“Marathon Gold is a developer stock which checks all the boxes that investors look for—it has nearly 5moz of resources at relatively high grades for an open pit, which should translate into strong margins once it is in production. Moreover, it is in a safe operating jurisdiction and is well-advanced in the permitting process, with a feasibility-level study and demonstrated resource growth potential beyond that. All this makes for a compelling takeout target, and if it is acquired for the average price paid per ounce of recent Canadian projects, this would require a takeout premium of 37 per cent vs Friday’s (May 14) closing price.”