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Bullboard - Stock Discussion Forum Monarch Mining Corp GBARF

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

OTCPK:GBARF - Post Discussion

Monarch Mining Corp > presentation
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Post by stockpunter on Aug 13, 2023 12:29pm

presentation

If you look at the July, 2023 presentation, it looks really exciting.... except for that bit about the mill being on care and maintenance.  When they announced the review in late 2022, I thought we would get an accounting of this problem. Was the wrong ore mined, were grades inaccurate, was the mill incapable of functioning?   

It does say the ore stockpile was processed elsewhere, so maybe we will get some answers.

Or, maybe "review" was just another way of saying we are screwed and everything is being sold off.
Comment by michelville9 on Aug 14, 2023 3:37pm
We never know why the stockpile won't be processed. It was the beginning of the drop of the share
Comment by stockpunter on Aug 15, 2023 9:31am
presentation says it was processed at a nearby mill.  Results should tell one whether ore is as expected and their mill was disfunctional or whether ore was lower than expected grade and mill is ok, one would think.  Whether WE will ever learn the details is another matter.
Comment by stockpunter on Sep 20, 2023 4:17pm
pour is expected  "2nd quarter 2023".  That is the company's Oct-Dec quarter, correct?
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