This amazing little Gold producer will be the real Monarch of the new Gold producers pretty soon. The current expected production is 125000 OZ/year & will be increased to 500000 OZ/year from 09. High grade ore mining has started now, massive (11 million dollars worth) drilling campaign is going on now, with lot of success to increase the current JORC resources of around 2.5 Million OZ. The profit expected for 07-08 is 28 Million dollars & may increase substantially if Gold price holds @ current level. Big cash @ bank & has top 20 holders with about 50% share holdings. If you are looking for a stable investment with good speculative upsides in this sector; hard to beat MON. All IMO only. DYOR is worth it.
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the real monarch in the making
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