could this me another Medusa Mining?
not exactly so, but could be a similar..
current MC of Medusa Mining is 1.5 bilion, 100k oz yearly, cash costs 200usd.
Monument Mining, targeting 50k oz this year, projected cash costs 250-300 usd, next year double the output of mill.
well, the bilion MC question is, how much gold reserves will be company able to expand.
from last presentation company is expecting 75,000 -100,000 ounces of gold production in a year three, with
Cash cost estimate of US $346/oz. so lets say we would be able to achive a half of the MC of Medusa Mining, 750 milions with 250 milion shares after warrant conversion, the stock price could be around 3 bucks.