MON monarch gold mining company limited
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Gold producer, 6500 Oz/month @ a cost of around $540/Oz, ramping...

  1. madan
    2,234 Posts.
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    22/10/07
    13:28
    Post #: 2919586
    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.
    MON Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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