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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 Dec 16, 2019 6:16pm
113 Views
Post# 30461111

RE:RE:Update

RE:RE:Update

The numbers will be in the PFS.  

While I like this, I think the market might not, and tomorrow might be a buying opportunity.

The resource estimate will be delayed a few weeks.  In the grand scheme of things that means nothing, but I doubt the market will applaud that.

The project is getting smaller with the elimination of the heap leaching and the smaller starter mill.  I doubt the market will like that either. 

On the other hand,  both those changes make the initial capital requirement smaller, which makes the project more doable for someone who has no capital, like MOZ.  So the go-it-alone option becomes more credible.  A potential buyer who has the capital doesn't have to approach the project that way - they can make their own plan and go big immediately.  But they'll be less able to negotiate a bargain basement buy-out price when the guy on the other side of the table can credibly walk away and develop it himself.

 

Bullboard Posts