Topic: How To Invest

Hi Pat: I would like your thoughts on Marathon PGM. Thanks.

Article Excerpt

Marathon PGM Corp., $1.32, symbol MAR on Toronto (Shares outstanding: 31.2 million; Market cap: $41.2 million), holds a 100% interest in the Marathon platinum group metals (PGM)/copper project, located about 10 kilometres north of Marathon, Ontario. Marathon’s location is close to power, transportation and a trained workforce. The company has outlined a mineable resource of 3.4 million ounces of PGMs and gold, 4.2 million ounces of silver and 497 million pounds of copper. The company also owns 55% of the Bird River PGM project in Manitoba, and 100% of the Steel Mountain PGM/copper/nickel project in Newfoundland. Both are in the early stages of exploration. Marathon completed a feasibility study for a mine at the Marathon site in December 2008. However, the company had to conduct further exploration and metallurgical programs to make sure mineral resources there are sufficient to make the project viable. The company released a new feasibility study last month. It now thinks a $351-million open-pit mine would be profitable…