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Marathon Gold Corp are a gold focused junior, late stage development company with five exploration properties in Canada and USA. They have approximately 1.2Moz. of gold in the reserves and resources category of which 1Moz. are in the measured and indicated category. They have a market capitalisation of ~C$102.2M which is a rise of roughly 37% over the last eight months. As of 12/31/2016 they have no debt and ~C$6.3M cash. They have 118M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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Future Valuation (Cash Flow & Totals)
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July 2012: Acquired Mountain Lake Gold. Obtain 100% of Valentine Lake gold project.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
$1.79 - 12/3/2010
Stock Price USA 5-Year Low ($) (including date)
15 Cents - 8/17/2015
Appear to have a good team. I'm not sure if they are mine builders.
Canada (Newfoundland), USA (Idaho, Oregon)
Local Issues (wag)
Their flagship Valentine project is in an ideal location.
100% of the Valentine Lake project. 50% JV of Golden Chest (New Jersey Mining is the operator). 100% of Bonanza.
Country of Incorporation
Shareholder Friendly (wag)
Valentine Lake is a potential flagship
Ore Grade (wag)
Valentine is about 2.5 gpt avg
Wiki from New Acquisition (Mountain Lake Resources Inc.)
Summary from New Acquisition (Mountain Lake Resources Inc.)
Mountain Lake is low valued project generator with three pretty good properties. It is a high speculation stock, but long term their properties could push the stock much higher. I would expect them to triple in value long term, but a 5 bagger is a possibility. The Valentine Lake project is progressing well and could become a small producing mine in 5-7 years. Thus, this is a long term investment. Their Glover Island project has a historic 250,000 oz. resource and they are drilling it. That could also become a small mine. Lastly, the Little River project is on a 12 mile potentially mineralized trend. With a fully diluted market cap of only $29 million, this company could be worth a lot more if one of their properties become a decent size mine. On the other hand, investing in gold mining companies that do not have flagship projects is always high risk and where you make most of your mistakes. This stock could easily trade sideways for a few years. At this time I would say the risk / reward is not enticing enough, but I would keep an eye on their drill results.
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