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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
Comment by MudCreekeron Nov 01, 2019 2:48pm
151 Views
Post# 30298708

RE:MOZ Maybe Overvalued Given Its M&I

RE:MOZ Maybe Overvalued Given Its M&IOne thing really sticks out in your assumed values for ounces in the ground - P&P are worth over 5 times what M&I are worth. 

A positive feasibility study converts M&I into P&P.  So we should expect (if these assumptions are right) that the value of MOZ will go up by a factor of 5 when that stage is reached.  Of course, not every deposit gets a positive feasibility - that's the risk.  Most of us here are pretty confident thst this will be a mine some day.  And the closer we get to that the less risk there is, and the more of that premium gets baked into the price.  

Another way to look at it is how many ounces of P&P  would it take to justify the current price?  172 million shares x $1.64 per share / $160 per ounce = 1.76 million ounces.  So it's overvalued at the current price if they can't feasibly mine at least 1.76 million ounces of the 5 million ounces they've found.
Bullboard Posts