This is a huge cash windfall opportunity for Monarch. Not much time is needed to bring this project into production. Permits are expected within a year after completion of the Feasibility Study. Most likely the below numbers will even improve with the consideration of recent drill results.
Fayolle (PEA 2013)
- Capex initial costs of C$ 5.9 Million
- Total Production is 74,813 oz at cash operating costs of $721 US/oz
- Minelife of 3 years.
- After-Tax IRR 110%
As mentioned before the current market cap is way too low considering that gold is above $1,700. Monarch can earn more than the entire market cap relatively quickly with this project.