Bill Cara

Cara Community GSM 50: Marathon Gold

Marathon Gold Corp (TSX: MOZ) (Pink: MGDPF) reviewed 10-01-2020

Market Cap:       $357 M (USD)

Share Price:        $1,74 (USD)

Shares outstanding: 189,341,000 (Jun 2020) Note: prob. closer to 200,000,000+

Cash:  $54.0 M (CAD) 30 June 2020.

Credit facility: No details.

Long-term Debt: None

Current operations: No.

Administrative  Expenses: Approx. $2.0M (CAD) per quarter year

Insiders: 25%

Website: marathon-gold.com

Investor Presentations: https://marathon-gold.com/investors/presentations/

President and CEO: Matt Manson

Operates in Newfoundland, Valentine Lake.

Large-scale gold project: 60,000 acres, 18-mile trendline.

Location and Jurisdiction are good.

Uncertain if this is fully permitted right now. If not, they have the cash to get that done.

Potential 4.2 M oz at 1.9 g/ton, and likely a huge 5+ M oz project when it’s all said and done.

2019 drill holes: 41-meters at 4.4 g/t and 24-meters at 6.9 g/t

2018 PEA to produce 200,000 oz annual was based on 1300 gold.

Bottom line:

  • The company will likely be sold to a major for development.
  • Franc-Nevada has done deep studies before acquiring a royalty.
  • I really like the people; this was my #2 pick (after New Pacific) at PDAC 2019.
  • No investment position, but considering it.