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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 Ridgebackon Nov 29, 2020 10:40am
129 Views
Post# 31996567

RE:RE:If in 2 or so years.....................

RE:RE:If in 2 or so years.....................

I won't make any predictions on takeover estimates. Too often I  have been disappointed in the final offer. As for the price of Au or for that matter Ag it won't have much influence on Marathons valuation other than they will reset the valuation based on what appears to be a move up to the $1500.00 US mark. No one can be sure of where the price may level off at not even Pierre Lassonde.

Guys and Gals I strongly believe the new drilling zones will be the catalyst that move the stock over the next few months. I had a sell target of $3.00. That being said Mr. P.L.'s contribution and expectations of the exploration may offer some insight that the Marathon project may have some substantial upside to push towards or better than Five Million ounces. All just speculation until further assays come in this year. In 2021 new drill results may actually confirm another open pit of substance? If so given Marathon's facts and all in costs would $3.00 be undervalued at five million plus ounces. I have seen other companies in the past go for much more and have to do a lot more engineering to pour the first ounce.

My view is wait and see what the new zones prove. No doubt with a hefty institutional base building there is some positive momentum ahead.

Yesterday I saw an article on a group of top 8 companies to expect exciting performance. Marathon makes the list.

https://www.mining.com/global-exploration-snapshot-companies-with-exciting-projects-on-the-go/

PS
Curse don't leave the party too soon, "life is like a box of chocolates you never know what's inside until you take a bite?" I have a mouthfull.

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