MON monarch gold mining company limited

risk or reward, page-9

  1. 38 Posts.
    Hill 50 is too deep now with a lot of seismic problems.....
    Easy open cut deposits are gone....
    Harmony was due to close this operation in January this year and have been trying to sell it for a few months...

    Yes, they have bought some ounces, but it is hard ounces that is going to be hard to mine. I personally think that paying this sort of money for a tired mine is a risky proposition.
 
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Currently unlisted public company.

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