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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 May 19, 2022 2:46pm
80 Views
Post# 34696082

RE:RE:RE:RE:30 million WestGold Shares for Murchison

RE:RE:RE:RE:30 million WestGold Shares for MurchisonThere is no doubt that WestGold is still interested in our Murchison assets, as they were in late 2020.
However, Cathy is very difficult to deal with, although our efforts did get Tato onboard and the CEO to retire.
As is now obvious, long distance co-ordination of an exploration program from Vancouver to Western Australia is not working out well.
We still have not received assays for a small drilling program begun 6 months ago and at the latest report, we're still looking for a driller for the follow on phases.

Progress of our Aussie proxy ..ODY.. shows just how disadvantaged we are by long distance management .

Thats why I would accept $40 m in WGX shares , as the development of Murchison by WGX would shorten considerably the time to production which I would still benefit from by holding my WGX shares .
Otherwise, our Selinsing assets will suffer in their accelerated development , as those funds will be needed for Murchison.


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