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

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Post by Ridgebackon Mar 21, 2021 9:42am

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Post# 32846599

Older opinion from Mr. Dart

Dec 2020.

Given the company's exceptional economics in a Tier-1 jurisdiction and continued drilling success, which should add to the mine life, Marathon continues to be a top-5 takeover target among my top 12 top takeover targets in the sector. However, with the stock trading within 10% of its target price, I don't plan to add to my position at current levels. Ultimately, the best-case scenario for investors is no takeover and the team taking this into production, because while it will lead to a longer investment timeline, my fair value in production is above US$3.25.

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