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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

Comment by BGraham2on May 13, 2020 8:33am
120 Views
Post# 31021049

RE:RE:RE:RE:RE:Today's Trivia

RE:RE:RE:RE:RE:Today's Trivia
RB;

It pains me somewhat to see the change of tenor in your writing of late.

I know your are more experienced than I, but i've never seen a project like this proceed without multiple financings.

Looking back at some NL and QC projects that I had some involvement with - ie Labrador Iron Mines, the Voisey's Bay nickel project of Diamond Fields (b4 the sale), the Bloom Lake Project b4 the Cliffs debacle - all came with multiple rounds of financing and, depending on a persons timing which as you know is a big part of this game, all these projects provided ample opportunity for fantastic investment returns.

Aside from this - as one writer on Kitco points out lately - something is coming soon in gold. 
I know there is little regard for TA here but charts of the USD and gold indicate to me that something is about to break in the USD and gold markets.

Of course one never really knows what way the USD and gold markets will move, but given economic and monetary conditions globally, it seems the odds should provide a likelihood of a move up in gold rather than a downdraft.

I'm waiting here with bated breath to see.

You've been a stalwart here on this board , your input is invaluable.

If you really feel the stock or the project is in trouble, i would appreciate it if you could explain in greater detail just what it is that you see as so negative.

Best regards;

BG
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