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Multi-Billion Dollar Agreement Signed With Oman

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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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Message: I dont get it...

Long time reader - first time poster....

I always wondered what the big impediments were considering they have a signed agreement in place. With the RCA as an investor this seemed too good to be true. But alas- there's clearly something that CCC sees that I dont:(

Management has been selling stock incessantly just to sustain their travel and DA. I say that with some degree of conviction because none of us have been selling or at least it seems so. I always thought it was better to hedge the bet here by creating a short position but oh well! we live to learn.

Their mkt cap is down to 3.5M and I think this month might be the last straw that breaks the camel's back.

Hoping I am proven wrong....

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