Monarca Minerals Inc V.MMN

Alternate Symbol(s): ORAGF

Metals & Mining Silver

Monarca Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition and development of silver and base metal properties in Mexico. The Company holds interests in three mineral projects, which include Tejamen, San Lucas, and San Jose. The Company’s Tejamen property is located approximately 130 km northwest of Durango, the capital of the State of Durango and consists of approximately 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 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 52 km northwest of the underground Bismark Mine operated by Grupo Penoles.

TSXV:MMN - Post by User

Monarca Minerals Inc

Bullboard Posts

Post by vijay99on Sep 23, 2011 10:09pm

335 Views

Post# 19079327

cash position

Oremex cash position:

We currently sit with over $1 million in Oremex (Silver) Resources and approximately $2.7 million in unexercised (in the money) warrants.

No need to fret, yeah the price is scary but we weren't participating to the upside when silver was hitting 40+ yet we get nailed on the downside. We are in a clear derisking environment but its ironic because silver is clearly a safe haven.

Cash burn rate is low, great buy around here. Enough cash till we get surface rights is my main point.