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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 Aug 01, 2020 9:43am
123 Views
Post# 31353477

RE:RE:RE:RE:Management needs to get a lot louder!

RE:RE:RE:RE:Management needs to get a lot louder!I am long on Monarch and holding until Wasamac starts producing as I see huge upside. Monarch is executing their plan and it takes patience to wait for results but they will come. Performing 43K metre drilling on Beaufor to expand the resources before restarting Beaufor mine takes time and we will get updates along the way. I believe the goal is to restart Beaufor in Q1 2021. Once restarted, Beaufor will generate around $20M annual cash flow which is significant. Wasamac plan continues to advance and we will hear about capex estimates from technical feasibility study done on upgrading Glencore Kidd Creek Mill and using rail to transport ore to the mill from Wasamac before October. Capex is expected to be way less than originally proposed with building own mill onsite at Wasamac. That alone saves half the cost and significantly increases ROI especially with higher POG expected. Wasamac after tax NPV could be well over $1B CAD which will propel Monarch share price. Monarch has many positive things going for it. First of all Monarch management has proven track record in appreciating value for shareholders and they have skin in the game with Monarch CEO holding around 4 millions shares and VP of Corporate Development holding similar amount. Secondly, Monarch has major miners like Yamana, Alamos and Agnico as investors which is testament to the potential they see. Lastly, Monarch has at this point over 3 million ounces of gold and advanced properties with some having permits and close to being able to be put into production to take advantage of gold bull market which has just started. 
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