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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 Aug 06, 2022 7:27pm
70 Views
Post# 34876695

RE:RE:RE:RE:RE:RE:RE:RE:At this moment...

RE:RE:RE:RE:RE:RE:RE:RE:At this moment...Well neither of us has a crystal ball unfortunately but it just seems that there are too many risks to bet heavily on anything.  I do certainly think that there is some upward limit to rate hikes before something breaks and when it breaks they will be quick to resort to more QE. Only problem is that the point of breakage could be double where FED funds are now and a number of months away. In the meanwhile there doesn't seem to be many tailwinds for gold.  That's not so say that the miners can't continue higher...I just prefer to have as many tailwinds as possible. 

I'd like to buy some copper names and a couple of lithium names too along with my chosen gold miners but if markets take another dump then everything will go along for the ride. Too much fear of loss for my liking now that it seems clear the path for rates is higher for longer and with as much trouble as the rest of the world has the dollar seems destined to remain strong or even stronger

Not a tailwind for gold or miners...so I'll wait.  I may miss out but I'd rather miss out than have to play catch up like I've had to do all year so far.  Someone with more guts and patience than I do would probably do best by just staying the course, adding on any weakness and waiting for payday which will surely come
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