Bullboard - Stock Discussion Forum Marathon Gold Corp T.MOZ

Metals & Mining Gold

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

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Marathon Gold Corp > Angelique's Musings

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Post by Angelique01 on Oct 18, 2023 2:53pm

Angelique's Musings

 		 Original Budget was $463M Revised Budget is now $504M. At the end of June 2023 they have spent $113M leaving a balance of $391 to be funded. They have restricted cash in the Debt Proceeds Account of $248M plus normal cash balance of $130M. That would leave a shortfall of about $13M. These amounts are all in Canadian dollars. Additional working capital would also be required so $50M equity raise would make sense. Suggestion of a $100M equity raise is ridiculous.
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 		12 minutes ago

 				 
@Angelique001Unfortunately this stock is now following not the Lassonde curve but the Matt Manson curve. 

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Comment by Ridgeback on Oct 18, 2023 4:42pm

Angel Eyes,,,,no one loves Manson.

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Comment by PaychancePays on Oct 19, 2023 11:24am

They could always sell future production to fund raise depending on proximity to the build date. Further financing would be a solid option as well, instead of dilution. Even in a worst case scenario of more dilution, it should be very much contained.

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