Marathon Gold Corp MGDPF

Primary Symbol: 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.

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Post by Wynjoeon Nov 17, 2022 9:42am

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Post# 35106349

I like...

I like their assets, I like their location, like the prospects of finding more gold,but why buy here? Ore processing not for two years, not fully funded,(more cash will be needed before first gold is poured),and many things can go wrong.Buying in about a year and a half,maybe? but what can possibly drive s/p in the interim? Cost overruns always occur and in these turbulent times with rampant inflation and supply shortages I suspect this can be bought at super cheap prices going forward.What do you think?

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