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. > Price to Book as Measure of Success

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Post by nozzpackon Jun 10, 2021 8:17am

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Post# 33361020

Price to Book as Measure of Success

Our Book value is $150 m CAD.
Our market cap is $54 m cad.

Price to book ratio is 0.36

KRR ( $4.10 market cap of $590 million ) has a book value of $212 million CAD and trades at 3.8 times book.

Production success resulting in robust cash flows assoxciated with no debt is the main driver of price to Book.

Should current management through its diversified reveniue streams succeed in bostering production and unlocking hiden value, we have the portential for major gains in market cap.

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Mid-year review: How has gold been performing?