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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 arh0070on May 14, 2020 12:41pm
135 Views
Post# 31028256

mqr

mqr Its a classic ,buy the rumor sell the news .Seems to me that the Wasamac deal provides for production without a huge cost and they retain 100% control .The alternative would be to build a new mill which would involve finding a partner (they have been looking for a while )and surrender 70-80% of the project .This seems much more affordable and sensible .Even to get a new mill built would take time because of permitting ,finding the money and then the actual build .Much more sensible this way .Anyway I bought some of the cheap shares on offer today .Expect lots of good news releases over the next few months .I have held MQR for a long time so am prepared to wait some more .
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