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Bullboard - Stock Discussion Forum Monarch Gold Corporation T.MQR

Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.

TSX:MQR - Post Discussion

Monarch Gold Corporation > 3MM ounces is the key
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Post by thatmare on Sep 12, 2017 12:46pm

3MM ounces is the key

Producing mine is good and hopefully we can find cost synergies to lower the overall costs. But I think the key is we acquired a large deposit with half of it in the m&I category. Also larger cash position is being neglected in the share price.
Comment by factRbest on Sep 12, 2017 2:03pm
thatmare - (9/12/2017 12:46:29 PM) 3MM ounces is the key Producing mine is good and hopefully we can find cost synergies to lower the overall costs. But I think the key is we acquired a large deposit with half of it in the m&I category. Also larger cash position is being neglected in the share price. ===================================================== I think the grade is move relevant ...more  
Comment by Alaffut on Sep 12, 2017 7:39pm
The sp is going down especially because of the financing at .35. Probably the will go down as low as .30-.27. I'm not worried. Monarque finance in the past at .60 if i remembers with asset like Croinor only. Now they have more asset and i think the key is... Wasamac property1       Measured Resources  ...more  
Comment by gldblv on Sep 13, 2017 10:34am
But Wasamac was declared uneconomical and this is why Ricmont stopped working there few years ago.  Honestly, it was poorly explained back then because evrything was looking good until  all the sudden they announce the big stop. I was always curious to see what will finally happen with all the gold in Wasamac. I owned Patricia before Richmont bougth them.  Now I will end up with ...more  
Comment by factRbest on Sep 13, 2017 10:44am
gldblv - (9/13/2017 10:34:45 AM) RE:RE:RE:3MM ounces is the key But Wasamac was declared uneconomical and this is why Ricmont stopped working there few years ago.  Honestly, it was poorly explained back then because evrything was looking good until  all the sudden they announce the big stop. I was always curious to see what will finally happen with all the gold in Wasamac. I ...more  
Comment by Fullplate on Sep 13, 2017 12:01pm
I never owned MQR until I bought a small amount this morning. I own mostly juniors. I like the ones starting up production, in part because share price is usually low due to start-up risks. MQR is not a true start-up since it is using a mine and mill purchase to become a small producer. And also it being a washed up mine and with an additional large low-grade property, this doesn't look ...more  
Comment by thatmare on Sep 13, 2017 8:09am
I agree with the nervous market on the trust me confidence. I also think gold dropping 15 bucks also has a bit to do with the drop. We have McEwen and chammandy backing this so I think there is more good news to come to steer this in the right direction. We still paid a with 20% of our shared. Do it's about 9mm approx. Plus they still are share holders. I'm going to ride this out to the ...more