Posted On: 01/31/2014 8:50:07 AM
Post# of 99384
$MONK ~ Video ~ CEO Jose Perez interview outlined the company's acquisition strategy http://www.moneytv.net/volume18week2.htm
Over the course of 2013, $MONK accomplished the following:
Acquired 45% interest in New World Metals
Made deposit on a 100 ton per day ore processing mill
Stockpiled over 8000 tons of ore at its three mine locations
Pumped the La Luna Mine free of water and lowered shaft by 7 meters
Made major repairs and upgrades to structure at Morelos Mine
Lowered shaft by 8 meters and began production at the Peneto Mine
Featured on MoneyTV with Donald Baillargeon
To $MONK, however, this is just the start of what they want to accomplish in 2014. Some of the key milestones they wish to achieve are the following:
Complete Acquisition and Set-up of Ore Processing Mill and Begin Processing Ore
One of the Company's goals since acquiring an interest in our Mexican mining projects is to build our own processing facility. In 2013 we placed a deposit on a 100 ton per day processing facility.
The Company is looking at completing this acquisition and setting it up through 2014 to enable the company to begin processing its own ore.
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