RE:RE:Valuation of the MOZ saleBecause MOZ sold out for $65 /oz M/I + indicated with construction 50% completed
Because gold is selling for $2000 / oz and the expectation with a 2.8 payback was @ $1600 / oz
Because gold is selling @ $2000 / oz the payback is only 2 years
Because there is plenty of exploration to be reported as they have not had a single hole reported in a year in spite of exploration aparently ongoing.
Because they sold out for a $40 Million placemnt at 60 cents when they had a short form in place since April 14th and did not sell any shares even though MOZ was trading @ 80 to a buck for months
Thats why....... The only good thing is CXB is trading in a slup as well and thus there is upside potential for both sides.
I still would have preferred covering the shortfall via the short form months ago which would have taken any uncertanty out of the MOZ ability to complete the projects.
And finally because they never made it PUBLIC that they were looking for a sutor or partner....
That why! JMHO
April 14th 2023
MARATHON GOLD CORPORATION $100,000,000 COMMON SHARES DEBT SECURITIES WARRANTS SUBSCRIPTION RECEIPTS CONVERTIBLE SECURITIES UNITS Marathon Gold Corporation (the "Company" or “Marathon”) may offer and sell from time to time the following securities: common shares in the capital of the Company ("Common Shares"); debt securities which may consist of bonds, debentures, notes or other evidences of indebtedness of any kind, nature or description and which may be issuable in series ("Debt Securities"); warrants to purchase Common Shares and other Securities (as defined below) ("Warrants"); subscription receipts convertible to Common Shares or other Securities ("Subscription Receipts"); securities convertible into or exchangeable for Common Shares or other Securities ("Convertible Securities"); and units comprised of one or more of any of the other Securities, or any combination of such Securities ("Units"); or any combination of such securities (all of the foregoing collectively, the "Securities" and individually, a "Security") for up to an aggregate offering price of $100,000,000 (or the equivalent thereof, at the date of issue, in any other currency or currencies, as the case may be), in one or more transactions during the 25-month period that this short form base shelf prospectus (the "Prospectus"), including any amendments hereto, remains effective.