RE:Private placementGreat news on private placement with Sprott Capital. Monarch is continuing to get attention. Drill results on Swanson and Beaufor next. IMO, I think results on the 43k metre drilling on Beaufor to expand resources will be surprising. Recall, Beaufor is still very shallow in comparison to other mines in Abitibi. They are drilling deeper for higher grade gold to increase resources for at least another 3 years for Beaufor mine. At projected production of 25K ounces per year from target date of Q1 2021 to restart Beaufor, it can provide significant cash flow of at least $50M over 3 years, helping partially finance Wasamac getting it into production by 2024.
Imagine what MQR shareprice will be next year and in a few years. Huge upside and appreciation coming!