The current market cap of Monarch seems pretty low imoCurrent market cap on a fully diluted basis is now C$ 88 million. Cash and short-term investments are ~ C$ 25 million. The two mills Monarch owns are worth ~ C$ 50 million. Plus the recent non-dilutive investment of C$5 million by Caisse de dpt et placement du Qubec for the drilling program at the Beaufor Mine.
Wasamac alone has an after-tax NPV of around C$ 650 million. Monarch already has a MOU with Glencore in connection with the potential treatment of ore from Wasamac.
Among the shareholders are Alamos Gold, Hecla Mining, Yamana, Rob McEwen and Agnico. Quite impressing list of names.
I will ride this one out in the upcoming Gold bull run...