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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

Post by nozzpackon Feb 25, 2024 2:00pm
134 Views
Post# 35897946

WestGold acquiring ODY could be Game Changer

WestGold acquiring ODY could be Game ChangerODY is exactly what Westie needs to add high grade open pit ore to its overweighted low grade high cost underground mines .
Our Murchison has the same  complementary suite of gold assets.

ODY is very vulnerable as Westie could get it by an offer doubling its current modest market cap.

We still own 20% plus our Murchison assets.

Westie has its own drilling crews, its own mining crews and close to 1 million TPA spare milling capacity .

It would be a marriage made in heaven if Westie and MMY developed the entire Murchison project suite together .

I don't know what the equity based  Working Interets might work out to be but MMY vitally needs accelerated development of its Murchison assets .

Such an arrangement should add $50 million very quickly to our market cap, progressively increasing with project advancement to mining.

While speculative , we have stood on the dance floor with Westie before.

This time, we have a good chance to dance..
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