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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 babybelugaon Feb 05, 2020 8:27am
73 Views
Post# 30644818

RE:Time for your big boots Mr. Manson

RE:Time for your big boots Mr. MansonI'm honestly curious what you think Mr. Manson should be doing differently?  What "math is very clear" that you think Manson isn't seeing?

As I see things and as the company has stated and presented there is little to no reason for a cash raise/dilution until project financing.  In the mean time steps need to be undertaken to prior to the mine build such as PreFeas and Feas studies which they are working on and towards, respectively.  Since Manson has come on the majority of the drilling has been for upgrading the certainty of the ounces which is a step towards production.  He has been much less concerned about finding every ounce.  The only primary times that MOZ has done and plans to do exploration drilling with Mr Manson in charge is when it will not be slowing down the push towards production. 

I agree that in the past MOZ has done a lot of exploration work but guess what...if they had rushed this thing straight into production they may have also sold out while being valued at a lower gold price rather than the price we are seeing today.  
Bullboard Posts