RE:RE:RE:Iknnews.com…..really ? wtfMoz has some updates on their site and still in progress as I see it. Mine with 3+ pits and from what I see the resources will grow, life of mine extended with the addition of Berry and Victory deposits all showing continuity across the exploration zones. While we may not like the low price for the share issue the fact is this will still be a large profitable long running mine for someone Moz or ? Years to payback not yet updated. Take it for what its worth are new shares better than more debt? Inflation has hit them and others hard and to do what they have in mind won't be done on a penny budget. I don't expect detailed analist updates until all the information is presented. I do expect analysts to continue to view Marathon as a leading project in Canda with potential M&A. as the project moves ahead.
September 2022: Construction Decision 100% OWNERSHIP IN CENTRAL NEWFOUNDLAND 4.0 Moz MEASURED & INDICATED (64.6 Mt at 1.90 g/t Au) 1.1 Moz INFERRED (20.8 Mt at 1.65 g/t) $185M SECURED DEBT FINANCING.
US$81M EQUIP. LEASE
C$62M IN CASH AND CASH EQUIVALENTS1 13 Yr MINE LIFE 2.05 Moz MINERAL RESERVE
Unaudited cash balance at June 30, 2022, not including C$150m prospectus offering announced September 12, 2022.
Cost C$470M-C$490M COST TO COMPLETE
Schedule SEPT 2022 EARLY WORKS END 2024 ORE TO MILL