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Monarca Minerals Inc V.MMN

Alternate Symbol(s):  ORAGF

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 daniel6000on Oct 13, 2020 5:11pm
423 Views
Post# 31708994

With Strong Hands and Confidence.

With Strong Hands and Confidence.

Strong hands and confidence. Look, dramatic stock price spikes are never good for the investor shareholders and for the solid development of a company. Lets not overpay for our shares and lets not sell off for peanuts. Lets hold a solid price point to allow the building of a solid exploration company. So, they start with a 10,000 meter drill program. Then, in proper time, another. Then more drill programs. Let the company take the time to find the minerals. Even with the recent issuing of new shares, remember, this was a no-dilution 5 to 1 split that the market sold back down eighty percent during the long winter of depressed metals prices. Many here have had to live through that. Our shares "are" worth the current price. With the amount of shares now available and strong metals prices returning, this is comparably a very understandable price to have to pay. The company logo shows silver in golden mountains. Let the company find the locked up hidden minerals of value and then let them find some more. Then, "in good time", sell to big producers that need them. Or, fund the company to develop themselves, or both. As exciting as a dramatic move up in the spot prices of metals would be, this would also be detrimental to the solid development of the industry at this time. But, for now, lets hold our shares in strong hands and support Monarca's efforts to build a solid explorer. With no affiliation I simply hold MMN shares.


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