Marathon Gold Corp MGDPF

Primary Symbol: T.MOZ

Metals & Mining Gold

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.

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Marathon Gold Corp > Ignorance on the funding of a new mine.

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Comment by Ridgebackon May 22, 2020 10:33am

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Post# 31060587

RE:RE: Ignorance on the funding of a new mine.

We all know what it takes to build a mine. We also know unless there is a takeover,J.V. or merger they will get a bank loan as well and lease agreements for equipent. What we don't know is how the new management team will progress to the point of financing, through streaming funds, bank loans and just how much dilution and management options will come into play before that happens. How would 400 million shares sound? Who knows what the future brings especially given the price of AU.

No doubt Manson has an experienced team and they will get rewarded for their expertice. One reason I expect a modest price before I move on after eons of knowing and seeing this was and is a great project. So hang in there friend I hope you see well past my expectations.

I do hope the future share count remains reasonable around 250000-275000. and as the analyst predict and a $2.50 share valuation long before there is an increase in the number of outstanding shares, perhaps gold holds at these stellar levels and just perhaps someone with deep pockets comes out of the blue seeing the summer 2020 drill results have increased the Marathon "Pot O' Gold" substantially.

TODAY"S TRIVEA.
Not much to add until mid June only the short list. No that it means much at this time.

Short Positions for MOZ