Best you provide real facts rather that stirring with...

Best you provide real facts rather that stirring with exaggerated facts.

1) Nothing has been sold from Monarch - It is a recapitalisation. i.e. Monarch still exists and retains ALL of its assets for the benefit of its shareholders. Take a lesson in Corporate Fiance 101 it might educate you.

2) On my experience a mining operation of that size would incur about $3M - $4M per month of Opcosts and say $500K-$1M of admin costs.
We know MON was producing some gold even if it was only 2-3,000 ounces per month that would give revenue of $2M+.
Therefore losses would only be in the order of $1-3M.

With the new mining planned and higher and going higher gold price I say smart play.
I am seriously looking at it.