Monarch Mining Corp GBARF

Metals & Mining Gold

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.

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Monarch Mining Corp

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Post by ggrelletteon Apr 20, 2023 4:31pm

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Post# 35406105

Just bought an entry position............

here today. I have been aware of this company for a couple of years and now it is at a level that many can build a substantial position. IMHO I believe this company is undervalued. The mine is on maintenance and they are still drilling. This can and should be a 4 bagger from here. This stock was at much higher levels some 2 or 3 years ago. The stock price in the furture could hit 20+ cents. This is just on good drilling and the mine re-opening.

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