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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 Freddy1989Germaon Aug 03, 2023 12:36pm
65 Views
Post# 35571466

RE:RE:Detailed Data Incorporated F2023/24 Production

RE:RE:Detailed Data Incorporated F2023/24 Production
Yes, the development is quite interesting.

1 From my point of view, there are 2 options: either Odyssey will process the ore from Tuckanarra via the West Gold Mill and mmy gets a 20% share of the profits.

Or have the ore processed at MMY's mill and generate the first cash flow for both parties.

The ore is probably surface close and just needs to go on the truck and off we go as I see it.

And with the cash flow you could expand the exploration or get the money together to expand to the 500,000 or 750,000 tonne mill.

With Selinsing, a cash flow source is just starting to bubble up.

At A$2900 it should be worth it.

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