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

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Monarch Mining Corp > so..

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Post by stockpunter on Sep 26, 2022 1:27pm

so..

about 1 million oz gold, 17 million market cap = $17 per oz. GBAR is trading like a exploration company with little prospect of ever going into prodcution. Great oportunity to buy if you think they can fix the mining/milling problems, whatever they may be. But then, I suck at picking stocks.

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Comment by Justing on Sep 26, 2022 8:41pm

The mill has been sitting for a million years. Of course it would fail but no one knows if they can fix it. By the way Jean way Jean is talking it appears he's afraid.

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Comment by stockpunter on Sep 27, 2022 4:06pm

Yup, things look terrible and if they don't fix it, we might have further share dilution, NSR sales, debt, a new CEO and backruptcy. But some of these folks are skilled and were inside buyers. The anylyst recommendation recently was $1.50/share. So, while super-speculative, it is a big win for buyers now if the managment turns it around, especially if /when POG also turns ...more

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Comment by Justing on Sep 27, 2022 6:17pm

Did you make this reply 30 minutes before the new announcement? Haha. JEAN is gonna take a bunch of bricks and hide them and run now!! Don't blame him. I'd do the same.

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