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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 AlwaysLong683on May 19, 2022 4:58am
104 Views
Post# 34694531

RE:What's it worth? At least double the current price

RE:What's it worth? At least double the current price
metalhead666 wrote: After tax NPV at current gold price of 1 Billion Can.....current market cap 500 million Can....Do the math....MOZ is trading at one half of current Net Present Value.  That is dirt cheap.  When gold hits $2500 US you can double this again. $3000 gold and double it one more time. It's worth $4 Can right now, $8 at $2500 gold and $16 at $3000 gold at least.

AND...none of these figures account for 100,000 meters of drilling, new all inclusive resource update, Victory, new discoveries etc

If any of you don't want to own shares I'm 100% certain there's a major or intermediate out there who does. #1 takeover target on my list.


MOZ is only worth:

a) The price per share at which it's currently trading at at any given point in time
or
b) how much another company is willing to pay for it at any given point in time,

not what you think it's worth unless you're the one who's buying the whole company.

What I do know is that it will take a lot of time and cost a lot of money to build the mine while not earning any gold revenue throughout the entire process, and once a company commits to building a mine, they better finish it and start pouring gold before looking for a takeout by an acquirer. If you change your mind and try to sell the company before you complete the build, my bet is you won't get what you think it's worth.

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