Marathon Gold Corp T.MOZ

Metals & Mining Gold

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.

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Marathon Gold Corp > Updated Feasibility Study and Gold Price Assumptions

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Comment by AlwaysLong683on Jul 10, 2022 6:34pm

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Post# 34814123

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Updated Feasibility Study and Gold Price Assumptions

Yeah metal, gold stocks are not usually good "buy and hold" candidates. I like your "I rent them" approach. Over time, I think most gold companies generate below average total returns (capital gains + dividends), but if you are in when they pop, you might double or triple your money is a very short time. Then it may be time to consider crystalizing your profits and moving on. Like the old saying goes: "Bulls Make Money, Bears Make Money, Pigs Get Slaughtered".

On second glance, I think your ARTG suggestion is intriguing. Their Slide Presentation dated July 2022 is very well done in my opinion. Management seems to be very good and eats their own cooking (like you stated, the Board & Management own 41% of the company), and they appear to cover many bases re. things that can go wrong during a build and / or accounting for contingencies. The only thing I am not big on is their resource estimates include a lot of silver. I realize they have a stream agreement with Wheaton for some of the silver (which I think is a good move), but like you said, hard to find a company that ticks all one's boxes

I know you referred to the Lassonde Curve, and if I'm not mistaken, "Stage 4" begins when the financing has been completed and construction of the mine begins. ARTG seems to have passed MOZ re. already being fully permitted and funded, so they may start construction before MOZ does. SBB may do likewise.

Here are the current market caps (source: TMX Money):

ARTG 704M

SBB 537M

IAU 526M

MOZ 359M

One question re. IAU: They have four mines - are they all on virgin land or have these claims been mined before...?

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