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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

Comment by locomocoon Jul 25, 2020 9:56am
154 Views
Post# 31318527

RE:RE:RE:RE:RE:New to Stockhouse

RE:RE:RE:RE:RE:New to StockhouseIMO, Monarch is still way undervalued and should be at least $1. I think it will get there by end of this year. Wasamac is open at depth and has potential for more ounces. Once Beaufor restarts it can generate close to $20M free cash flow. This is significant and will provide capital for progressing Wasamac to production by 2023. Croinor has mine permits already and can go into production quickly has well. It has potential to be an open pit mine.
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