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 > Valuation

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Post by PaulOntario on Jan 04, 2021 2:53pm

Valuation

The market will retate once news is released about Beaufor, McKenzie and Croinor. News is withheld to ensure valuation is given to new company, Monarch Mining. Gold price will rise quickly once Democratic Party takes Senate in coming days. Trump made this a near certainty with his never ending meddling. Stimulus will be larger and constant over coming years. I will be buying more shares once receive cash from deal as well as selling Yamana shares. This will also boost price of new company as many will do same. Low number of shares in float with 14 million in cash is also positive. Real benefit short term is producing gold at Beaufor. More focus as fewer assets to manage.

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