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 > Waiting for pending drill results on Beaufor

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Post by locomoco on Sep 03, 2020 9:24am

Waiting for pending drill results on Beaufor

Monarch has more ounces than Ore Zone but yet Ore Zone is trading close to $1 per share. Both have similar shares outstanding.

IMO, when Beaufor drill results come out, and announcement of Beaufor mine restart, Monarch share price will go way higher than $1.

I think there is a good chance Capex on Wasamac would be less if Monarch processes ore at Malartic rather than Kidd Creek. If this happens, good chance Monarch shareprice can go close to $2.

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