Monument Mining Ltd. V.MMY

Drilling

[SilverNS]

If we can get a new 43-101 in excess of 1m oz AU confirmed in Western Australia I would completely call the drilling program a success.  Hopefully we start getting drilling results next week.

[nozzpack]

I don't see a problem getting to 1 million ounces once the stage 1 drilling program is completed. Just on very limited new drilling data by Monument up to early 2018 , We increased the Indicated Resources for  Burnakura alone  to 293Koz from 98.4Koz, and the Inferred Resources to 88Koz from 4.4Koz . You will note that these 43-101 resources were mainly from New Alliance and North

[SilverNS]

After we confirm 1m + with a mill - what is our share price?

[romara]

We already have a mill, all set to go in Australia. By that time..... we should be well on our way .... that's if we do a share conversion of 5 shares for 1 new share.... and maybe a new name with a new Board of Directors, and new President and CEO .......   Richard

[Wayned52]

Hi Richard , new name is another great idea along with the share consolidation . Most investors with any experience with miners see 350 million shares outstanding  and a 12 cent share price and run for the exit . They don`t even glance at the facts . 

[SilverNS]

There is going to be a ton of M & A activity in the mining industry and the majors are starting to look for mining companies with 1m oz inferred or more.  

[romara]

As long as Eric doesn't come by ......... and ask us to bend over the barrel ......Richard

[Wayned52]

Richard , you and I are two of the very few who see Sprott for what he is . Bad news . 

[nozzpack]

I am all for share consolidation and Name change  It benefits your share price when your share price reflects assets that are grossly undervalued . I would also encourage a rights issue as part of spinning out our Murchison assets into a new public company including the ODY JV including  current drilling funds, with funds from the rights issue used to put Burnakura into early production

[romara]

Take outs can be good, but mainly the buyout company only wants to pay a 10% premium on the last 30 average share selling price ..... many managements go for it, because they are assured a place at the table when the deal is done ....... For the shareholders..... they have to suck it up .......   Richard

[tsoprano24]

"Richard , you and I are two of the very few who see Sprott for what he is . Bad news . " You can count me in the group. I've said for years he was a con man looking out only for himself.  T

[Wayned52]

Tony , he is one of the few people to become a billionaire by standing on the throats of retail mining investors . I can`t even think of any other  mining  billionairs except Toxic Bob Friedland . And he actually took several major projects from grass roots to production . And yet the vast majority of those people think he`s brilliant and line up to give Sprott  money . 

[romara]

Wayne and Tony ..... that's why he has lot's of money ..... First Rule - Look after yourself ..... that's his motto ......  Richard