Marathon Gold Corp MGDPF

RE:RE:RE:RB sed:

[AlwaysLong683]

Junior explorers and those that have initiated a mine build typically need great news releases to pop the share price. Even those that have shown next to nothing can get a big shot in the arm if they produce news that surprises the market to the upside. If it's signficant enough, most of the bump in share price can stick. However, such a jump typically doesn't last as speculators buy and sell for a quick buck and others soon realize that the company still only has a little more than next to nothing to show for itself. Such companies can also go along for the ride if the junior non-producers in general go on a run, but again, likely to pull back unless the company stands out in some way that exceeded market expectations.

According to MOZ's January 2023 Slide Deck Presentation, its target for first pour is sometime in 2025, so they won't be able to take advantage of gold prices until then re. sellling ounces and generating revenue. Because of past mistakes and delays experienced by MOZ, not sure if the share price will do much unless the price of gold explodes and the rising tide lifts all boats, but again, unless MOZ shows something special and unexpected, one could be invested in other companies and still get the benefit of the run-up in share prices.

My own philosophy is high-quality management is key in these endeavours. MOZ's big bosses messed up the permitting process and underestimated costs which led to delays. Interest rates are significantly higher now than they were a year ago and inflation is still stubbornly high. Hopefully MOZ has locked in fixed prices for mine-build engineers and other contractors, supplies, labour, etc. If so, they are in better shape than others given the rise in interest rates and inflation that has transpired over the past 18 months (inflation 18 months, interest rate increases 12 months). Nonetheless, it's going to be a while before they start pouring gold and generating revenue. ARTG, IAU, SBB are roughly at the same stage of a mine build as MOZ for those looking to perhaps diversify a little or change horses. Of course, DYODD as I am not invested in any of these names.