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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 macjackon May 14, 2020 11:11am
119 Views
Post# 31027680

RE:To build new mill for Wasamac

RE:To build new mill for WasamacAs stated by an earlier poster 3+ years for this proposal to lead to production is a long time. For many investors this is a deal breaker and obviously they're moving on. Plus if the deal is made MQR picks up the tab from the cost study for the upgrading of the mill also. This costs money and would be a dilutive event. However this would eliminate $230 million to build a mill to process the Wasamac ore. This should improve the numbers for the Wasamac feasibility study. I'm in for the long haul. GLTA macjack
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