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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 metalhead666on Jul 05, 2022 4:35pm
138 Views
Post# 34803218

RE:Marathon Gold Needs To Be Stripped of "Strong Buy"

RE:Marathon Gold Needs To Be Stripped of "Strong Buy"Brokers and Bankers know next to nothing and should never be relied upon. A mining analyst can detail things of importance and aid in your due diligence but they basically know nothing about the macro economy which is steering the gold miner ship right now.  When the US dollar soars golds relative value falls. It's going to take a couple of things for you to see $3 again....

1. The final permit

2. The resource update

3. The revised feasibility study

4. Continued excellent drill results

5. The equity portion of financing

6. The FED to fold driving gold to new all time highs

I fully expect all of these to happen in due time.  I clearly bought too early but I see no reason to change my thesis now and continue to add shares as cheaply as others are willing to part with them.
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