MON 0.00% 29.5¢ monarch gold mining company limited

WotevaI worked in the mining industry for 15 years, and you wont...

  1. 2,019 Posts.
    Woteva

    I worked in the mining industry for 15 years, and you wont beleive this but i have even worked at Davyhurst for Boral Contracting in the early 90s, before you mine there is a thing called grade control drilling, you know exactly what your going to dig before you dig it out (grades of ore) if the bloody ore isnt there when you drill it, why the hell mine and proccess the shit???

    Maybe MON and MK havnt heard of this method, maybe they just tell the boys to go excavate it and truck it all up to the mill, waste and all, its no wonder the ore is so diluted.

    Im telling you, this just dosnt add up, something is horribly wrong when you cant turn a profit at $950 per OZ, what sort of cash burn would MON have if gold was still $750, the company is just burning cash a very fast clip, the reason i sold out in october last year and sat on the sideline and have just observed, very glad i did

    You are thinking im a downramper, i swear on my grandfathers grave that i hope MON can turn the ship around for all shareholders and my mate who is still holding, the reason im so mad is it was my recomendation that my mate buy MON, thank god it was only 10k, still alot of money for the guy, i will be writing him a cheque for any loss that he incurs on MON, so i really hope that MK gets his head out of his arse and wakes up before its to late.
 
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