MON monarch gold mining company limited

is this a good share to buy and hold

  1. 2,234 Posts.
    Gold producer, 6500 Oz/month @ a cost of around $540/Oz, ramping up production up to 500000 Oz/year in 2009. Recent placement @ $0.26 should be the last one, good cash in hand. Massive drilling campaign going on & periodical result announcement should be due now. My prediction for SP is $0.50 before X Mas, $1.50 by Jan 2009. I can't find anything wrong with this company & I think this could be the most undervalued Gold producer ATM. Discussions welcome. DYOR is worth.
 
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Currently unlisted public company.

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