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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

Comment by leafs2018on Jul 24, 2020 8:42pm
159 Views
Post# 31317590

RE:May PP in Review

RE:May PP in ReviewYou do know that the banks didn't hang on to those shares, right? They acted as agents and lined up buyers for them on the other side, receiving commission for their efforts.  At the time of the PP, that was what the market was determing in the value of this development miner - much like the producers, etc.  Gold price was much lower.  People act on the information they have at the moment and their expectations of the future.  Good on the investors for investing and having the faith in the play and the management team for continuing to develop the play.  I got in at 1.70 and peeled a little off today.  Gold is all anyone can talk about so it may consolidate here for a bit before shooting higher (all dependent on the USD, continued central bank stimulus, inflation expectations, etc).
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