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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 May 21, 2021 7:47am
142 Views
Post# 33246599

RE:Desjardins Securities analyst John Sclodnick...

RE:Desjardins Securities analyst John Sclodnick...
05.20.21 Buy Initiated
Analyst JOHN SLODNICK
Desjardins
null star rating
$3.50
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All this makes for a compelling takeout target, and if it is acquired for the average price paid per ounce of recent Canadian projects, this would require a takeout premium of 37 per cent vs Friday’s (May 14) closing price.”
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Assuming AU values stay at $1500 or higher that 37% looks soft at around $4.00. Now if AU stays around $1800 US then 37% is an very poor valuation. Mind you from experinece one never gets what they think is fair valuation. On with permits and building the mine!
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