Chris interviews Pres/CEO Jean-Marc Lacoste of Monarques Gold (TSXV-MQR; OTC-MRQRF)
Monarques–with financial backing from the likes of Greg Chamandy and Rob McEwen and even the Quebec government’s own significant investment–is THE best asset consolidator and, now, organic growth story in the Abitibi. As we discuss, the property has found a “sweet spot” of acquiring some great assets that individually may not merit development/production by the majors but are contributing to building a considerable company in Monarques’ hands. Its resources and production (both of its own mills should be at or near capacity by the end of 2018) render it one of the best values in the junior producer space.
Make sure to check out Monarques’ story at https://www.monarquesgold.com/
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Thanks for this interview on MQR guys. I had a position in Monarques at the beginning of 2017 and sold it in January of this year. They are a very under-followed and under-rated company, and their acquisitions will prove out to be quite accretive over the longer term. Definitely one I’ve been waiting to position in again down the road …
This guy sounds like a great yard sale expert. He finds value in other people’s throw away. Lot’s to be said about a buyer with his attitude. He’s likely building great values as inexpensively as possible. Good story.