Monarch Gold Corporation T.MQR

Wasamac question

[awacs1]

Hi, I am in KL, WM and other in this sector. My interest in MQR was raised because WM is using the Camflo mill for the 35,000 tonne bulk sample and have noted that the results have been relatively slow due to demand on the mill from other users. Why has the Beacon Hill mill not been activated? It appears the demand is adequate.
In the presentation on Wasamac they indicate a mine rate of 6000tpd but the Camflo mill is rated at 1600 tpd. Is there a plan to concentrate the ore on site? How is it transported to the mill?
This looks very promising but is entering that doldrum phase of financing and construction. I assume that Alamo and others will step up with the CAPEX funds, and how long before the first pore of gold?

[factRbest]

No one believes the Wesmac numbers. Don't expect it to be developed unless gold goes to 1600US/oz. Beacon was suppose to be started 6 months ago to do contract milling. Another pile of BS The dumb purchase of the garbage properties from RIC which coincidentally benefited a major sahreholder, ruined this company. The share price is not a reflection of the assets. It is a reflection of the lack

[awacs1]

For a contrarian, that would be a robust endorsement to BUY, but I am not a contrarian. I agree that the assests are enticing and are not represented by the price. What else does Lacoste and the Board have on their plate? thanks for the insight. I will look elsewhere. cheers

[zukuenftiger]

They try to halve the capex by finding a partner including a mill nearby.

[awacs1]

Spring is coming and maybe the sap will start running again.  The overall package is too attractive, they have funds, a drilling program at Croinor but no momentum! What is it going to take to get this brick moving?