Marathon Gold Corp T.MOZ

Sold my MOZ

[Angelique01]

Was going to wait for Feasability Study but lure of a developing polymetalic and gold deposit in Nevada was too strong.  Couldn't sell at the .80 cent range (too low) but took a capital loss in the upper .90's. Hard to hold investment once confidence in management has been eroded. Environmental permit delay, capital cost escalation, financing debacle, granting of options to everyone and their  cousin, and the whole illogical sequencing of events this past year. Bloated share count. 
Once warrants are exercised MOZ share count will be 460-470M shares.  Best case for FS lets say NPV is $900M including Berry deposit  offset by cost escalations and higher capX.  Works out to $1.90 per share.  If $800 NPV then $1.70 per share.  Nothing special. Upside secure but limited with Marathon.   Also assumes nothing else can go wrong with this project.  Bottom line is better opportunities elsewhere.  Time to be invested in only the best of the best not diversified. 

[stockwatcher7]

This post has been removed in accordance with Community Policy

[stockwatcher7]

This post has been removed in accordance with Community Policy

[seinfeld1]

Yup!  There is a new FS coming out soon.  I think Matt is looking to release this new FS on the 24th...he's not the brightest bulp on the tree.  JMO

[stockwatcher7]

This post has been removed in accordance with Community Policy

[Angelique01]

The 2021 feasibility is totally out of date.  Has old cap exp of $305M.  We already know that number is $470 to $490M.  New updated Study that includes the Berry Deposit and cost escalation should be out in the next few weeks.  Why they released the new capex figure which is 57% higher than the original FS back in September without updating the new operational and production

[Ridgeback]

Why they did not wait to include the new numbers? Who knows but a guess would be that in 2022, inflation pushed the cost of production higher for gold miners with industry average all-in sustaining costs in increasing? Marathon addressed this issue early on completing financing and contracts, so to delay and include the new feasability numbers until years end may just be circumstances and

[BGraham2]

Angelique sed:  ...."Why they released the new capex figure which is 57% higher than the original FS back in September without updating the new operational and production numbers that included the Berry Zone at the same time is beyond me. ......." has a kinda nefarious ring to it, i'd say. BG

[stockwatcher7]

This post has been removed in accordance with Community Policy

[Angelique01]

Since when is ownership of a stock a precondition for posting on a bullboard? Besides I never said I want to buy it back in the .40 to .60 range.  I said I would think about it at that price range and then quickly dismiss that notion.  Wouldn't buy this stock at any price.