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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 locomocoon Jul 01, 2020 8:45am
232 Views
Post# 31211676

MQR is undervalued right now

MQR is undervalued right nowOrezone, a company with only one project in a risky jurisdiction in Burkina Faso which has potential for 1.6M ounces of gold has market cap of over $200M and trading at 86 cents a share. Surely, Monarch should be worth the same, if not more with over 3M ounces of gold, in a friendly jurisdiction, major projects in advance stage, two owned mills and Beaufor - a mine that will be restarted. I think Monarch is still way undervalued and IMO will trade closer to $1 by end of year.

https://www.orezone.com/en/investors/factsheets/


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