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. > Huge Huge News… ODY maiden Resource 376,000 ounces !,,,

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Comment by nozzpackon Aug 02, 2023 11:48am

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Post# 35569118

RE:Huge Huge News… ODY maiden Resource 376,000 ounces !,,,

This includes only a small portion of the Highway zone , so this 376000 ounces will have an excellent chance of doubling to 700,000 ounces once the massive extent of that zone is fully drilled

And of course the underground resource which has barely been drilled but todate at the Highway Zone shows very high grades.

There are 294,000 ounces of open pit at 2.9 Grams per ton of oxides.

Very clearly , ODY will soon be requesting the activiation of the SPV ( Special Production Venture ) with MMY to resume production at the Burnakura mill.

At 2.9 grams per ton, 25000 ounces per year can be already produced for over 10 years by the current capacity of the Burnakura mill.

Apollo is financing ODY , so financing the expansion to 500,000 tpa will not be a problem.

In my opinion , todays news and its near term production reality doubles our fair value ..