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Marathon Gold Corp 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

Post by brianjameson May 04, 2020 4:44pm
190 Views
Post# 30985327

Going Forward

Going ForwardIn the following months, this placement will be well behind us, and the small percentage of the total shares that it involves does not worry me too much.  Sure.....today if may have affected the share price, but as this evolves I think we will all be glad we have the money in the bank for future financing of all that is to come.

I re-did my calculations from before ($2.75 to $3.25 share price) and it changed them so very little I'm sticking with that as my future share price prediction.  

BJ
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