Going over 60 cents this week?Great volume today. Maybe hit all time new high by end of this week. Lots of upside potential.
- Over 3.5 million ounces of gold
- Beaufor restart around Q1 2021 producing 25K ounces of gold at over $2K POG providing cash flow of over $20M annually
- Wasamac closer to getting mine permits and will be producing 140K oz gold annually by 2023 which can provide well over $120M annual cash flow
- Major miners, Yamama, Alamos, Agnico Eagle invested into Monarch with senior exec with extensive experience from Yamana sitting on Monarch Board of Directors
- $25M in cash and cash equivalent on hand
- Vast land package of over 350 sq km in Abitibi region which is one of Canada if not the worlds best areas for gold
- Croinor has potential to be multimillion ounce resource