Monarch Gold Corporation T.MQR

Big opportunity

[locomoco]

Video is from about a year ago. As soon as Monarch gets Beaufor up and running again to generate cash flow they will have the money to develop Croinor and move on Wasamac. Monarch has the potential to be at least a 5 bagger in a few years.

https://youtu.be/vyJvRW1Cnf0

[kukaman]

Indeed, lots of potential at the Beaufor Mine. According to previous presentations from the CEO there is the potential for ~ 714,000 new ounces with the upcoming drilling program paid by CDPQ (Caisse de dpt et placement du Qubec). The deposit still holds excellent high-grade resource potential. The Beaufor Mine produced 14,856 oz of gold in 2018. Let's hope with the results of the drilling

[locomoco]

In 2018, although Beaufor was producing it was put on care and maintenance because it was not profitable due to some circumstances such as low gold price and operating efficiency back then. Was a good move by Monarch to put it on hold, allow the price of gold to go up, continue drilling on Beaufor to increase the resources for more years of production and improve things on the mine for greater

[locomoco]

Seems like Camflo and Beacon Mills combined can easily process Beaufor and Croinor for close to 100K ounce gold per year. Since Croinor already has mine permit it should move quickly after steady cash flow achieved with starting Beaufor. Then after that, Wasamac and continued drilling of McKenzie, Swanson and Croinor.

[locomoco]

If production for Beaufor Mine can be around 20K ounces per year, doing some back of the napkin math, Monarch could achieve around $15M profit a year. After a year or two and with some sort of financing, Croinor can be put into production since it has mine permit already. Croinor requires around $35M to start up and has potential for way more ounces than Beaufor. Probably be generating $30-$40M