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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. 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. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.


TSXV:MMY - Post by User

Comment by nozzpackon Dec 21, 2020 1:09pm
59 Views
Post# 32153481

RE:RE:Provisional Valuation of Murchison

RE:RE:Provisional Valuation of MurchisonDato just sold his Australian  producing copper mines to a Chinese buyer in Dec 2019.

So, he has good mining experience in Australia.

Monument have a good technical team but management is too lazy to get out of its own way.

At $600 million CAD per producing ounce of gold with an excellent balance sheet, Selising alone should be valued at $0.35 per share on annual production of 20,000 ounces.

Yet we cant get above a market cap of $30 million which is mostly the value of our  cash and liquid gold dore..

If Dato shows little interest in changing things for the better, we will have to go the forceable route which we have so far demurred to do..


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