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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Marathon Gold Corp

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Post by AlwaysLong683on Apr 04, 2023 2:02am

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Post# 35377798

MOZ or ARTG...?

Better bet for total shareholder returns from now until Q1 2025 (i.e., two years from now or the time both companies are expected to be close to or at first pour re. Stage 4 of the Lassonde Curve) as both companies are currently at approxmiately the same stage of their respective first mine builds.

Curren Market Cap: MOZ 317M CAD ARTG 877M CAD

Sources for the following data:

Marathon (MOZ)

Artemis (ARTG)

After-Tax NPV (5%): MOZ 648M CAD ARTG 2,151M CAD

Mine Life: MOZ 14.3 years ARTG 22 years

P&P Reserves: MOZ 2.7M ARTG 8.0M gold & 62.2M silver

Average Annual Production: MOZ 195,000 Au (years 1-12) ARTG 400,000 AuEq (years 1-17)

AISC: MOZ 1,007 USD ARTG 850 CAD (680 USD @ 1.00 CAD = 0.80 USD)

IRR: MOZ 22% ARTG 42.8%

First Pour Target Date: MOZ Q1 2025 ARTG H2 2024

Please post any errors I may have made in the above comparison.

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