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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 Sacks48on Sep 22, 2022 7:06pm
64 Views
Post# 34980474

RE:Simple math says MOZ is higher today than it was Sept 1st

RE:Simple math says MOZ is higher today than it was Sept 1stYou are forgetting to account for 2 things. People in the know sold it down to 1.38 cause they knew about pp and the 150 million is sitting cash in there account so when you do the calculations you can't account for the new os and not the cash received for them because that means your are saying moz gave 136 million shares for free. You need to deduct the 150 million from the 362 you got and that will bring market cap to 212 million. See the new shares and the money kinda cancel each other out. Now if they had a 150million in debt that they paid off then your math works as the 150 million wouldn't be in the bank.
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