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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMN - Post Discussion

Monarca Minerals Inc > E.Sprott is a major shareholder of Monarca Minerals
View:
Post by Bret74 on Feb 28, 2019 7:54am

E.Sprott is a major shareholder of Monarca Minerals

I usually trade only options and funds, but this share is my favorite. My only mining/exploration share.

I like the chance we got here. The resource is proven, only the inhabitants of Tejamen have to be convinced. All other companies with such a resource are rated five to ten times higher.

Monarca Minerals has excellent areas and is completely undervalued.

Is someone else here that also likes this company because of the chance?

I think the risk is small at this moment. I bought to 0,035 and we are now at 0,045.
Just because of the silver price we could see $0,06+ in some days.

But thats just what i think.

Don't buy it, if you have no time.
Don't do it, if you don't like surprises.

If that stock is bullshi... Why was Sprott paying for it years ago?
So, because of that i believe in it.

Comment by Silverichman on Feb 28, 2019 8:25am
Very good points. As the price of silver rises, we will see the ounces in the ground being re-valued to the upside. Sprott is in this boat, and he might buy more these days, as I have seen only a handful of explorers with such a low valuation compared to the resources they have. I have made research over YEARS, so there's that point. There are a few reasons why this is one of my top 3 stocks ...more  
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