RE:Headed up!!I was going to try and post some comparisons to MOZ.
Like Taylor Dart suggest UNDERVALUED. Some complain on dilution and costs.
A comparison of Marathon to B2B Gold's Sabina which was taken over and Marathon uses them in one of their presentation slides.
Sabina. The total brings the bill to $890-million, handily above the $610-million estimate that Sabina Gold & Silver Corp. touted at feasibility in 2021, and above the $740-million estimate that Sabina last promoted prior to B2Gold's acquisition of Sabina two months ago. Mr. Johnson and his crew took that latter estimate, pared away $70-million in savings they thought they could achieve, then added $130-million to cover "additional equipment, steel and tankage," as well as inflationary pressures on the cost of fuel and consumables. And so, although $340-million has already been spent, B2Gold is still looking at a $550-million tab to complete the build.
The mine, according to the feasibility study, is to run at 3,000 tonnes per day as a combined open-pit and underground operation, although an expansion to 4,000 tonnes per day is contemplated. The reserve, 18.7 million tonnes grading nearly six grams of gold per tonne diluted -- about 3.59 million ounces -- is sufficient to support a 15-year operation and good enough for an internal rate of 27.7 percent after taxes.
Marathon
$463 million ( at this time )?------ Sabina $890 Million.
Mine life 14.5 years +.------ Sabina 15 years ?
Moz has room to expand. All the takeovers from B2B, Kinross, makes Marathon the Wallmart Special and let's see just how well Manson's team grow the project? 70 cents was sweeter then 88 and boys and girls I am happy to average down.