MON 0.00% 29.5¢ monarch gold mining company limited

1) Mon failed because the ore grade was not up to Jorc certified...

  1. 3,731 Posts.
    1) Mon failed because the ore grade was not up to Jorc certified level. Who is the geologist that certified the grade?

    A: Check the resource category, the inferred resoruces, not reserve, get it?

    2) How come he is not taking any responsibility?

    A. MK should be fully responsibility. I have asked him very specific question: "Why not convert the resouces to reserve?". He bully me and joke about my chanllenging his professional status, and reply that he knew the gold is there, and not to "waste" money on drilling known resources, rather to expand resources base, etc. etc. His overbearing personality cause me a little money, and of course a lot of shareholders.

    3) Is the technology and method for determining ore grade fatality flawed as shown by BDG, VRE and now MON.

    A: There is no short-cut, you have to do the dense drilling to convert into reserve before mining it, or hit and miss.

    4) Incidently, MON SP started slipping after the first gold pour back in 07. A co-incident or those close to the operation knows what was going on?

    A:Absolutely. Either the promised gold is missing, or there is no gold. Still related to the question number one.

    Very important lesson, don't trust anybody, particularly, snakes! If next time you have received a Xmas card from a company, sell it immediately!
 
watchlist Created with Sketch. Add MON (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.