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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 onetimeron Jun 17, 2018 12:01pm
136 Views
Post# 28183127

RE:RE:On SEDAR today June 15th :

RE:RE:On SEDAR today June 15th :Croiner will cost $50 million to put into operation as its capex. If they are going to do financing for a loan or streaming deal, they will need to offer shares and warrants as part of it. They have to be prepared. It will all depend in what order they start which property first. As they are at 100% capacity at camflo and bring $2 million in toiling revenue per quarter, they should make a profit over the year , even with the breakdown of the hauling truck that should be fixed and a new one added this month. That still wont be enough profit to fund it without going to the markets
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