Marathon Gold Corp MGDPF

Primary Symbol: T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.

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Marathon Gold Corp

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Comment by brianjameson Jul 17, 2017 6:34pm

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Post# 26478730

RE:RE:RE:RE:RE:2,000,000 onces

Well.....we already have 2 Million ounces in the bank. Let's say drilling and exploration bump that up to 3 Million by the end of this year......

Wouldn't the numbers be something like this?

3,000,000 x $1200 (price per ounce of gold) = $36,000,000
Divided by shares outstanding (135,000,000) = $26.66
Default to cost factor of 1/10th for value after mining = $2.66

If we have only 2 million oz then the value would be 2/3 of $2.66 or $1.77
or close to exactly what the analysts have been predicting. ($1.70)

BJ

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