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Freegold Intersects 3.62 g/t Au over 42m and 1.23 g/t Au over 170.7m (click to learn more)
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Bullboard - Stock Discussion Forum Monarch Gold Corporation T.MQR

Metals & Mining Industrial Metals & Minerals
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.

TSX:MQR - Post Discussion

Monarch Gold Corporation > MQR will have market cap of $1 billion when Beaufor restarts
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Post by locomoco on Jul 12, 2020 9:25am

MQR will have market cap of $1 billion when Beaufor restarts

Wesdome has a market cap of $1.9B from producing almost 60K ounces of gold annually. Similar resources to MQR. IMO, when Beaufor is restarted and produces 25K ounces annually, in addition to progress on Wasamac and other advance stage projects MQR can easily be around $1B market cap. When Wasamac is in production around 2022-2023, MQR market cap will be $2B, IMO. Given where gold prices will sky rocket with the gold bull market just getting started, maybe MQR share price will be a 10 to 15 bagger well before 2022-2023.


Patience will be rewarded.

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Monarch Gold Corporation