Marathon Gold Corp T.MOZ

Updated Feasibility Study and Gold Price Assumptions

[Angelique01]

Let's see what the base case assumptions in the updated feasibilty study will incorporate for the average gold price over LOM. 

$3,000   Don't think so.
$2,000   Closer but no cigar
$1,500   DING DING DING Probably the same as the 2021 FS

I'll be happy if the gold price over the next 3 years remains above $1500.
Fully anticipate benchmark overnight rate to rise to 3% to 3.5%  by end of this year.

At $1,500 project will still show strong economics.
Even at $1,300 numbers will be robust.
At $3,000 well it's always nice to fantasize.

[metalhead666]

You only need to connect the dots....Massive unfathomable debt while the FED is jacking rates = massive recession/depression along with another credit crisis....see Italy, see Japan, see the US government....the whole house of cards is collapsing and the central banks will be FORCED to try and print their way out of anarchy in the streets.  It's inevitable, unstoppable, underway....and

[Angelique01]

Will Fed cause recession by raising rates to 3.5% which would be slightly above the neutral range?  Hardly!!!!   Looks like a lot of fearmongering to me.  Your unsubstantiated hypothesis is lacking  empirical data and fact. 

[metalhead666]

Oh really?  Housing is already collapsing. Stocks and bonds both had worst first half in 60 years. Double the interest on the national debt, corporate debt, consumer debt...do the math.  Italy, Spain, Portugal, Greece already tettering on the brink again with zero rates!   Inflation at 40 year highs. War in Europe.  Do you live under a rock or are you just stupid and

[Angelique01]

Pompous idiotic dribble!!!   Housing is already collapsing.  What a load of BS.  Although homes sold for less in June than in May home prices still higher than last year. Stocks and bonds both had worst first half in 60 years.  So what.  That is what happens when you have a stock bubble and a 13 year bull market. DOW still over 31,000.  Nasdaq over 11,600. 

[metalhead666]

Mortgage rates have doubled in a couple of months...housing affordability the worst it's ever been War with Russia on the European Continent threatening global famine...just wait for the Oct harvest numbers Worst start to a year = 31 TRILLION gone to money heaven Major countries on the brink go over the edge then what stupid? Getting inflation under control = destroying economies and

[AlwaysLong683]

If all these things are true, why is the price of gold still under $1,800...?.....What is it waiting for...?.....Unlike copper, iron ore (steel) and aluminum, gold is a commodity with very little practical utility (jewelry and extremely tiny amounts in electronics is about it), There are no solid gold cellphones, cars, refridgerators, etc., you can't eat gold like you can wheat or corn or oats

[metalhead666]

That's mostly correct.  Moods change, quickly and radically.  When the masses throw in the towel on stocks, debt and $hitcoins there's only one place to go. If only 5% of avalible investible capital flowed into gold it would skyrocket. It's coming. The trigger will be an escalation in the war, entrenched inflation, a FED "pivot", the next down leg in stocks....or

[AlwaysLong683]

Oh yeah, and one other thing: MOZ hasn't even started its mine build yet, and their target date for first pour is "...by the end of 2024" (MOZ PR dated Apirl 12, 2022).  Therefore: 1) MOZ isn't gong to be selling any gold for at least another 2 1/2 years. 2) If inflation remains a problem, this will in all likelihood increase the cost of the project. 3) What do you think

[metalhead666]

It will follow the Lasonde Curve which it is just entering the sweet spot of....it will follow gold as markets look forward....management is the best.....it will come in as predicted.  You buy projects like this when they make the construction decision and sell when the declare commercial production...rough guide for maximum gains with the least risk

[AlwaysLong683]

What do you think of SBB vs. MOZ?

[NineLives]

Angel-SBB has a boat load of shares outstanding over 1/2 Billion. For me personally I won't invest in any company going into production once their shares start topping 1/4 billion o/s. So SBB will probably consolidate at some point. Check out KRR, already producing and ramping up to 200,000 oz's in 2 years. Lots of cash much lower o/s, in Oz - safe jurisdiction. $3 a share.

[NineLives]

Yep and MOZ just topping over 1/4 billion o/s so watching their financings carefully. All the more reason they need the stock back over $2 a share.

[metalhead666]

KRR is low grade and dependent on nickel by-product credits...they do have a second mill and big plans but the CEO Paul Heuet is not anyone I'd bet on I-80 is a much better play....fully permitted with a roaster to process sulfides, huge grades, all in Nevada, 4 mines with a solid plan to be a 400k producer or  AGI Alamos....will have one of the top three highest grade most profitable

[AlwaysLong683]

Yes, MOZ has approximately 256M shares outstanding and a market cap of roughly 356M. SBB numbers are 548M and 534M. Personally, I look at market cap when evaluating a company's value as opposed to how many shares outstanding they have. SBB is already fully permitted, very high grade assay results, fantastic Mineral Resource numbers, and has approximately 70% of their mine build contracts

[NineLives]

All good info thanks guys. Always looking at other plays. Good luck to us all but research, research paramount.

[bufordpusser]

Any project that requires an airstrip should be avoided.

