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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$34.44M which is a rise of roughly 65% over the last six months. As of 05/29/2020 they have ~C$0M debt and ~C$2.69M cash. They have 247M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/29/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $20.92M $34.44M 05/29/2020 $13.53M
Total Assets: $5.81M $6.15M 05/29/2020 $0.34M
Total Liabilities: $0.31M $0.32M 05/29/2020 $0.02M
Current Assets: $2.54M $2.69M 05/29/2020 $0.15M
Current Liabilities: $0.31M $0.32M 05/29/2020 $0.02M
Total Debt: $0.07M $0.08M 05/29/2020 $0.00M
Cash: $2.54M $2.69M 05/29/2020 $0.15M
Enterprise Value: $18.45M $31.83M 01/04/1971 $13.38M
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 05/29/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/29/2020 0.00%
Misc 05/29/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 246,502,000 246,502,000 05/29/2020 0
Shares (FD): 319,964,000 319,964,000 05/29/2020 0
Insider Ownership: n/a 40% 10/11/2020 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2023 05/29/2020 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
05/29/2020 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
05/29/2020 0
Initial CapEx (Outstanding): $57.00M
272.49% of Mkt.Cap
$57.00M
165.48% of Mkt.Cap
05/29/2020 $0.00M
Funding Option: n/a n/a 05/29/2020 n/a
Documentation: none FS 10/11/2020 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 05/29/2020
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 05/29/2020 0.00M
Measured & Indicated: 0.50M 0.50M 05/29/2020 0.00M
Inferred: 0.50M 0.50M 05/29/2020 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 05/29/2020 0.00M
Measured & Indicated: 0.39M 0.39M 05/29/2020 0.00M
Inferred: 0.23M 0.23M 05/29/2020 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 05/29/2020 $0.00
Extra Operating Cost: n/a n/a 05/29/2020 $0.00
Average Grade: 6.00 g/t 6.00 g/t 05/29/2020 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 10/11/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 0.75M 0.75M 05/29/2020 0.00M
Annual Production: 60,000oz. 60,000oz. 05/29/2020 0oz.
Cash Cost: $750 $750 05/29/2020 $0
Extra Operating Cost: $400 $400 05/29/2020 $0
SILVER 05/29/2020
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 05/29/2020 0.00M
Measured & Indicated: n/a n/a 05/29/2020 0.00M
Inferred: n/a n/a 05/29/2020 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 05/29/2020 0.00M
Measured & Indicated: n/a n/a 05/29/2020 0.00M
Inferred: n/a n/a 05/29/2020 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 05/29/2020 $0.00
Extra Operating Cost: n/a n/a 05/29/2020 $0.00
Average Grade: n/a n/a 05/29/2020 n/a
Recovery Rate: n/a n/a 05/29/2020 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/29/2020 0.00M
Annual Production: n/a n/a 05/29/2020 n/a
Cash Cost: n/a n/a 05/29/2020 n/a
Extra Operating Cost: n/a n/a 05/29/2020 n/a

Property

Last Analysis Data  (05/29/2020)
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
05/29/2020
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 -3.10M
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 -2.79M
Maximum Profit (Gold): $46.64M $51.20M n/a $4.56M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $46.64M $51.20M n/a $4.56M
Max Profit / Current MCap: 2.229 1.486 n/a -0.743
Max Profit Per Share (Gold): $0.15 $0.16 n/a $0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.15 $0.16 n/a $0.01
Total Free Profit Per Share: $0.06 $0.02 n/a $-0.04
FD Mkt. Cap / Gold Eq.: $136.72 $225.13 n/a $88.41
FD Mkt. Cap / Silver Eq.: $1.41 $2.86 n/a $1.45
FD Mkt. Cap / Per Metal
as % Spot Price:
7.90% 12.60% n/a 4.70%
Measured &
Indicated
05/29/2020
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 -9.13M
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 -7.13M
Maximum Profit (Gold): $119.06M $130.71M n/a $11.65M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $119.06M $130.71M n/a $11.65M
Max Profit / Current MCap: 5.692 3.795 n/a -1.897
Max Profit Per Share (Gold): $0.37 $0.41 n/a $0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.37 $0.41 n/a $0.04
Total Free Profit Per Share: $0.28 $0.27 n/a $-0.01
FD Mkt. Cap / Gold Eq.: $53.55 $88.18 n/a $34.63
FD Mkt. Cap / Silver Eq.: $0.55 $1.12 n/a $0.57
FD Mkt. Cap / Per Metal
as % Spot Price:
3.09% 4.93% n/a 1.84%

Reserves &
Resources
05/29/2020
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 -18.25M
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 -11.24M
Maximum Profit (Gold): $187.64M $206.00M n/a $18.36M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $187.64M $206.00M n/a $18.36M
Max Profit / Current MCap: 8.970 5.981 n/a -2.990
Max Profit Per Share (Gold): $0.59 $0.64 n/a $0.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.59 $0.64 n/a $0.06
Total Free Profit Per Share: $0.50 $0.50 n/a $0.01
FD Mkt. Cap / Gold Eq.: $33.98 $55.95 n/a $21.97
FD Mkt. Cap / Silver Eq.: $0.35 $0.71 n/a $0.36
FD Mkt. Cap / Per Metal
as % Spot Price:
1.96% 3.13% n/a 1.17%

Future Valuation (Cash Flow & Totals)

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