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Bullboard - Stock Discussion Forum 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... see more

GREY:GBARF - Post Discussion

Monarch Mining Corp > news out on $5M bought deal private placement
View:
Post by rideitout on Jun 07, 2021 8:26am

news out on $5M bought deal private placement

Monarch Mining Corporation Announces C$5 Million Bought Deal Private Placement of Units (ceo.ca)

Let's get that mine built boys!!
Comment by locomoco on Jun 07, 2021 8:48am
Monarch has the cash to restart Beaufor which will be before June 2022 just in time for gold price to be at record high. With Basel 3 coming, hyper inflation and China and Russia buying up gold, IMO, gold price will be well over $2K by the time Beaufor restarts. Once Beaufor is producing 25K per year, cash flow will be at well over $20M a year.
Monarch Mining Corp