16 www.resourceworld.com
A P R I L / M A Y 2 0 1 4
INVEST in Monster Lake,
the most recent high-grade
GOLD DISCOVERY
in Eastern Canada.
INVEST in Monster Lake,
the most recent high-grade
in Eastern Canada.
TOMAGOLDCORP.COM
|
TSX-V
:
LOT
ENDLESS
POSSIBILITIES
$ 17.575 million
agreement with
IAMGOLD
is a strong indicator of
Monster Lake gold potential
TOMAGOLD CORPORATION
David Grondin, President & CEO
david.grondin @ tomagoldcorp.com
+1 (514) 583.3490
GOL-12133 Corporation TomaGold
Resource World Ad — 1/3 page Square
4.875" X 4.7"
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real estate (speculative boom and eupho-
ria), although the economy is just start-
ing to regress. Winter is the time when
the economy dies (deflationary depres-
sion) although gold does well because of
the amount of debt.
We are now in the winter. There is too
much debt in the system that has to be
washed out. Unfortunately, central banks
are continuing the debt bubble by print-
ing money. However, eventually the debt
bubble will overwhelm everything and
gold will really come into its own.
RW: What kind of gold prices do you ex-
pect this year?
IG: This year is a little difficult, but I am
pretty sure we are going to see US $1,600
an ounce. By 2017, I think the gold price
will be around US $3,300 an ounce.
I think that we are at the start of a new
upward trend in the price of gold. How-
ever, people always get terribly excited
at the top of the gold price and get ter-
ribly depressed at the bottom of the cycle
as they have been in the last six to eight
months. Also, gold companies tend to
buy other companies at hugely inflated
prices at the top of the cycle and then
shut down marginal operations and not
buy good companies at the bottom of the
cycle. By the end of this year, I think we
are going to see significant improvement
in the profit margins of senior producers.
RW: What investment sectors are you tar-
geting?
IG:Due to my study of cycles, I am 100%
invested in the precious metal sector and
junior gold stocks. Most junior mining
stocks have been badly beaten up. Some
are not even going to survive, but there
are some tremendously undervalued ju-
niors with assets that trade at $8 or $10/
oz of gold-in-the-ground located in good
jurisdictions.
Investors should look at the projects,
their jurisdictions, and management.
Quality junior miners are a super buy at
this time.
n
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Developing the next gold camp in Newfoundland
Contact Information: Christopher Haldane, Manager, Investor Relations
chaldane@marathon-gold.com 416.987.0714
TSX: MOZ
marathon gold .indd 1 1/31/2014 12:00 PM
