g/t 05/04/2024 n/a
Open Pit (Avg): n/a n/a 05/05/2023 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/29/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.60M 0.60M 05/04/2024 0.00M
Annual Production: 50,000oz. 50,000oz. 05/04/2024 0oz.
Cash Cost: $950 $950 05/04/2024 $0
Extra Operating Cost: $500 $500 05/04/2024 $0
SILVER 05/04/2024
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 05/04/2024 0.00M
Measured & Indicated: n/a n/a 05/04/2024 0.00M
Inferred: n/a n/a 05/04/2024 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 05/04/2024 0.00M
Measured & Indicated: n/a n/a 05/04/2024 0.00M
Inferred: n/a n/a 05/04/2024 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 05/04/2024 $0.00
Extra Operating Cost: n/a n/a 05/04/2024 $0.00
Total: n/a n/a 05/04/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 05/04/2024 n/a
Open Pit (Avg): n/a n/a 05/05/2023 n/a
Recovery Rate: n/a n/a 05/04/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/04/2024 0.00M
Annual Production: n/a n/a 05/04/2024 n/a
Cash Cost: n/a n/a 05/04/2024 n/a
Extra Operating Cost: n/a n/a 05/04/2024 n/a

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
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.): 0.27M 0.27M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -1.83M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.24M 0.24M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -1.65M
Maximum Profit (Gold): $206.82M $311.74M n/a $104.93M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $206.82M $311.74M n/a $104.93M
Max Profit / Current MCap: 7.259 7.302 n/a 0.043
Max Profit Per Share (Gold): $0.29 $0.32 n/a $0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.29 $0.32 n/a $0.02
Total Free Profit Per Share: $0.24 $0.26 n/a $0.02
FD MCap / Gold Eq.: $117.26 $175.70 n/a $58.44
FD MCap / Silver Eq.: $1.35 $2.20 n/a $0.84
FD MCap / Per Metal
as % Spot Price:		 5.10% 6.43% n/a 1.33%
Measured &
Indicated		 05/04/2024
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 -2.71M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.34M 0.34M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.28M
Maximum Profit (Gold): $286.48M $431.82M n/a $145.34M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $286.48M $431.82M n/a $145.34M
Max Profit / Current MCap: 10.054 10.114 n/a 0.060
Max Profit Per Share (Gold): $0.40 $0.44 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.40 $0.44 n/a $0.03
Total Free Profit Per Share: $0.35 $0.38 n/a $0.03
FD MCap / Gold Eq.: $84.65 $126.84 n/a $42.19
FD MCap / Silver Eq.: $0.98 $1.59 n/a $0.61
FD MCap / Per Metal
as % Spot Price:		 3.68% 4.64% n/a 0.96%

Reserves &
Resources		 05/04/2024
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.): 0.80M 0.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -5.42M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.52M 0.52M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.50M
Maximum Profit (Gold): $439.68M $662.75M n/a $223.07M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $439.68M $662.75M n/a $223.07M
Max Profit / Current MCap: 15.431 15.523 n/a 0.092
Max Profit Per Share (Gold): $0.62 $0.67 n/a $0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.62 $0.67 n/a $0.05
Total Free Profit Per Share: $0.57 $0.61 n/a $0.05
FD MCap / Gold Eq.: $55.16 $82.65 n/a $27.49
FD MCap / Silver Eq.: $0.64 $1.03 n/a $0.40
FD MCap / Per Metal
as % Spot Price:		 2.40% 3.02% n/a 0.63%

Future Valuation (Cash Flow & Totals)

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