OTCPK:MRQUF - Post by User
Post by
locomocoon Aug 01, 2020 11:03am
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Post# 31353654
Why Monarch can be $5+ per share in few years
Why Monarch can be $5+ per share in few yearsSummary of reasoning IMO, why Monarch can be $5+ per share in a few years. Personally, I am looking for Monarch to be around $8 when Wasamac starts producing given how crazy the gold bull market run can get over next few years. This is not advice to invest in Monarch. Do your own DD.
- Beaufor will restart around Q1 2021 with expanded resources after 43K metre drill program by CDPQ investing $5M for this project
- Estimated cash flow from Beaufor mine is $20M CAD per year
- Wasamac advances with cash flow from Beaufor and goes into production by 2023 and produces around 140K oz gold annually achieving cash flow of over $200M CAD per year.
- Resource increase in Croinor from 200K to 500K to 1M from further drilling and still more potential as 150 sq km Croinor property is so vast
- With steady cash flow from Beaufor and Wasamac, Croinor is put into production since it already has mining permits and maybe candidate for open pit mining
- After compiling vast data and performing analysis on Camflo, Monarch realizes the hidden potential there since it is so close to Malartic Mine
- McKenzie and Swanson advance to production stage as well or sold off to focus on Beaufor, Wasamac and Croinor
- POG is around $3000 per oz in a few years
- Monarch management has skin in game with employees owning shares and therefore laser focused on appreciating shareholder value and limiting on share dilution
Another likely scenario is a current major miner invested in Monarch, like Yamana or Alamos buys Monarch just before Wasamac goes into production for around $3 per share.
Either scenarios, with patience of a few years if you have a sizeable position with Monarch you will be greatly rewarded.