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AGORACOM NEWS FLASH

BREAKING:Monarques Gold Confirms Pit Constrained Resource on its Mckenzie Break

  • The mineral resource estimate for McKenzie Break was prepared for two scenarios:
    • Scenario 1: A pit constrained Indicated resource of 48,133 ounces and Inferred resource of 14,897 ounces, and an underground Indicated resource of 53,448 ounces and Inferred resource of 49,130 ounces, for a total of 165,608 ounces of gold.
    • Scenario 2: An underground Indicated resource of 85,059 ounces and Inferred resource of 58,373 ounces, for a total of 143,432 ounces of gold.
  • Monarques Gold now has a combined measured and indicated resource of more than 3 million ounces of gold

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Hub On AGORACOM / Read Release

Message: Comments on negative working capital

Hi Peter,

 

I have just stumbled across PyroGenesis and there seem to be a lot of good times coming your way.

Having glanced over the Q2 Results though, I am concerned about the lack of liquidity being a big risk for a new investor.

"As at June 30, 2017, the Company had cash on hand of $258,138 and negative working capital of $6,486,226 compared with a cash balance of $385,257 and negative working capital of $2,079,353 as at December 31, 2016

"

Can you comment on how is the company addressing this, please? 

Thank you i advance and I apologixe if this has already been discussed and clarified.

Best regards,

Poetech2

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