Bullboard - Stock Discussion Forum Monarch Gold Corporation T.MQR

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Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.

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Monarch Gold Corporation > wasamac production make no sense

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Post by bingostar on Jun 20, 2020 5:54pm

wasamac production make no sense

Obviously Monarch is in a cash out mode and wasamac do not differ from the whole strategy , expect a sale of wasamac to yamana or iamgold and a focus on beaufor and other discoveries. The value of the stock could go much higher with the sale strategy than trying to subcontract wasamac with glencore..

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Comment by locomoco on Jun 21, 2020 12:15am

Maybe the shareprice will go up in the shorter term by selling Wasamac but then what? With the price or gold expected to be much higher and some say $3K over a year from now, it would be a bad move to sell Wasamac. Once Monarch has Beaufor drilled, mine life extended they will restart and have profits. At the same time Wasamac will be advancing as well as further drill results from McKenzie and ...more

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Monarch Gold Corporation