RE:Some thoughts on the Beaufor Mine potential and Monarch’s Yes, the current market cap is ridiculously low. In the past 3 days daily trade volume has been over a million so market starting to see the potential. Will be interesting to see what happens when drill results for McKenzie, (expected this week) as well as news from 42K metre drilling of Beaufor in getting to restart. Also, according to Jean Marc Lacoste, CEO of Monarch, he said feasibility study being done about milling uprade at Kidd Creek to process Wasamac so news should come out around end of summer or earlier. I doubt Monarch will remain under $1 a share by end of year with higher gold price expected and continued news release on progress of projects.
Market will realize this once people do their DD and understand the huge potential of Monarch.