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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 sr500loveron Mar 30, 2022 8:09pm
163 Views
Post# 34561099

RE:so I have to ask,,,,,,,,,,,,,,

RE:so I have to ask,,,,,,,,,,,,,,You're either exceedingly new to this stock or remarkably ill-informed - most likely both. 

Developing any mine is a 3-year process MINIMUM from the issue of a PFS when you factor in environmental, indigenous and community consultation; the development of a bankable feasibiity study; the subsequnt refinement of the feas into detailed engineering; the procurement of financing on acceptable commercial terms; the assembly of management expertise, including stakeholder engagement, permitting, and large-scale consruction management; the acquisition of approximately 250-300 operating permits; and the actual construction of the mine.  None of this stuff happens out of order, and right now the name of the game is "get out of the EA process".  That'll happen in fairly short order

Valentine going to production instantly puts MOZ/MGDPF very close to being an instant intermediate producer.  Berry and whatever comes next (because there's basically no area that's ever been drilled along the VL Thrust Fault that's come up dry) turn this into a 20-year mine.  This is a big effing deal, and there is absolutely nothing served by trying to rush it.  Development mistakes tend to create bad outcomes that last for years.

As to your remarkable comment:  a) you didn't have to say it, trust me, and b)MOZ will be in construction within 6 months or so.  Time will tell if their team can get it done on time and on anything like budget given the dramatic inflation pressures on everything connected to mining projects these days.

As to Anaconda, Valentine dwarfs Goldboro in size (and projected returns), and Goldboro is less advanced than Valentine.  Not sure how you got the idea that the ANX team would be a step up.

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