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Monarch Mining Corp GBARF

Monarch Mining Corporation is a Canada-based is a gold mining company. The Company owns three projects, such as the Beaufor, McKenzie Break, and Swanson projects. It holds a 100% interest in the Beaufor Mine, which is on care and maintenance. The property consists of two mining leases, a mining concession and approximately 23 mining claims covering an area of 5.9 square kilometers (km2). The McKenzie Break property covers 7,848 hectares (78.5 km) and is located 20 kilometers north of the Beacon Mill and 10 kilometers (km) south of the town of Barraute, Quebec. The Swanson property consists of a mining lease plus a total of 129 claims covering an area of 5,211 ha. The property lies 65 km northeast of Val-d'Or and just 50 km north of Monarch's wholly owned 750 tpd Beacon mill. The Company owns 14,316 hectares of mining assets in the prolific Abitibi mining camp that hosts a combined measured and indicated gold resource of 478,982 ounces and a combined inferred resource of 383,393 ounces.


GREY:GBARF - Post by User

Comment by stockpunteron Apr 15, 2022 12:25pm
120 Views
Post# 34606518

RE:RE:long, long ago...

RE:RE:long, long ago...Thanks and well done!  I'm pretty sure Adventure Gold was related people, nearby property- I'll do some digging.  I may have lost interest in the whole RIC/LOV story a bit early- I cashed out about 10 years ago, bought a hobby farm and retired early.  My first investment in LOV was in about 1990 and it really shows how little some people know when they put money down:  I spotted LOV in a news paper (yes, actual paper) and it showed a P/E of about 2 and a SP of 0.20.  What could wrong says I to me?  Well, i later learned that the earnings were last year while mine shutting down was current, as SP went to 0.06.  Like a fool, I bought more, then more RIC, as well as PGI, MOY, and ELS, all taken-over and sold for profit.  By 2010 I thought I was the Warren Buffet of the PM sphere.  In hindsight, though, any fool could have done well with POG going from about 200/oz to about 1600, when I ducked out.  In fact, I might have done better just buying physical gold.

So, I have been trying to get back into PM penny stocks for the last few years and it has been a bit disappointing.  Costs going up, geopoliical risks, environmental concerns.  My current plan is to focus on advanced projects, in safe juridictions with great people involved.
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