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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

Post by Angelique01on Dec 02, 2022 6:27pm
285 Views
Post# 35147887

Sold my MOZ

Sold my MOZWas going to wait for Feasability Study but lure of a developing polymetalic and gold deposit in Nevada was too strong.  Couldn't sell at the .80 cent range (too low) but took a capital loss in the upper .90's. Hard to hold investment once confidence in management has been eroded. Environmental permit delay, capital cost escalation, financing debacle, granting of options to everyone and their  cousin, and the whole illogical sequencing of events this past year. Bloated share count. 
Once warrants are exercised MOZ share count will be 460-470M shares.  Best case for FS lets say NPV is $900M including Berry deposit  offset by cost escalations and higher capX.  Works out to $1.90 per share.  If $800 NPV then $1.70 per share.  Nothing special. Upside secure but limited with Marathon.   Also assumes nothing else can go wrong with this project.  Bottom line is better opportunities elsewhere.  Time to be invested in only the best of the best not diversified. 
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