Marathon Gold value as compared to Atlantic
An easy/quick calculation would be this. AGB was bought for $800 mil. Let's assume their capex was $350 million like Marathon's will be. That would leave you with $450 mil for 2 million ounces or a little over $200 per oz in the ground. So Marathon easily has 5 million ounces that give them a Billlion buyout minus $350 million for Capex leaving $650 million for a buyout. I'm using US$ That would give MOZ are share value of $4.07 US$ or about $5.43 canuck This is assuming they have 5 million oz which is almost completely proven and assuming they don't expand the resource further. Somebody is going to want to buy them IMO. Great climate, friendly country, support from the govt. etc. And alot more potential for more ounces.