MON 0.00% 29.5¢ monarch gold mining company limited

50 cents by march08 quarter, page-32

  1. 2,019 Posts.
    Current production costs as we speak are terrible, the budget for MON is 6500 OZ per month and we fell far short of this as of the last quater, i will actually bet that the gold produced cost more than what is worth because we fell far short of the budget target, last quater produced 3663 OZ of gold, im to scared to work it out because it will be bad.

    On the positive side of things, more high grade ore should be getting to the mill by January 2008, lets say the 15th of Jan, thats only about 10 weeks away. We should see a huge turn around coming.

    MON has good investor support thank god and the firming gold price should also help us, im not expecting anything from the SP for another 6 or 8 weeks until we get closer to the higher grade ore.

    Patience required for a couple of months, I would the SP to start moving rather well in January
 
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