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Bullboard - Stock Discussion Forum 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... see more

TSX:MOZ - Post Discussion

Marathon Gold Corp > Summary
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Post by templetooth2 on Mar 30, 2021 7:31pm

Summary

From  what I've pieced together from here and elsewhere, CIBC target $4 :  Raymond James target $3.50 ;  Scotia target $3.25 ;  Taylor Dart's "fair value" US$2.23  (Cdn $2.87) based on $105 per oz in the ground, 4.6 million ounce resource including Berry.

The TD summary (Thank You, R) didn't express an actual price target but DID include the helpful advice that the Berry prelim. resource number would be forthcoming in April. I'm sure that competent mining types already have a solid "vague idea" of what Berry/Sprite adds to the equation, but I do not. I recognize that the mining business is one glacial step at a time, but if Berry is in the vicinity of 2 million oz as per Taylor's estimates, would seem to me this Feasibility Study is cooked before the ink is dry.

Anyway, I think open pit Nfld. ounces are worth more than US$105 but TD runs pretty conservative numbers, which is OK by me.
Comment by Ridgeback on Mar 31, 2021 6:47am
See Bottom for latest Sprott link and an opinion we all see at the very bottom. 03.28.21 Buy Maintained Analyst Tom Gallo TOM GALLO Canaccord Genuity 3.7 star rating $4.25  03.11.21 Buy Reiterated Analyst Craig Stanley CRAIG STANLEY Raymond James 0.7 star rating $3.50  02.02.21 Buy Maintained Analyst Ovais Habib OVAIS HABIB Scotiabank 3.5 star rating $3.25   ...more  
Comment by BGraham2 on Mar 31, 2021 8:10am
Great info RB - thanks for that. Gotta wonder how long and how deep this tendency toward steepening US yield curve and rising USD will affect gold investments? Is the steepening suggesting an economic contraction (or worse) is at the doorstep? When does some kind of chit hit the fan and drive the masses back into gold? All this uncertainty could provide some very good opportunities in ...more