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Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties.


TSXV:MMY - Post by User

Bullboard Posts
Comment by goofenoffon Jan 08, 2014 8:22am
222 Views
Post# 22068623

RE:RE:Being one of the lowest-cost gold producer was overrated?

RE:RE:Being one of the lowest-cost gold producer was overrated?Baldock is overstepping his mandate from Goldmet to hold the line until AGM. He is jumping on a purchase that is questionable as past production was not profitable. Kentors bankers saw this and refused additional financing. Does Monument have the millions it will take to get this mine of the ground again and profitable? The purchase may be advantages but we are talking Australia not Malaysia here. Completely different costs involved and no tax breaks!. 
Goldmet must be livid right now and will get my vote for new directors as present mgmt. has proved to make grandiose decisions.
ATBWYI, goofy
Bullboard Posts