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Monarch Mining Corp GBARF

Metals & Mining Gold
Monarch Mining Corporation is a Canada-based is a gold mining company. The Company owns three projects, such as the Beaufor, McKenzie Break, and Swanson projects. It holds a 100% interest in the Beaufor Mine, which is on care and maintenance. The property consists of two mining leases, a mining concession and approximately 23 mining claims covering an area of 5.9 square kilometers (km2). The McKenzie Break property covers 7,848 hectares (78.5 km) and is located 20 kilometers north of the Beacon Mill and 10 kilometers (km) south of the town of Barraute, Quebec. The Swanson property consists of a mining lease plus a total of 129 claims covering an area of 5,211 ha. The property lies 65 km northeast of Val-d'Or and just 50 km north of Monarch's wholly owned 750 tpd Beacon mill. The Company owns 14,316 hectares of mining assets in the prolific Abitibi mining camp that hosts a combined measured and indicated gold resource of 478,982 ounces and a combined inferred resource of 383,393 ounces.


OTCPK:GBARF - Post by User

Monarch Mining Corp > Could somebody...
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Comment by paydirtontarioon Jun 09, 2021 10:42am
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Post# 33354762

RE:Could somebody...

RE:Could somebody...

Plenty of upside here. ( Patience )
Sprotts a deal maker and the company already has an ongoing relationship with Eric so this is no surprise coming. 

audigger13321 wrote: explain to me why  this company, having about $ 20 million cash, would
float another 6,250,000 units at this stage of the game???
And, what:"used for general and corporate working capital purposes"
means, if not used for the costs of opening the Beaufor Mine??
I am getting slightly anxious about my investment here.
Audi.

 

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