Monarch Gold Corporation T.MQR

Spinco is actual a bargain

[martinpq]

People on the Bid is actually getting the Spinco at a really cheap price. Beacon Mill Beaufor Croinor McKenzie This company is going to have a solid balance sheet.

[rideitout]

What will the stock price and share count of the SPINCO be estimated at? Thanks

[sledig]

Well if you do the math I  figure 63 million shares at .75 cents per share = market cap of 47.25 million. Correct me if I'm wrong.

[rideitout]

Thanks sledig. I am still on the fence on whether I sell my currently held MQR shares or let it ride thru the deal. Hmmm....still have to research. Any idea as to the concenus for the most part MQR holders are doing?

[sledig]

I would think most would hold especially if you think holding precious metals going forward is a good thing. Me I will probably hold maybe buy a bit more if it creeps back towards .50. Gl

[locomoco]

@rideitout, you should "ride it out" and wait until deal closes. I am waiting for the deal to close and then sell all my Yamana shares to buy more Spinco. IMO, by this time next year when Beaufor has already restarted, Spinco shareprice will be at least 3X.

[rideitout]

Thanks locomoco for your insight. I am of the same thought process at the moment. Beaufor has some great potential from what I was reading and gathering intel on. What are your thoughts on the Spinco issue price at time of deal completion?

[locomoco]

IMO, I doubt the issue price for Monarch Mining would be substantially higher than what the stated price of 75 cents is, unless there is a slew of great news about Beaufor and McKenzie, which the CEO said will be release in coming weeks. If that happens I can see the opening share price of Monarch Mining be well above 85 cents. Once Monarch Mining restarts Beaufor mine and it  is estimated

[Wantonfuey]

You are not alone in your vision of the future.  Just go back through Monarch's PR's about Beaufor and the rest of the assets left in spin co.  More value there than the pps is crediting currently.  This should continue to get closer to deal value.  Those selling at .40usd of under (over the past few days) are going to regret that decision unless they moved the money

[greendayyyy]

Amid gold price whipsaw, M&A heats up in the mining space   David Erfle Friday November 13, 2020 09:00 Kitco Commentaries | Opinions, Ideas and Markets Talk Featuring views and opinions written by market professionals, not staff journalists. Commentaries & Views Share this article: News

[Optional]

The more I ponder this deal, the more I think I like it. They're hitting Beaufor hard with this drill campaign, from which we'll have results well before the deal closes. Does anyone have a guess as to the upside potential of Beaufor? The cut-offs are high from the last reserves estimate, so there's extra ounces already when that's adjusted. I don't think it's a surprise to

[locomoco]

42,500 metre drill program on Beaufor is huge. Monarch only reported I think less than 10% of what has been drilled already so lots of drill results  still pending. IMO, they will be able to increase resources to mine Beaufor at 20K ounces per year for anothrt 5 years at least. I think we will be pleasantly surprised when they report drill results at deeper depths. Beaufor mine is still very