Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Nov 18, 2023 4:59pm
753 Views
Post# 35742829

RE:for some clarification ODY

RE:for some clarification ODYThank you C for that info from ODY.

The main considerations for the seller is that selling the asset removes the risk of developing the mine.
That risk has increased in recent years due to imflatjinary costs .

The main consideration for the buyer is that buying an advanced asset is cheaper than the rush of exploration and then developing the assets.

Westzgold is blessed in having 1 million tons of excess mill capacity and has its own in-house drilling and mine development teams .

So, ODY/ Mutchison is right in its wheelhouse.

And, ODY might consider selling at the right price in order to avoid the costs and risks of proceeding to mine development .

So, it is these viewpoints that mean ..to me at least ..that these assets are in play, with MMY holding the joy stick ..
<< Previous
Bullboard Posts
Next >>