Hi Woolydog, Whilst I'm Pessimistic about recent history, ie...

Hi Woolydog,

Whilst I'm Pessimistic about recent history, ie costing $2200 per ounce to get gold out of the ground, and the terrible Quarterly report about to come out, the future of this company is looking really good.

They are aiming for a cost of approx $600/ounce to dig the Gold out of the ground from March and for the rest of the year, and they will be ramping up the amount of ounces they are pulling out. By March (ie 2 months time) they will have a very good positive cash flow.

From a resource point of view- They already have 5Million Ounces of Gold with massive prospects of finding alot more. They are sitting on a massive landholding in the Golden Belt in WA, and alot of their land is relatively under-explored.

Even if they don't achieve their goal of 500,000oz p.a by Dec 2009, just getting close to this number will mean the Market Capitalisation of Monarch will be MANY MANY times the present market capitalisation.