Post by
locomoco on Jun 18, 2020 7:13pm
In 2016
In 2016 MQR stock price went from 5 cents to 50 cents in matter of 7 months, a 10 x increase. I think we are in a way better position now than before with higher gold prices, further development of high quality projects and $25M in cash and equivalent investments. IMHO, I won't be surprised to see MQR stock price jump significantly higher towards the end of year and into next year. Here's dreaming for $3 per share in 2021.
Comment by
TG1960 on Jun 19, 2020 12:21pm
Yes all true but don't forget to note the shares o/s of increased substancially...I'm in at 24,25,26 and holding...may buy more.
Comment by
locomoco on Jun 19, 2020 5:22pm
Monarch had roughly 90M shares outstanding around that time in 2016. So run up to 50 cents means pretty much half the market cap it is at today but the projects they had and potential at that time is less than what it is today. Definitely more upside potential now than before.