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Monarca Minerals Inc ORAGF


Primary Symbol: V.MMN

Monarca Minerals Inc. is a Canada-based company, which is engaged in the process of exploring and evaluating its exploration and evaluation property interests in Mexico. The Company’s projects include Tejamen, San Lucas, and San Jose. The San Jose Property is located in Chihuahua, Mexico near the United States border, approximately 125 kilometers (km) west of El Paso, Texas and Juarez, Chihuahua, Mexico. The property is also located over 52 km northwest of the underground Bismark Mine operated by Grupo Penoles. The Tejamen is located 130 km northwest of Durango, the capital of the State of Durango, and consists of 23 mineral concessions covering approximately 1,685 hectares. The San Lucas Property is located 86 km north of the city of Durango and accessed via a paved highway, consists of approximately eight mineral concessions covering 79.6 hectares. The San Lucas project consists of a series of northeast trending mineralized shear zones in volcanic and sedimentary rocks.


TSXV:MMN - Post by User

Post by Bret74on Sep 17, 2019 4:57am
136 Views
Post# 30134111

Joint venture or takeover?

Joint venture or takeover? The new big opportunity. Monarca shareholders have not had it easy yet. Now the price of silver is rising and there are many new possibilities. The value of the properties increases enormously. This is also evident in the shares. At over $20 silver, the stock will cost over $0.1. We see what happen since weeks. It is currently speculating about a takeover, as Penoles Bismark runs out of material and Monarca 50km away has the great San Jos property. Argonaut in Durango will also go out in a few years, direct neighbor is also in the case of Monarca Minerals with San Lucas. San Lucas has high grade silver, similar to Tejamen. Last but not least there is always a chance for Tejamen to reach an agreement with the residents. You see, Monarca is an absolutely hot takeover candidate. Just my opinion
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