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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

Post by templetooth2on Mar 30, 2021 7:31pm
252 Views
Post# 32911215

Summary

Summary
From  what I've pieced together from here and elsewhere, CIBC target $4 :  Raymond James target $3.50 ;  Scotia target $3.25 ;  Taylor Dart's "fair value" US$2.23  (Cdn $2.87) based on $105 per oz in the ground, 4.6 million ounce resource including Berry.

The TD summary (Thank You, R) didn't express an actual price target but DID include the helpful advice that the Berry prelim. resource number would be forthcoming in April. I'm sure that competent mining types already have a solid "vague idea" of what Berry/Sprite adds to the equation, but I do not. I recognize that the mining business is one glacial step at a time, but if Berry is in the vicinity of 2 million oz as per Taylor's estimates, would seem to me this Feasibility Study is cooked before the ink is dry.

Anyway, I think open pit Nfld. ounces are worth more than US$105 but TD runs pretty conservative numbers, which is OK by me.
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