Post by
locomoco on Feb 05, 2021 9:38am
Monarch Mining news coming....
There is a slew of news still pending release in next few weeks
1. Drill results from Mckenzie
2. Drill results from Croinor
3. Update on Cronoir PFS increasing resources and ROI
Towards spring and summer:
1. Continued news on drill results from 42K metre drill program at Beaufor to increase resources before restarting mine
2. Announcement of restart of Beaufor Mine (maybe closer to the Fall after drill program completes)
3. Pending financial partnership on developing Croinor
Catalysts IMO
1. Increase in gold resources from current 400K level to 1M
2. Restart of Beaufor in Fall
3. Higher gold prices expected closer to end of 2021
4. Starting mine development on Croinor
5. Achieving steady production of 20-25K annual ounces from Beaufor Mine
6. Added annual production of 30-40K from Croinor Mine making a combined annual production of 50-65K with Beaufore
7. Generating cash flow between $50M and $100M CAD by 2023 making the current share price increase to close to $10 within few years.
Comment by
locomoco on Feb 08, 2021 7:51am
Next news should be about Croinor, IMO. Since the PFS has not been updated with latest drill results since 2018, the increase in resources will be significant to ROI.