Marathon Gold Corp MGDPF

Primary Symbol: 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 > To repeat the question

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Post by templetooth2on Aug 25, 2022 7:56pm

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Post# 34921334

To repeat the question

Sorry, future drill results are meaningless unless Fort Knox suddenly gets moved 20 degrees northeast.

Does no one on this board care to GUESS the amount of the equity raise?

As I posited earlier, the range appears to be from $75 million to $260 million. Could drive a truck through that estimate range. Which is why it's so important to the stock price: at $1.60 per share, a modest discount to today's price, we're looking at at 47 million to 162 million additional shares on top of the current 270 million shares. So that's 17% - 60% further dilution.

Again, guesses??

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