Marathon Gold was a nice play back in Jan 2016, when I made 100% on it, then it pulled back and I bought it again, first for $0.3 and and recently added to my position below $1, making my average cost aroung $0.7. My target on this one is $1.50, will see how it plays out.

2017 03 03 MOZTO

 

Update 2017-03-18: Another player starting its drilling program nearby, SIC.V, but this would be very risky buy, binary event. I opened a tiny position so that, if they hit gold, I am not too much behind.

2017-03-03: Canaccord's Zaunscherb raising $MOZ target to $1.60 "We are increasing our target price on Marathon Gold to C$1.60 from C$1.20 as the company’s share price rises in response to positive drill results on the Valentine Lake gold project in Central Newfoundland. The resulting reduction in projected equity dilution in our unleveraged, fully funded base case drives the increased target price. We maintain our SPECULATIVE BUY rating."

2017-Feb: Today, Marathon Gold $MOZ released its updated National Instrument 43-101 compliant Mineral Resource estimate for the Marathon deposit, part of its Valentine Lake Gold project in Newfoundland. The resource at Marathon has increased from 220,000 ounces grading 2.05 g/t gold (Indicated and Inferred) to 1.06 million ounces grading 1.98 g/t gold (Measured, Indicated and Inferred). Haywood in a note to clients today, noted that it has upgraded its price target to $1.50 from $1.10 and still maintains its buy recommendation with a very high risk rating.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Where is it now?

MOZ.TO stock chart