RE:RE:RE:RE:RE:RE:Sprott Capital Partners: MQR Initiating with buy and C1.65$/From Sprott Captial Report on Monarch
Catalysts
2H20-21: Beaufor and McKenzie Break drill results (SCPe ‘market grabbing’ grades likely)
4Q20/1Q21: Results of Ausenco study at Kidd Operations
1H21: Beaufor restarts
2H21: Wasamac permitted
1Q22: Wasamac build start
2Q24: Wasamac first pour
IMO, Monarch shareprice will hit over $1 easily with even the announcement of start of Beaufor. Once Beaufor is producing, with news of permits for Wasamac we can see over $1.50 by then.
What's interesting is there can be a bid war between KiddCreek and Malartic to process ore from Wasamac. IMO, if we see a deal for Malartic to process the ore then it could bold well for a future takeover by Yamana. If Camflo data compilation results show untapped potential I think that would also be a catalyst for Yamana to takeover Monarch as Camflo is next door to Malartic. If this happens take over price could be around $1.50-$2 per share.