Monument Mining Ltd V.MMY

Is it time to reconsider Biox for Sulphide Gold?

[nozzpack]

For several years , Monument considered options for recovering gold from the sulphide ores at Selinsing.
In 2015, the Biox process was rejected as being cost prohibitive.
Cheaper methods such as gold flotation were considered as being a much cheaper alternative

Eventually, Biox was reconsidered and chosen but it's capital costs remain constraining .

New processes for extracting gold from sulphide ores have seen emerged and continually being refined.

These are much cheaper and two of these are the Albion process and the Leachox process are in use today ....one wonders if Monument has reconsidered Biox

https://apnews.com/press-release/pr-businesswire/62f371d3efac41f7a5e845b7efa7ca6e

 

Leachox process

 

https://www.min-eng.com/hydrometallurgy/242.html

[nozzpack]

These, including Biox,  are all sulphide ore pre treatment processes that prepare the ore for leaching. Management have been making significant progress in this already, with recoveries up to 70% for transitional sulphides . These are now being produced albeit a bit more expensive. This refractory gold field is progressing rapidly with the Albion process reducing capital costs by an order of

[romara]

In my opinion, management has not gone for the financing of any process, because the financing "PP" would give the investor (s) voting control of MMY .... which is something management does not want .... it's theirs, and they want to keep it (MMY) .....  Bob has probably got a mantra that he says to get to sleep at night...."the mine is mine.... the mine is mine .... the

[oilgashappy]

Not if the PP is taken up by friends and families.

[romara]

Can he trust friends and family.... when he is a grifter ......  People also ask What does it mean to be a grifter? Continue reading... If there's one type of person you don't want to trust, it's a grifter: someone who cheats others out of money. Grifters are also known as chiselers, defrauders, gougers, scammers, swindlers, and flim-flam men. Selling a bridge and starting

[nozzpack]

I am not arguing  that Biox is not efficient. Rather it is very expensive which explains why no financing has been secured todate and why Monument rejected Biox in 2015. In the examples provided for Albion ( also used extensively around the world ), sulphide gold recovery was in the 95-98% which is outstanding. Instead of $50 m , Albion costs less than $15 million. New management, perhaps

[oilgashappy]

If Albion process produces such good result at a lower cost, why MMY management does not consider this? Operating cost too high, bad for the environment, friend and family deal?