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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 Teatimenowon Jan 11, 2021 10:29am
133 Views
Post# 32266504

RE:RE:RE:Monument Sells Megapur

RE:RE:RE:Monument Sells Megapur my take on this is clear: yet another 100%+ likely even happening in this week - till friday. NEWS is sell of a non-core asset for more cash than marketcap. Still has a Gold-mine and other carried interest. But most important, totally unnoticed by the market they built a royalty portfolio. 1.25%GSR on Base Meal in addition to 30mUS$ Cash + 1% NSR on Australian project. They could now spin co a royalty company by adding a 1-3%NSR on their producing gold mine. So maybe even a tenbagger if spin-co happens. Post Closing net cash is about 0.22Can$/sh - Trades at 0.095CAn$ (i did read latest SEDAR fillings and can`t see a red flag or something wrong.
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