Bullboard - Stock Discussion Forum Monarch Gold Corporation T.MQR

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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.

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Monarch Gold Corporation > transistion mining

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Post by onetimer on Jun 23, 2018 11:06am

transistion mining

I believe that MQR will start with one of the 3 properties and then transition to the next . Mackenzie looks the best as a quick open pit with railway access( no tailings pond) and then Swanson ( no tailings pond). after that they can move the equipment to Croiner. This will leave Wasamac as the toiling mine or wait a few years and use the 2 mills to process the ore. They could also use a DMS like nemaska at the mine sites to reduce shipping costs

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Comment by factRbest on Jun 23, 2018 11:36am

onetimer - (6/23/2018 11:06:01 AM) transistion mining I believe that MQR will start with one of the 3 properties and then transition to the next . Mackenzie looks the best as a quick open pit with railway access( no tailings pond) and then Swanson ( no tailings pond). after that they can move the equipment to Croiner. This will leave Wasamac as the toiling mine or wait a few years and use the 2 ...more

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Comment by onetimer on Jun 23, 2018 6:52pm

No I am not calling BS. If they can find a mill, then all the best. They may get 30,000 ounces a year out of it. it is another option. At 2.4 million ounces, it is the game changer. they need to be inventive as it is in veins. but it is still there. If they get the capex down to $200 million , it will be sought after buy many financiers .

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Monarch Gold Corporation