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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$10.86M which is a fall of roughly 53% over the last eight months. As of 08/04/2019 they have ~C$0M debt and ~C$3.55M cash. They have 189M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 08/04/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $23.13M $10.86M 08/04/2019 $-12.27M
Total Assets: $7.56M $7.10M 08/04/2019 $-0.46M
Total Liabilities: $0.32M $0.30M 08/04/2019 $-0.02M
Current Assets: $3.78M $3.55M 08/04/2019 $-0.23M
Current Liabilities: $0.32M $0.30M 08/04/2019 $-0.02M
Total Debt: $0.08M $0.07M 08/04/2019 $0.00M
Cash: $3.78M $3.55M 08/04/2019 $-0.23M
Enterprise Value: $19.42M $7.38M 03/27/1970 $-12.04M
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: 08/04/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 08/04/2019 0.00%
Misc 08/04/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 189,000,000 189,000,000 08/04/2019 0
Shares (FD): 278,000,000 278,000,000 08/04/2019 0
Insider Ownership: n/a 40% 01/25/2020 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2021 08/04/2019 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 08/04/2019 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 08/04/2019 0
Initial CapEx (Outstanding): $28.00M
121.05% of Mkt.Cap		 $28.00M
257.79% of Mkt.Cap 		08/04/2019 $0.00M
Funding Option: n/a n/a 08/04/2019 n/a
Documentation: none PFS 01/25/2020 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 08/04/2019
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 08/04/2019 0.00M
Measured & Indicated: 0.50M 0.50M 08/04/2019 0.00M
Inferred: 0.50M 0.50M 08/04/2019 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 08/04/2019 0.00M
Measured & Indicated: 0.39M 0.39M 08/04/2019 0.00M
Inferred: 0.23M 0.23M 08/04/2019 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 08/04/2019 $0.00
Extra Operating Cost: n/a n/a 08/04/2019 $0.00
Average Grade: 6.00 g/t 6.00 g/t 08/04/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 01/25/2020 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.75M 0.75M 08/04/2019 0.00M
Annual Production: 50,000oz. 50,000oz. 08/04/2019 0oz.
Cash Cost: $750 $750 08/04/2019 $0
Extra Operating Cost: $400 $400 08/04/2019 $0
SILVER 08/04/2019
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 08/04/2019 0.00M
Measured & Indicated: n/a n/a 08/04/2019 0.00M
Inferred: n/a n/a 08/04/2019 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 08/04/2019 0.00M
Measured & Indicated: n/a n/a 08/04/2019 0.00M
Inferred: n/a n/a 08/04/2019 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 08/04/2019 $0.00
Extra Operating Cost: n/a n/a 08/04/2019 $0.00
Average Grade: n/a n/a 08/04/2019 n/a
Recovery Rate: n/a n/a 08/04/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 08/04/2019 0.00M
Annual Production: n/a n/a 08/04/2019 n/a
Cash Cost: n/a n/a 08/04/2019 n/a
Extra Operating Cost: n/a n/a 08/04/2019 n/a

Property

Last Analysis Data  (08/04/2019)
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 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 - Hammerdown 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		 08/04/2019
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 4.06M
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 3.65M
Maximum Profit (Gold): $23.29M $38.11M n/a $14.81M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $23.29M $38.11M n/a $14.81M
Max Profit / Current MCap: 1.007 3.508 n/a 2.501
Max Profit Per Share (Gold): $0.08 $0.14 n/a $0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.08 $0.14 n/a $0.05
Total Free Profit Per Share: $0.00 $0.08 n/a $0.08
FD Mkt. Cap / Gold Eq.: $151.18 $70.99 n/a $-80.19
FD Mkt. Cap / Silver Eq.: $1.70 $0.63 n/a $-1.07
FD Mkt. Cap / Per Metal
as % Spot Price:		 10.50% 4.37% n/a -6.13%
Measured &
Indicated		 08/04/2019
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 11.93M
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 9.32M
Maximum Profit (Gold): $59.47M $97.28M n/a $37.81M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $59.47M $97.28M n/a $37.81M
Max Profit / Current MCap: 2.571 8.957 n/a 6.386
Max Profit Per Share (Gold): $0.21 $0.35 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.21 $0.35 n/a $0.14
Total Free Profit Per Share: $0.10 $0.29 n/a $0.19
FD Mkt. Cap / Gold Eq.: $59.22 $27.81 n/a $-31.41
FD Mkt. Cap / Silver Eq.: $0.67 $0.25 n/a $-0.42
FD Mkt. Cap / Per Metal
as % Spot Price:		 4.11% 1.71% n/a -2.40%

Reserves &
Resources		 08/04/2019
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 23.86M
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 14.69M
Maximum Profit (Gold): $93.73M $153.32M n/a $59.60M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $93.73M $153.32M n/a $59.60M
Max Profit / Current MCap: 4.052 14.116 n/a 10.064
Max Profit Per Share (Gold): $0.34 $0.55 n/a $0.21
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.34 $0.55 n/a $0.21
Total Free Profit Per Share: $0.23 $0.50 n/a $0.27
FD Mkt. Cap / Gold Eq.: $37.57 $17.64 n/a $-19.93
FD Mkt. Cap / Silver Eq.: $0.42 $0.16 n/a $-0.27
FD Mkt. Cap / Per Metal
as % Spot Price:		 2.61% 1.09% n/a -1.52%

Future Valuation (Cash Flow & Totals)

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