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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$28.07M which is a rise of roughly 68% over the last twelve months. As of 05/05/2023 they have no debt and ~C$1.45M cash. They have 601M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/05/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $16.72M $28.07M 03/26/2024 $11.35M
Total Assets: $4.45M $4.34M 05/05/2023 $-0.11M
Total Liabilities: $0.31M $0.30M 05/05/2023 $-0.01M
Current Assets: $1.48M $1.45M 05/05/2023 $-0.04M
Current Liabilities: $0.31M $0.30M 05/05/2023 $-0.01M
Total Debt: $0.00M $0.00M 05/05/2023 $0.00M
Cash: $1.48M $1.45M 05/05/2023 $-0.04M
Enterprise Value: $15.24M $26.63M 11/04/1970 $11.39M
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 05/05/2023 n/a
Misc 05/05/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 474,000,000 601,000,000 03/26/2024 127,000,000
Shares (FD): 501,000,000 705,000,000 03/26/2024 204,000,000
Insider Ownership: n/a 45% 03/26/2024 45%
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 05/05/2023 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
05/05/2023 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
05/05/2023 0
Initial CapEx (Outstanding): $57.00M
340.89% of MCap
$57.00M
203.04% of MCap
05/05/2023 $0.00M
Funding Option: n/a n/a 05/05/2023 n/a
Documentation: none FS 03/26/2024 n/a
Future MCap Modifier: 0.1
Producer: Weak
0.2
Developer: Near-term Producer
10/18/2023 0
Cash Flow Multiplier: 3 6 10/18/2023 3.00

Resource Data

GOLD 05/05/2023
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 05/05/2023 0.00M
Measured & Indicated: 0.33M 0.40M 10/18/2023 0.07M
Inferred: 0.22M 0.40M 10/18/2023 0.18M
Reserves & Resources: 0.55M 0.80M never 0.25M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.24M 0.24M 05/05/2023 0.00M
Measured & Indicated: 0.29M 0.34M 10/18/2023 0.05M
Inferred: 0.10M 0.18M 10/18/2023 0.08M
Reserves & Resources: 0.39M 0.52M never 0.13M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/05/2023 $0.00
Extra Operating Cost: n/a n/a 05/05/2023 $0.00
G
R
A
D
E
Underground (Avg): 6.00 g/t 6.00 g/t 05/05/2023 n/a
Open Pit (Avg): n/a n/a 05/05/2023 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 03/26/2024 0.00%
F
U
T
U
R
E
Proven & Probable: 0.40M 0.60M 10/18/2023 0.20M
Annual Production: 50,000oz. 60,000oz. 10/18/2023 10,000oz.
Cash Cost: $950 $950 05/05/2023 $0
Extra Operating Cost: $500 $500 05/05/2023 $0
SILVER 05/05/2023
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 05/05/2023 0.00M
Measured & Indicated: n/a n/a 05/05/2023 0.00M
Inferred: n/a n/a 05/05/2023 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 05/05/2023 0.00M
Measured & Indicated: n/a n/a 05/05/2023 0.00M
Inferred: n/a n/a 05/05/2023 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 05/05/2023 $0.00
Extra Operating Cost: n/a n/a 05/05/2023 $0.00
G
R
A
D
E
Underground (Avg): n/a n/a 05/05/2023 n/a
Open Pit (Avg): n/a n/a 05/05/2023 n/a
Recovery Rate: n/a n/a 05/05/2023 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/05/2023 0.00M
Annual Production: n/a n/a 05/05/2023 n/a
Cash Cost: n/a n/a 05/05/2023 n/a
Extra Operating Cost: n/a n/a 05/05/2023 n/a

Property

Last Analysis Data  (05/05/2023)
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
05/05/2023
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 1.40M
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 1.26M
Maximum Profit (Gold): $137.78M $224.51M n/a $86.73M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $137.78M $224.51M n/a $86.73M
Max Profit / Current MCap: 8.240 7.997 n/a -0.243
Max Profit Per Share (Gold): $0.28 $0.32 n/a $0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.28 $0.32 n/a $0.04
Total Free Profit Per Share: $0.23 $0.26 n/a $0.03
FD MCap / Gold Eq.: $68.81 $115.53 n/a $46.72
FD MCap / Silver Eq.: $0.88 $1.38 n/a $0.50
FD MCap / Per Metal
as % Spot Price:
3.41% 4.87% n/a 1.46%
Measured &
Indicated
05/05/2023
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.): 0.33M 0.40M n/a 0.07M
Total (Silver Eq. Oz.): n/a n/a n/a 7.58M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.29M 0.34M n/a 0.05M
Silver Eq. Oz.: n/a n/a n/a 5.71M
Maximum Profit (Gold): $162.28M $310.98M n/a $148.71M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $162.28M $310.98M n/a $148.71M
Max Profit / Current MCap: 9.705 11.077 n/a 1.372
Max Profit Per Share (Gold): $0.32 $0.44 n/a $0.12
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.32 $0.44 n/a $0.12
Total Free Profit Per Share: $0.28 $0.39 n/a $0.11
FD MCap / Gold Eq.: $58.42 $83.40 n/a $24.98
FD MCap / Silver Eq.: $0.74 $1.00 n/a $0.25
FD MCap / Per Metal
as % Spot Price:
2.90% 3.51% n/a 0.62%

Reserves &
Resources
05/05/2023
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.): 0.55M 0.80M n/a 0.25M
Total (Silver Eq. Oz.): n/a n/a n/a 23.80M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.39M 0.52M n/a 0.13M
Silver Eq. Oz.: n/a n/a n/a 13.01M
Maximum Profit (Gold): $218.41M $477.29M n/a $258.88M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $218.41M $477.29M n/a $258.88M
Max Profit / Current MCap: 13.062 17.001 n/a 3.939
Max Profit Per Share (Gold): $0.44 $0.68 n/a $0.24
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.44 $0.68 n/a $0.24
Total Free Profit Per Share: $0.39 $0.62 n/a $0.23
FD MCap / Gold Eq.: $43.41 $54.34 n/a $10.94
FD MCap / Silver Eq.: $0.55 $0.65 n/a $0.10
FD MCap / Per Metal
as % Spot Price:
2.15% 2.29% n/a 0.14%

Future Valuation (Cash Flow & Totals)

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