- Marathon Gold released its Feasibility Study for the Valentine Gold Project this week, with the report confirming robust economics.
- While we did see an increase in the projected upfront capital expenditures and operating costs, these metrics still remain at industry-leading levels.
- It's worth noting that the ~$574 million After-Tax NPV (5%) at $1,650/oz gold does not include Sprite, Victory, and most importantly, Berry, which suggests considerable upside.
- I continue to see Marathon Gold as a top-5 takeover target, and I would view any pullbacks below US$1.60 as low-risk buying opportunities.
For further details see:
Marathon Gold: Valuation Improving After The Drop