From the Marathon Annual Report it lists the Mt Gee Exploration Asset being valued as $15.5M
This is the cumulative value spent on exploration on the lease.
If Marathon are seeking compensation, the very most they could hope for would be a 100% payout of their exploration costs.. Courts don't compensate for potential, just costs incurred in these sorts of cases
So the most the courts would award would be $15.5M
The fact that Marathon have signed a 1 year lease with no right of renewal also weakens their case.
Any court case would be messy, drawn out, and very expensive.
Marathon was born out of Bonanza Gold which was a play thing for the lawyers and their close associates of a prominant Adelaide Law Firm.. Lets just call the Law Firm "Lunch and Munch" for now....
No doubt Marathon will lodge some sort of legal challenge and shareholders funds will probably be sent to "Lunch and Munch" to fight their battles.
compensation
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| Open | High | Low | Value | Volume |
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| Last trade - 14.00pm 14/06/2024 (20 minute delay) ? |
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Change
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