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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 > I like...
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Post by Wynjoe on Nov 17, 2022 9:42am

I like...

I like their assets, I like their location, like the prospects of finding more gold,but why buy here? Ore processing not for two years, not fully funded,(more cash will be needed before first gold is poured),and many things can go wrong.Buying in about a year and a half,maybe? but what can possibly drive s/p in the interim? Cost overruns always occur and in these turbulent times with rampant inflation and supply shortages I suspect this can be bought at super cheap prices going forward.What do you think?
Comment by Ridgeback on Nov 17, 2022 11:52am
Possible scenarios Takeover potential given the following catalysts? Share price appreciation once the upcoming resource is announced in the next few weeks including adding in the new Berry Zone? Exploration on new zones prove additional resources along trend? Deeper drilling confirms a continuation of resources below the pits could include a deeper mine. Life of the project extended to 15 years? ...more  
Comment by cashworx45 on Nov 17, 2022 12:53pm
https://nasdaqnewsreports.blogspot.com/2022/11/verge-of-breakout.html
Comment by yureja42 on Nov 27, 2022 1:48pm
This post has been removed in accordance with Community Policy
Comment by yureja44 on Nov 28, 2022 12:35am
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Comment by Ridgeback on Nov 22, 2022 8:51am
One thing I don't like is how painfully slow the incoming assays are compared to other companies in other provinces. Last one was 2022-09-12.  Must be one heck of a backlog at Eastern Analytical?
Comment by Mustlovedogs01 on Nov 22, 2022 9:07am
Of course this is unthinkable, but it seems like the perfect set up for a theft of MOZ.  Again, crazy talk!  Tax loss selling?  Just in time for the FS.  Seems like this new FS has been the plunder of MOZ?  It could be reasoned that it would be released before tax loss selling, and the holiday season?  Or, maybe just in the center of it all?  Crazy talk, this is ...more  
Comment by Mustlovedogs01 on Nov 22, 2022 10:29am
Ridge. Strange isn't it how assays are non existent??  You are correct for concern in my view.  One would think that release of assays would have not only supported MOZ but moved it to a price level where it could be technically strong?  NOPE!!  Again, the perfect storm...  Matt, you're not holding partial assays at this time are you?  HMMM. Would be strange ...more  
Comment by newmoney14 on Nov 22, 2022 4:55pm
Be careful investing in this company with its current management.  Just take a look at the history of Stornoway Diamonds, where Matt and his buddies made out like bandits with huge salaries while running  Stornoway into bankrupcy. nm
Comment by someday2 on Nov 23, 2022 9:23am
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Comment by Wynjoe on Nov 25, 2022 7:45am
That's my biggest concern, by the time gold is poured the company will become overrun with debt. Most ceo,s and upper management just spend spend spend and give away options and shares like there's no tomorrow until a great prospect becomes no longer viable or it no longer makes economic sense. We shall see,with that being said I truly believe that many more ounces will be added with ...more  
Comment by Ridgeback on Nov 25, 2022 9:06am
They will pass that 5 million oz number, that's a bonus and assuming they can produce 175 K oz per annum the financing/debt issue should be managable. Also assuming Au stays at higher valuations is going to be  plus factor. All of those Oz's proven would make Moz an attractive takeover and from what we see now the property is capable of further expansion. So for all those concerns ...more  
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