Monarch Gold Corporation T.MQR

Not a Deal until closed

[Timster61]

The deal has a relatively small break fee of 8MM, so if gold continues to run and Agnico or Eldorado or Alamos, or Iamgold, etc.. want to make a better offer it is not onerous

[Timster61]

And more importantly, Spinco becomes worth much more as Gold price increases - we are now valuing it at 50MM including the 14MM in cash which only values the properties and mill at 36MM - that is super cheap - Spinco could be worth double by the time the deal closes - I will be investing my winnings into Spinco as the return potential is higher than Monarch itself

[locomoco]

I have the same thinking. Spinco can easily double when they announce re-opening of Beaufor Mine next year. Will send the Spinco share price rocketing. Can see at least 5X by next summer.

[Timster61]

Agreed! Spinco could be a 5 Bagger next year but if Croinor or McKenzie Break results come back with more potential there is a lot of room to go higher