- Marathon Gold is down more than 16% from its recent all-time high, but continues to be one of the strongest performers year-to-date in the junior gold space.
- The company recently released a maiden resource estimate at Berry, suggesting the potential to add up to 3 years of mine life to the projected 12-year mine life at VL.
- The most recent financing news combined with the company's strongest balance sheet to date has de-risked the path to production, assuming the receipt of permits.
- I continue to see Marathon as a top-5 takeover target in the junior gold space, and I would view dips below US$2.05 as low-risk buying opportunities.
For further details see:
Marathon Gold: A Look At The Stock's Valuation After The Drop