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Maritime Resources Corp

www: www.maritimeresourcescorp.com   email: info@maritimeresourcescorp.com
Category: Junior: Near-term Producer
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Symbol Data

Symbol Currency
CVE:MAE CAD
OTCMKTS:MRTMF USD

Description

Maritime Resources Corp are a gold focused junior near-term producer 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$46.06M which is a fall of roughly 41% over the last eight months. As of 05/17/2021 they have ~C$0M debt and ~C$8.79M cash. They have 399M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/17/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $77.72M $46.06M 05/17/2021 $-31.66M
Total Assets: $12.41M $11.98M 05/17/2021 $-0.42M
Total Liabilities: $0.35M $0.34M 05/17/2021 $-0.01M
Current Assets: $9.10M $8.79M 05/17/2021 $-0.31M
Current Liabilities: $0.35M $0.34M 05/17/2021 $-0.01M
Total Debt: $0.08M $0.08M 05/17/2021 $0.00M
Cash: $9.10M $8.79M 05/17/2021 $-0.31M
Enterprise Value: $68.70M $37.35M 03/09/1971 $-31.35M
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 05/17/2021 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/17/2021 0.00%
Misc 05/17/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 359,852,000 399,000,000 11/13/2021 39,148,000
Shares (FD): 427,000,000 427,000,000 05/17/2021 0
Insider Ownership: n/a 40% 11/22/2021 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 08/01/2022 05/17/2021 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
05/17/2021 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
05/17/2021 0
Initial CapEx (Outstanding): $57.00M
73.34% of Mkt.Cap
$57.00M
123.76% of Mkt.Cap
05/17/2021 $0.00M
Funding Option: n/a n/a 05/17/2021 n/a
Documentation: none FS 11/22/2021 n/a
Value Adjustment: 25% 25% never 0%

Resource Data

GOLD 05/17/2021
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 05/17/2021 0.00M
Measured & Indicated: 0.50M 0.50M 05/17/2021 0.00M
Inferred: 0.50M 0.50M 05/17/2021 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 05/17/2021 0.00M
Measured & Indicated: 0.39M 0.39M 05/17/2021 0.00M
Inferred: 0.23M 0.23M 05/17/2021 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 05/17/2021 $0.00
Extra Operating Cost: n/a n/a 05/17/2021 $0.00
Average Grade: 6.00 g/t 6.00 g/t 05/17/2021 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 11/22/2021 0.00%
F
U
T
U
R
E
Proven & Probable: 0.75M 0.75M 05/17/2021 0.00M
Annual Production: 60,000oz. 60,000oz. 05/17/2021 0oz.
Cash Cost: $750 $750 05/17/2021 $0
Extra Operating Cost: $400 $400 05/17/2021 $0
SILVER 05/17/2021
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 05/17/2021 0.00M
Measured & Indicated: n/a n/a 05/17/2021 0.00M
Inferred: n/a n/a 05/17/2021 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 05/17/2021 0.00M
Measured & Indicated: n/a n/a 05/17/2021 0.00M
Inferred: n/a n/a 05/17/2021 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 05/17/2021 $0.00
Extra Operating Cost: n/a n/a 05/17/2021 $0.00
Average Grade: n/a n/a 05/17/2021 n/a
Recovery Rate: n/a n/a 05/17/2021 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/17/2021 0.00M
Annual Production: n/a n/a 05/17/2021 n/a
Cash Cost: n/a n/a 05/17/2021 n/a
Extra Operating Cost: n/a n/a 05/17/2021 n/a

Property

Last Analysis Data  (05/17/2021)
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
05/17/2021
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 2.33M
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 2.10M
Maximum Profit (Gold): $96.55M $89.37M n/a $-7.18M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $96.55M $89.37M n/a $-7.18M
Max Profit / Current MCap: 1.242 1.940 n/a 0.698
Max Profit Per Share (Gold): $0.23 $0.21 n/a $-0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.23 $0.21 n/a $-0.02
Total Free Profit Per Share: $0.01 $0.07 n/a $0.07
FD Mkt. Cap / Gold Eq.: $507.95 $301.03 n/a $-206.92
FD Mkt. Cap / Silver Eq.: $7.75 $3.80 n/a $-3.95
FD Mkt. Cap / Per Metal
as % Spot Price:
27.15% 16.56% n/a -10.58%
Measured &
Indicated
05/17/2021
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 6.86M
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 5.36M
Maximum Profit (Gold): $246.49M $228.17M n/a $-18.32M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $246.49M $228.17M n/a $-18.32M
Max Profit / Current MCap: 3.172 4.954 n/a 1.782
Max Profit Per Share (Gold): $0.58 $0.53 n/a $-0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.58 $0.53 n/a $-0.04
Total Free Profit Per Share: $0.36 $0.40 n/a $0.04
FD Mkt. Cap / Gold Eq.: $198.97 $117.92 n/a $-81.05
FD Mkt. Cap / Silver Eq.: $3.04 $1.49 n/a $-1.55
FD Mkt. Cap / Per Metal
as % Spot Price:
10.63% 6.49% n/a -4.15%

Reserves &
Resources
05/17/2021
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 13.71M
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 8.44M
Maximum Profit (Gold): $388.47M $359.60M n/a $-28.87M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $388.47M $359.60M n/a $-28.87M
Max Profit / Current MCap: 4.999 7.808 n/a 2.809
Max Profit Per Share (Gold): $0.91 $0.84 n/a $-0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.91 $0.84 n/a $-0.07
Total Free Profit Per Share: $0.69 $0.71 n/a $0.02
FD Mkt. Cap / Gold Eq.: $126.24 $74.82 n/a $-51.43
FD Mkt. Cap / Silver Eq.: $1.93 $0.94 n/a $-0.98
FD Mkt. Cap / Per Metal
as % Spot Price:
6.75% 4.12% n/a -2.63%

Future Valuation (Cash Flow & Totals)

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