It has a market capitalization of just $40.8 million, but Monarques Gold (TSXV: MQR; US-OTC: MRQRF) has a lot going on across its 300 km2 of gold properties in Quebec.
Its flagship Wasamac project, 15 km west of Rouyn-Noranda in the heart of the Abitibi, contains 30 million measured and indicated tonnes grading 2.70 grams gold per tonne (or a contained 2.6 million oz. gold) that could be mined from underground as a bulk mining operation.
Monarques is on track to complete a bankable feasibility study on the project in December.
That, says Monarques president and CEO Jean-Marc Lacoste, should convince the market that the company is undervalued, and should be taken seriously.
Continue reading at The Northern Miner.