Monarch Gold Corporation T.MQR

Metals & Mining Industrial Metals & Minerals

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.

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Monarch Gold Corporation > The Feasibilty Study for Fayolle will be ready in Q2 2020.

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Post by kukamanon May 23, 2020 9:22am

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Post# 31064461

The Feasibilty Study for Fayolle will be ready in Q2 2020.

This is a huge cash windfall opportunity for Monarch. Not much time is needed to bring this project into production. Permits are expected within a year after completion of the Feasibility Study. Most likely the below numbers will even improve with the consideration of recent drill results.

Fayolle (PEA 2013)

Capex initial costs of C$ 5.9 Million
Total Production is 74,813 oz at cash operating costs of $721 US/oz
Minelife of 3 years.
After-Tax IRR 110%

As mentioned before the current market cap is way too low considering that gold is above $1,700. Monarch can earn more than the entire market cap relatively quickly with this project.