Monarch Gold Corporation T.MQR

Wasamac - option utilizing Glencore’s Kidd concentrator

[rideitout]

See below the link incase anyone missed it from JUNE 22, 2020. Some important dates are defined below. If MQR does not build thier own mine, this option will be utilized, from my understanding. Definitely win-win situation either way for its' shareholders. With over 2M oz thus far (and drilling ongoing to increase size), MQR is positioned to substantially increase in SP over a short time, IMO, if all goes to plan.

https://www.mining.com/monarch-selects-ausenco-for-upgrading-study-on-kidd-concentrator/

Under the terms of the MOU, a toll milling agreement would need to be executed by the end of March 2021, concentrator upgrades completed by July 2023 with the first ore delivery to the concentrator by Dec. 31, 2023.

IN MAY, MONARCH ENTERED INTO A MOU WITH GLENCORE, WHICH INCLUDES A FOUR-PHASE WORK PLAN FOR MONARCH

The upgrading study is expected to be complete by October of this year, and will be done in two phases. The first would look at the costs associated with whole ore leach and flotation leach recovery options while the second will develop the optimal option to the pre-feasibility study level.

The ore from Wasamac would be transported by rail to the 12,500 t/d facility for processing and pouring into dor bars.

[RevT79]

Really?? first ore by 2023??

[RevT79]

Why don't they just use there own mill to process the ore from Wasamac?? the mill is ready and they could start next quarter!! When you think wallbridge toll mining from Fenelon and still make profit I don't understand why they have to process their ore in Timmins . that just sound crazy! malartic is 35 minutes away!

[locomoco]

Malartic is probably a better choice given Yamana is now invested into Monarch. Glencore Kidd Creek option will mean Monarch has to spend way  more money to upgrade mill at Kidd Creek and will take more time. Monarch can start generating some serious cash flow sooner with Malartic option to process ore from Wasamac and not incurr heavy debt by choosing Kidd Creek. And by getting to positive

[rideitout]

I would agree locomoco, that Malartic IS the better choice, given that Yamana has vested interest into MQR and that MRQ will be able to produce product on a faster timeline, much sooner than the proposed 2023 with Glencore's Kidd Creek mill (and cheaper too). I cannot find any info regarding costs associated with this route, or if there was ever a study. What is interesting is that Agnico

[Timster61]

Guys it's unlikely Wasamac ever gets to production as MQR will be taken out long before then unless they get huge numbers out of Beaufor or Mackenzie Break and start production with increasing volume; otherwise it's a takeout by Alamos; Yamana or Agnico

[locomoco]

I think as soon as Wasamac receives mining permit, Monarch will be taken out by most likely Yamana and Agnico. They will continue their joint venture and use Malartic to process Wasamac and focus on exploring Croinor which has potential to be a multimillion gold ounce property. 

[Timster61]

Something like that Locomoco - I think the takeout will be 1.50 + which is a bit of a shame because they have the potential to go 5 dollars plus if they keep their assets and operate them

[locomoco]

Timster, yeah I feel the same way that if Monarch does not get taken out and continues the stock can be $5 when Wasamac starte producing. However, $1.50 + is not too bad. I am hoping a bit over $2 per share.

[Timster61]

A 3 or 4 Bagger from here is a big win for sure LM - nothing is ever a slam dunk but I think it's just a matter of not if but when