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.

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Monarca Minerals Inc

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Post by Silverichmanon Jul 29, 2019 10:50am

72 Views

Post# 29970363

WARNING: BID Shrinking, interest going down!

There are less and less people who like MMN. Interest is going down, as the ASK is filling up at 5 cents and the BID is getting very small. I am glad I sold my shares and moved on. IMO San Jose looks very virgin, and Tejamen is a "dead project" as they don't get surface rights.

Furthermore, the company has NO CASH and 400k in conv. debt... wow. I think they will have troble getting any money for financing...

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