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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 JayBankson Oct 12, 2023 5:25pm
89 Views
Post# 35681346

RE:RE:RE:SEDI

RE:RE:RE:SEDI I do agree with most of what your saying... there are very few things that make this name deserve upward momentum.

That said, as we get closer to construction completion (the last 3 months or so) I think will start to move the needle as if the price is still depressed that will be the optimal time to make a big gain in a shorter time frame.

Also the final financing, if non-dilutive, would likely cause upward momentum.

But there are the X factors that if your not in your gonna totally miss when they happen. Obviously if someone acquires us, the price could jump 25-60% instantly and the only warning we may get is a 'Halt'. Then there is general market sedimate/irrational bidding up, if other names start moving this would likely follow shortly after and has potential to move to 90 very quickly maybe a couple hours or days.

I've sat on the sidelines for many of the reasons you pointed out, and I have also point them out in other platforms and taken slack for it also, but I have jumped in because the scale seems to have shifted that the upside currently out weighs the downside potential. Sub 70 and while closer to finish line was the tipping point for me.
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