yes hainholz is probably right.at the moment we have ~900 USD...

yes hainholz is probably right.
at the moment we have ~900 USD per ounce and maybe costs of (i guess) 800 USD so we earn money...
in my opinion there r 2 problems,
first is financing the mt magnet project. i think 30 millions cash out of the tsx listing is to optmistic...
and does someone know if we paid already the 5million AUD to harmony??
my english isnt that good so i cant find it in the report but it should be paid already?!
second problem is exploration, it is good to explore but to finance mt magnet and exploration is a bit to much for a cashflow of ~1.000.000,00
i hope the can lower the costs quickly and after that try to do other things.
but anyway...monarchs projects got really good if you compare it 3month ago.