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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 Ridgebackon Sep 15, 2022 8:31am
78 Views
Post# 34963866

RE:RE:General thoughts

RE:RE:General thoughtsAngelique, your comment.

Market cap around $270M.  Fully permitted, fully funded with all bad news priced in.  Don't see too much more downside.  Fully aware of the 492 M shares yet given position now on the much vaunted Lassonde curve will continue to hold MOZ.  Already have a sizable stake in Skeena so will continue to diversify gold holdings. As for buyout certainly less probable now but one never knows what is happening behind the scenes. 

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One never knows about Lassonde theory, perhaps Pierre would have a better idea or perhaps a wild card and someone is lurking behind the scenes and does decide to have a go at MOZ now that all the green lights are on? Good project with good payback for a mid level miner or one with deep big pockets. I don't see much more pain given the merits of the property.

MOZ presentation will be available to view in the USA Friday.


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