[metalhead666]

Absolutely!  Given how volatile and dangerous betting on miners is, it's best to avoid a number of things.... Anything in a 3d world country....Africa, S America etc Anything where it gets to -40 below zero Anything without grid power..hydro is best Anything that requires road building Anything not near an established mining camp....labor Anything not considered high grade Anything

[AlwaysLong683]

According to the most recent slide presentations on their websites: MOZ Slide Presentation - July 2022 SBB Slide Presentation - June 2022 Estimated Cost of Initial Mine Build:    MOZ     $305M CDN      SBB      $610M CDN Estimated All-In Sustaining Costs (AISC):  MOZ   $833/oz USD      SBB    $775/oz

[AlwaysLong683]

One other consideration to add to the mix: SBB is not alone in Nunavut. AEM currently has three producing mines in Nunavut (Meliadine, Meadowbank, Hope Bay)

[metalhead666]

Yep but they have Kirkland Lakes assets now...Macasa and Detour....at least their projects in the far north are built....labor is an issue though

[Specific]

I agree metalhead. I would add LIO to your list. Very high grade in Fiji. Some pundits compare it to NFG and GBR.  They own 8 drill rigs, have their own assay lab and there is no warrant overhang.  renowned Quinton Hennigh is an advisor  some tidbits... https://www.streetwisereports.com/pub/co/lion-one-metals-ltd

[metalhead666]

I've looked into it but won't touch it....it's a very unstable government and a long way from nowhere.

[AlwaysLong683]

Metal, what are your thoughts on AGI having a producing mine in Mexico (do you consider it a "safe" juisdiction?) and their foray into Turkey?

[metalhead666]

The Turkey venture has been written off but there's some chance they could win a court battle for some serious coin....I don't like Mexico but it's a small part of the total....What I like is Island Gold...it's like what Fosterville was to Kirkland Lake.  The problem with anything in the mining space is that they all have some warts...there is no perfect miner.  This is

[AlwaysLong683]

I agree. If you want to be in the junior gold exploration / mining space you have to assume some risk as each company will likely have some cons to go with the pros, so you basically do your due diligence / research and see if there's one or more companies that has a risk/reward profile you're comfortable with based on its current share price and market cap and hope for the best.

[metalhead666]

Yep.  I'd add....You have to have a thesis on gold as well. As we're seeing now a sinking tide lowers all ships. I've been too early in my buys but I scale into positions over time. I should have waited until after the FED jacks rates in this next time...that should dump us into recession for sure...won't be too long until they're forced to back off and start printing

[AlwaysLong683]

Yeah metal, gold stocks are not usually good "buy and hold" candidates. I like your "I rent them" approach. Over time, I think most gold companies generate below average total returns (capital gains + dividends), but if you are in when they pop, you might double or triple your money is a very short time. Then it may be time to consider crystalizing your profits and moving on

[metalhead666]

They are all existing mines. All in Nevada. All have very high grade. There's going to be some underground and open pit. The big thing is the autoclave they got in the deal which will allow them to process sulfide ore...there's only 3 of them and they have one.  It opens up a massive resource nearby. They have the second largest resource in the state or maybe N America. Go look at the

[unoriginal_username]

Open pit is always cheaper . This is a steal at these prices 4 million oz and more to discover . Sbb is a great buy as well . But I like the location and open pit Marathon gold will be a major player in the future imo

[BGraham2]

Jeez MH666 - us boyz on here givin ya a bit of a sarcastic time! Can't say that even I like yer bullboard persona (*lol) -- but hell, i think you're bang on the barrelhead with yer take on whats goin on in a macro sense.   Ever since the 1600's or so the financial boyz have agitated for lower rates of interest as the panacea for the worlds woes. Problem is , prolonged

[metalhead666]

Exactly.  Don't leave out social security being bankrupt, political class only gets elected now on promises of more free $hit...just like the Roman Empire.  The dollar as world reserve currency under attack from all corners as no one wants to the Russia sanction treatment for crossing Washington...I could go on and on....2 million acres of Alaska on fire now yet we're burning

[theCurse]

Everything has now been inflated and most things are not coming back to the old price points. Obviously, oil is heading back down when the Ukraine war is "resolved" but most consumer goods may fall back but never to the prices pre-covid.   But LOM $1500, I certainly think that is too low.  jmo. What many gold bugs seem to overlook is that gold at $3000 shortly does not

[metalhead666]

I didn't make the world the way it is so I neither morn or revel in the collapse....only an idiot wouldn't take advantage of it And oil is not coming down once Ukraine is resolved...the sanctions on Russia will remain we're not ever going to kiss and make up 8:29p Putin threatens Ukraine to agree to terms, or else the worst is yet to come

[theCurse]

According to your recession/depression ideas - oil is definitely going down..ukraine or not. tC

[metalhead666]

At least 3 million barrels of oil will be forever shut in this winter as Russia can't maintain them...they are going freeze up and cannot be restarted....you'll see Oh and demographics also ensure a depression which will crush demand but not enough to offset lost Russian capability being forever lost

[metalhead666]

Real wages have been in almost continous decline...the UK will see a 2% drop this year..a record...consumption for the "landfill economy" has been maintained by DEBT. Record auto debt, student debt, credit card debt, housing debt, personal loan debt, sovereign debt, corporate debt...all of it at all time highs maintaining the illusion of a thriving "landfill" economy. 

[theCurse]

Oil already 20% down from it's high of 120.  My guess is 60-75 over the next couple of years. Higher than some think. tC

[metalhead666]

Oil is going to $150 as Russian oil goes offline for good this winter. 3 million barels per day shut in for good