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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 > Pas trop de depenses pour Wasamac
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Post by michelville9 on May 14, 2020 3:48pm

Pas trop de depenses pour Wasamac

Beaucoup d'investisseurs ne croient pas en Wasamac. A 2 gr/tonne, un wagon de 100 tonnes vaut 200/35x1700 $ =9414 $. Il faut extraire ces 100 tonnes, les charger et les transporter par wagons, les traiter au moulin, ca ne fera pas beaucoup de benefices, MQR devraient en priorite s'occuper de ces 4 petites mines autour de ses propres moulins, ramasser un capital et penser a Wasamac quand le prix de l'or sera a 3000$/ on.Go pour les petites exploitations en premier, pas de risques, concentration interessante.
Comment by locomoco on May 14, 2020 3:59pm
I think that is the strategy by MQR, to produce from closest mines to their own mills first while in parallel proceeding with Wasamac. They mentioned the restart of Beaufor with 12-18 months and also they can process ore from Fayole.
Comment by macjack on May 14, 2020 4:34pm
michelville9, J'aime votre objectif de prix 3000$/on pour l'or ! macjack
Comment by locomoco on May 14, 2020 5:30pm
According to Bank of America too! Hoping that is the case and when Beaufor is restarted within 12-18 months and MQR is also starting to produce from Fayole that revenues will be through the roof at $3K gold. https://www.google.com/amp/s/business.financialpost.com/investing/gold-to-reach-3000-50-above-its-record-bank-of-america-says/amp
Comment by michelville9 on May 14, 2020 7:28pm
Quand j'ai parle d'attendre que l'or soit a 3 K$ pour relancer Wasamak. Je me suis retenu. L'or va monter a 4000$ avant 3-5ANS car il n'y a plus de monnaie refuge, Les STATES sont en faillite technique car trop de dettes et pas assez de revenus pour la payer. Il y a pas si longtemps, il y avait un dictateur qui haissait les juifs. La il y a un dictateur qui hait tout le monde ...more