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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 27, 2024 7:13pm
308 Views
Post# 35902729

Murchison……Nearly 1 million Ounces

Murchison……Nearly 1 million Ounces 407,000 ounces for Turnakura, 381,000 ounces for  Burnakura and 153,000 ounces for Gabanintha.

Combined nearly 1 million ounces plus  upside once the 43-101 Resource estimates are updated for recent drillng .

Burnakura also has a fully equipped 110 man mining camp and a 269,000 tpa mill.

All of this represented just by the $17 million market cap of ODY for 80% of Turnakura despite POG being sustained above $2000 US and all central banks buying gold.

Held back by the US Federal Reserve shorting of gold in order to make their $1.6 Trillon in UST Bonds look attractive to investors ..........

Value always emerges .

It will be the case here too....


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