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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 Sep 12, 2022 6:27pm
180 Views
Post# 34958011

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

RE:RE:RE:RE:Sorry but the worst is yet to come....They have $185 million US or $240 Million CAD....plus ( I assume it's in CAD dollars) the just raised $150 million CAD.....that's $390 Million and they need $500 million for the build.  That leaves a further $110 million CAD does it not?  The lease deal is separate. The "build" is $500 million (rounded off) 

As far as SKE is concerned it's a whole lot easier to raise funds with a rising stock price and a low share count for a materially better project. 

I don't know why you're trying to talk yourself into staying with something you must be deeply underwater with.  I think that's a mistake.

MOZ had a shocking cost over run....has a near penny stock price level...just diluted massively with warrants and by my math still will need $100 million to get it done....6 months later than estimated

I'd run not walk for the exit.  Hope isn't an investment strategy
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