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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

Bullboard Posts
Post by MudCreekeron Nov 15, 2017 12:19pm
237 Views
Post# 26968874

More important than the math...

More important than the math...IMHO, the message sent by this move is pretty clear.  You don't buy back a future royalty unless you're 100% sure that said royalty will become payable in the future.  If there is any doubt about development, you use that money to advance the project. 

These are smart guys, and not the type that engages in wishful thinking.  They already know the inputs to the PEA.  They can do the math and have a a very good handle on the most likely outcome of the PEA. They chose to buy back the nsr while it was still just a deposit, before the PEA is done, and the project becomes a future mine, and the price of the nsr goes way up.

In other words, our management is 100% positive that this will be a mine some day.
Bullboard Posts