Monument Mining Ltd. V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

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.

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Monument Mining Ltd.

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Post by nozzpackon Jul 23, 2021 10:55am

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Post# 33595853

Estimated Cash and Cash equivalents

As of March 31,2021, Monument had $38.1 million US in Cash including the Cash received April 8/21 from the sale of Mengapher.

Another $1.55 million US in cash was due on June 24th/21 as the second phase cash payment from ODY.

At that time, Monument had 4.56 m ounces of gold bullion valued at $10 million US.

Altogether , thsts about $49 .5 million in cash and liquid assets which is $62 million in CAD or about 18.5 cents per share.

Assuming that Q4 production will cover normal operating costs, and with $25 million CAD and $11 million CAD set aside for the fully funded Floatation plant and Murchison budgets, totalling $36 million CAD, we should have availble about $25 million in cash as a contingency.

This is a remarkable and risk averse balance sheet that I doubt any other microcap gold producer could match.

All We need is investor exposure and hopefully solutions to that are coming along

Have a great weekend.