Monarch Gold Corporation T.MQR

The current market cap of Monarch seems pretty low imo

[kukaman]

Current market cap on a fully diluted basis is now C$ 88 million. Cash and short-term investments are ~ C$ 25 million. The two mills Monarch owns are worth ~ C$ 50 million. Plus the recent non-dilutive investment of C$5 million by Caisse de dpt et placement du Qubec for the drilling program at the Beaufor Mine.

Wasamac alone has an after-tax NPV of around C$ 650 million. Monarch already has a MOU with Glencore in connection with the potential treatment of ore from Wasamac.

Among the shareholders are Alamos Gold, Hecla Mining, Yamana, Rob McEwen and Agnico. Quite impressing list of names.

I will ride this one out in the upcoming Gold bull run...

[HIGHGOLD]

Yes, lots of market-cap growth potential here. We should see 30-40 cents soon on MQR. 

[locomoco]

Monarch is now poised more than ever to deliver appreciation in stock price and gold bull run setting to take off will only help accelerate the cause. I am long on Monarch and look forward to its rise as the company hits each milestone, restarting Beaufor, more great drilling results, progress on Wasamac and further increases in resources from Croinor, which only less than 5 percent has been