Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

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.


TSX:MOZ - Post by User

Bullboard Posts
Post by brianjameson Oct 22, 2019 6:37pm
137 Views
Post# 30256668

Share price....

Share price....Ok......can anyone set me straight or do these numbers look ok to everyone....

Mining Valentine Lake......

5,000,000 oz of gold
x $1400 an oz U.S. funds

= $7,000,000,000 U.S. 

Divide that by the outstandings shares.....
say 180,000,000

= $38.88 

Divide that by 10 (standard number used to calculate mining 
costs etc including building, mining, salary etc etc)

= $3.88 a share.......in U.S. funds

That's over $5.00 a share Canadian dollars.....

So would projected buy out be somewhere around $5.00 based on these numbers

or am I completely out in left field without a glove?

Also.......what if that big area of land that they have yet to drill holds millions more ounces?
Does that become part of a spin off company?

Anyone offer some suggestions and/or corrections to my numbers?

BJ
Bullboard Posts