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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMY - Post Discussion

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Post by Freddy1989Germa on Jun 24, 2023 4:56am

nozzpack

Hello Geo

I personally believe that 4500 tons per month is feasible but I prefer to be a bit cautious.

"Daily recoveries in excess of 80% have been recorded during June 2023, although an average of 68% recovery month to date was caused by some poorly performing old transition ore processed at the start of the month"

"The flotation plant operation is improving with up to 99 per cent of design capacity achieved during June, 2023, and overall 83-per-cent capacity achieved for the 30-day period up to June 17, 2023"

The way I read it, old ore was used for the ramp up phase which I think is good.Personally, I think we will see the right numbers in Q1.


Comment by bullhorn3 on Jun 24, 2023 8:39am
Has Russia destroyed all the Nazis in Ukraine yet? The end of Putin's war will be a signal for gold to move.
Comment by nozzpack on Jun 24, 2023 4:24pm
Yes, pretty close to mopping up. There will be no retreat from BRICS which means de dollarization will continue, especially with the clowns in control..
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