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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 Koko391on Sep 02, 2022 9:17am
132 Views
Post# 34937666

RE:Manson's comments.

RE:Manson's comments.He might have missed some key points.  Underestimated schedule by 27% (22 months is now 28 months).  Misdirected markets recently by projecting a 20% cost spike due to inflation which has now jumped to 58%.  Board issued a go decision on Construction prior to receiving the "in progress" Feasibiliity Study which would appear to put the cart before the horse. Pivoted from a fixed price contract in the spring for the mine build to in house construction management to better control costs resulting in a jump on projected costs from $370 million to $490 million.

I'm long on MOZ having been invested since the former Marathon PGM sale, but it gets tougher to believe in this management team on a daily basis.
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