TSX:MQR - Post Discussion
Post by
locomoco on Jul 27, 2020 10:40am
Wasamac ROI looking more impressive!
From Monarch Gold LinkedIn site.
Wasamac NPV at $1.3 billion at $1,900 oz gold price with IRR at an impressive 37%. Keep in mind this is based on option of building new mill onsite at Wasamac. There is the option of transporting ore to Glencore Kiddcreek for processing which will cut the capex in half and boost the NPV considerably. Approximately, for every $100 increase in gold price, Wasamac NPV increases by $100M. By the time Wasamac is put into production around 2022-2023 gold is expected to be well over $2,000 or even $3,000. Would mean NPV will be close to $2 billion, IMO. That will make Monarch worth at least 10 x from current levels.
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