Dennis da Silva Marathon Gold Corp MOZ-T DON'T BUY Nov 15, 2023

They put out a resource and the shares have fallen back. It is an economic resource and quite impressive. The difficulty is how to mine it. They need to add more oz. and mine them economically. But it is a good name to own.

He follows it. Likes it. He has a $14 price target. Has great potential.

Investors did not like MOZ's revised study last year, and until recently the sector has not done much, either. The stock is down 25% YTD and 57% in 52-weeks. The recent cost update does show a slightly lower cost than last year, but of course this can change as construction continues. It now has 440 workers and is 27% complete.  It remains on schedule for first gold pour in Q1 2025. There has been some minor insider buying. We consider it 'OK'. It is always hard to ascertain value when a mine is under construction. Problems can develop, and the mine has to perform to specifications. We have no specific reason to worry, but there is always risk (grades, costs, environment, inflation). We think it is a decent project, but share count has risen sharply and could still go higher. Once the mine is operational the stock should get re-rated, assuming all goes as planned.
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