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.

TSX:MOZ - Post by User

Marathon Gold Corp > Sorry but the worst is yet to come....

<< Previous

Bullboard Posts

Next >>

Comment by Angelique01on Sep 12, 2022 5:37pm

171 Views

Post# 34957914

RE:Sorry but the worst is yet to come....

metalhead666 wrote: "The net proceeds of the Offering will be used to partially fund construction of the Valentine Gold Project, as well as for working capital and general corporate purposes."

"Partially" fund....Seeing as it's likely to drop to $1Can shortly and if the gold market takes another turn lower...there's considerably more dilution yet to come at even more onerous terms.

Just sayin....

You're not making any sense. Why would there be considerably more dilution to come? With this equity raise of $150M they are now fully funded to complete the $490M project. That's it for any equity requirements.
In terms of comparing it to Skeena, MOZ is fully funded with all permits in hand while SKE still has to go through the permitting and funding processes.
You have to compare apples to apples otherwise you will make erroneous statements like you did with your .25 NAV comparison.

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season