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 Freddy1989Germaon Jul 30, 2023 10:56am

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Post# 35563713

Odyssey Gold Joint Venture

 It's interesting MMY should have a new cash flow source soon with Selinsing also they have 12 million in cash......and 90 million loss carryforward. If I understand correctly Odyssey Gold has to pay 80% of the cost if their ore is to be processed through the facility in Australia.....the question is does Odyssey have that much money? I would rather say that MMY can raise the 10-15 million more easily to upgrade to the 750,000 tons.... Of course you can wait for the gold price, but with a gold price of sometimes 2900 AUD, the price is very good, or am I wrong?

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