Monument Mining Ltd. V.MMY

Analysis Q 4

[Freddy1989Germa]

Oxide/ sulfide mix ore that is transition ore to set the plant.

 

2023 tons of ore shipped

4409 ounces 

66% Recovery

 

In August 2023 the plant ran 30 days without shutdown and on August 16 full production was announced. 

 

If we assume 80% recovery at full sulfide ore we are at 5264 ounces per month and the plant has not yet reached the 4500 tons per month. 

 

Note especially the strong inventory at the Perth Mint which can still be sold in finished ore. 

 

Or do I see it wrong? I am curious about other analyses opinions. 

[romara]

Here is an article about the Perth Mint ..... even though it is government owned and operated https://www.abc.net.au/news/2023-03-06/perth-mint-gold-doping-china-cover-up-four-corners/102048622 ...... Richard

[Goldfinger007]

The 5.701 oz of gold concentrate held at Selinsing side, not at Perth Mint.  Finished goods include 0.251 ounces of gold bullion held in the metal accounts (June 30, 2022: 1,986 ounces) and 5,701 ounces of gold concentrate held at Selinsing site (June 30, 2022: nil ounces).