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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

Post by GOLDbugCEOon Dec 03, 2017 6:32pm
186 Views
Post# 27081616

Following up on some of your comments!

Following up on some of your comments!1st I would like to thank you all in the interest you are showing for Monarques Gold Corp. 2nd Monarques has come a long way from the $2M market cap it had in 2015. 3rd Here are the few tricks that I am talking about: Monarques knew going in, the size and challenges of the Beaufor Mine. 1st:The Beaufor Mine sits at only 8km from the Beacon gold mill vs the current Camflo who sits at 50km from the mine (potential savings in transport if we start the Beacon Gold Mill). 2nd the overheads at Richmont were 550k per month on the camflo and Beaufor mine for Monarques we are down to 150k per month for a 2000 ounces production. 3rd the Camflo mill under Richmont management was running at 30% capacity with the ore of Beaufor onlyand costs of milling close to $60 per tons or $300 per ounces. We are now at full capacity at the Mill with Eldorado ore and other clients so our costs of milling is way down. So all and all the Beaufor mine has 18 months of reserves and we would like bring it to 24 to 36months and provide a good cashflow to advance Croinor and Wasamac. Monarques had the perfect timing to scoop the assets including Wasamac. Wasamac with the new and improved 43-101 from October 2017 has now more than 2.6M m&I resources which is more than double what they thought they had when they sold it to Monarques. We believe that this property alone who could be producing 150,000 ounces per year for more than 15 yrs is the company maker for Monarques Gold. Partnering with a Major on this property would be a great move for Monarques. This property compares to the Young and Davidson property from Alalmos and Goldex from Agnico. The cost of producing an ounce on that property under the right conditions could be very interesting. At 2000$ per ounces this property could have great value to us. Rest assure Monarques Gold will be working hard at valuing the Wasamac asset Hope this helps your questioning. Finally I had 400,000 options to buy stock at $0.25 that was about to expire so I decided to find a buyer, which I did to not disturb the market and sold it to him.......Thus creating an input of $100,000 of cash for the company. I will from time to time sell shares but rest assure my 3.5M shares that I own and yes Bought them in my RRSP I will keep most of them for the Big Finale. Again for transparency reasons I have chosen to answer some of your questions but most of the info is somewhat in the press releases. Feel free to ask anymore questions. Regards. Jean-Marc
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