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 > Monarch’s short-term investments

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Comment by kukamanon Jun 01, 2020 10:11am

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Post# 31095929

RE:Monarch’s short-term investments

Add $9.7 million of IAMGOLD to the short-term investments. On top of that the two mills Monarch owns are worth ~ $50 million. Plus the $5 million investment of CDPQ. Current market cap of Monarch is still a joke imo...

kukaman wrote: Depending on the further share price developments of these 3 companies Monarch may able to fund the Capex of Fayolle (C$ 5.9 Million according to PEA 2013) with their short-term investments. Let’s hope these companies will have some exploration success in the near future…

Unigold (TSXV: UGD): 6.5 million shares at a price of $0.115 per Share (current price $ 0.225)

O3 Mining (TSXV: OIII): 435,000 common shares and 435,000 warrants. Each warrant entitles Monarch to subscribe for one additional common share of O3 Mining at a price of $4.20 for a period of three years following the closing of the transaction. Current price of OIII is $ 1.99

Probe Metals (TSXV: PRB): 1,275,510 common shares. Current price of PRB is $ 1.19