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Monarca Minerals Inc ORAGF


Primary Symbol: V.MMN

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

Bullboard Posts
Post by daniel6000on Jun 15, 2019 1:00pm
129 Views
Post# 29828998

Remeber Five to One

Remeber Five to One

Remember, five to one. If you are a follower of Monarca, you’ll remember, and that is without any loss of shareholder value. Right now five cents is twenty five cents. Ten cents is fifty cents. Two dollars is ten dollars. Our true price is not being reflected. It is currently underpriced dramatically. There are now only 49 million shares. Buying now is a steal. Don’t let your investment go at these prices. It is like buying five shares for one. You don’t get deals like that very often. Keeping a close eye on San Jose to see how its resource firms up and to see if it proves out to be our new flagship. It looks like it is more than just a silver play so that is good in these silver times. I will also throw in a dose of reality and caution in that the silver chart scares the bleep out of me. For two reasons. One, the silver chart would not look odd if the price fell lower, even much lower(this is silver remember) or Two, it would also not look odd for the price to move up, breaking the trend line, and rocketing straight up. With enough time now passed, either of these chart options are very plausible and would not be disjointed to look at. Both scare me. What I would really love to personally see is a breakout of the trend line with a steady climb to $25 or even $30 over the next few years allowing healthy development. I know San Jose looks to be more than just a silver play but a dramatic change in the silver price will still affect us in either way. Potential and exciting possabilities with this company, especially at these prices! There is silver in them thar golden mountains.

Bullboard Posts