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Monarch Gold Corporation T.MQR

Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.


TSX:MQR - Post by User

Comment by factRbeston Sep 12, 2017 2:03pm
113 Views
Post# 26685896

RE:3MM ounces is the key

RE:3MM ounces is the keythatmare - (9/12/2017 12:46:29 PM)
3MM ounces is the key
Producing mine is good and hopefully we can find cost synergies to lower the overall costs. But I think the key is we acquired a large deposit with half of it in the m&I category. Also larger cash position is being neglected in the share price.
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I think the grade is move relevant than the overall amount.
You think someone would walk away from 3 million ounces if it was a no brainer.

The current mine has maybe 2 years left as stated by MQR CEO on BNN.
The ASIC is high but not so high as to losing money.

The silience with an almost trust me feel to it is spooking the markets with a share price that suggests the market is worried.

MQR needs to put some solid plans out with details. I have tricks is not going to cut it.
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