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Maritime Resources Corp

www: www.maritimeresourcescorp.com   email: info@maritimeresourcescorp.com
Category: Junior: Late Stage Developer
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Notes
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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 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$13.75M which is a fall of roughly 41% over the last six months. As of 08/04/2019 they have ~C$0M debt and ~C$3.8M 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 $13.75M 08/04/2019 $-9.38M
Total Assets: $7.56M $7.61M 08/04/2019 $0.04M
Total Liabilities: $0.32M $0.32M 08/04/2019 $0.00M
Current Assets: $3.78M $3.80M 08/04/2019 $0.02M
Current Liabilities: $0.32M $0.32M 08/04/2019 $0.00M
Total Debt: $0.08M $0.08M 08/04/2019 $0.00M
Cash: $3.78M $3.80M 08/04/2019 $0.02M
Enterprise Value: $19.42M $10.02M 04/26/1970 $-9.41M
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% 08/04/2019 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
203.69% of Mkt.Cap 		08/04/2019 $0.00M
Funding Option: n/a n/a 08/04/2019 n/a
Documentation: none PFS 08/04/2019 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% 08/04/2019 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 -0.18M
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 -0.16M
Maximum Profit (Gold): $23.29M $32.98M n/a $9.69M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $23.29M $32.98M n/a $9.69M
Max Profit / Current MCap: 1.007 2.399 n/a 1.392
Max Profit Per Share (Gold): $0.08 $0.12 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.08 $0.12 n/a $0.03
Total Free Profit Per Share: $0.00 $0.05 n/a $0.05
FD Mkt. Cap / Gold Eq.: $151.18 $89.84 n/a $-61.34
FD Mkt. Cap / Silver Eq.: $1.70 $1.02 n/a $-0.68
FD Mkt. Cap / Per Metal
as % Spot Price:		 10.50% 5.76% n/a -4.74%
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 -0.54M
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 -0.42M
Maximum Profit (Gold): $59.47M $84.20M n/a $24.73M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $59.47M $84.20M n/a $24.73M
Max Profit / Current MCap: 2.571 6.125 n/a 3.554
Max Profit Per Share (Gold): $0.21 $0.30 n/a $0.09
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.21 $0.30 n/a $0.09
Total Free Profit Per Share: $0.10 $0.24 n/a $0.13
FD Mkt. Cap / Gold Eq.: $59.22 $35.19 n/a $-24.03
FD Mkt. Cap / Silver Eq.: $0.67 $0.40 n/a $-0.27
FD Mkt. Cap / Per Metal
as % Spot Price:		 4.11% 2.26% n/a -1.86%

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 -1.07M
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 -0.66M
Maximum Profit (Gold): $93.73M $132.70M n/a $38.98M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $93.73M $132.70M n/a $38.98M
Max Profit / Current MCap: 4.052 9.654 n/a 5.602
Max Profit Per Share (Gold): $0.34 $0.48 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.34 $0.48 n/a $0.14
Total Free Profit Per Share: $0.23 $0.41 n/a $0.19
FD Mkt. Cap / Gold Eq.: $37.57 $22.33 n/a $-15.24
FD Mkt. Cap / Silver Eq.: $0.42 $0.25 n/a $-0.17
FD Mkt. Cap / Per Metal
as % Spot Price:		 2.61% 1.43% n/a -1.18%

Future Valuation (Cash Flow & Totals)

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