Excellent article by FI Fighter over at Seeking Alpha on Marathon Gold and the implications of the Franco-Nevada 18 million dollar 2% net smelter royalty purchase.
“In the context of a bull market in precious metals, shares of Marathon Gold should do well and coincide with a rising gold price, perhaps even outperforming the returns of physical gold due to the strong leverage the Valentine Lake Gold Project offers due to its sizable resource base. Perhaps the icing on the cake would be if Valentine Lake can eventually become so large (not to mention high quality enough) of an asset that even the larger-cap producers simply won’t be able to ignore.”
Take a moment and go and read the whole thing.