Monarch Gold Corporation T.MQR

Thurs #askMQR Monarch Gold CEO, Jean-Marc Lacoste

[kukaman]

https://twitter.com/soarfinancial

[locomoco]

Great Q&A. The jist of the interview with CEO Jean-Marc Lacoste is there will be exciting drill results to come in the next few weeks and a nice surprise from McKenzie Break. Looking forward to the news. Just a matter of time Beaufor restarts and Monarch starts generating cash flow to advance Wasamac. Based on what the CEO said, if we "copied and pasted Beaufor mine when it was

[kukaman]

Link: https://twitter.com/soarfinancial/status/1273660816080826369 Some items I have noted down: Wasamac at $1,700 gold NPV after tax C$ 750 50-60 Million to upgrade at Glencore Beaufor Mine produced 40-45 million ounces in the past in a good year depending on grade Aim is 25 million ounces with upside, cash cost C$1,100 - C$1,300

[locomoco]

I think you mean Thousands and not Millions in ounces.

[locomoco]

Wasamac at $1,700 gold NPV after tax C$ 750 When production starts at Wasamac in 2 years or so gold is forecasted to be significantly higher by then. According to Bank of America gold price will be $3,000 in 18 months so that would mean after tax NPV for Wasamac will be around $1.5 billion. No way in hell Monarch will sell Wasamac and give up on this cash cow. As I said before, Croinor is