Monument Mining Ltd. V.MMY

for some clarification ODY

[deiwel]

Here a message i received from ODY MN 3 weeks ago

The company currently has inferred resources and needs to progress further drilling and study to get these to a stage where they are ready to commence production. This includes drilling to achieve confidence in the volumes to be mined, geotechnical studies, design work and submission of an updated mining proposal with the government. Depending on the success of studies and government approvals this is expected to be at least 12 months. The company continues to advance this work along with continuing exploration on our highest value projects. We continue to talk to mining partners about bringing the projects to production. This could be as soon as 12 months but additional work is required.
 
From my understanding Monument Burnakura Mill requires work before being able to processing ore. Monument have not announced a timeline to bring the project into production. The use of this mill is one of the future options for our project and we continue to maintain discussions with all of the operators of processing plants in the area.
 
Regards,

[romara]

From ODY.... I was under the impression that you were stating MMY, which has always said from day one.... that they were going to put their Murchison property into production....so we wait, ...we wait.... we wait.. I am sure ODY has posted the same information you got, in the companies MD&A .....   Richard

[Freddy1989Germa]

Tell me, don't you understand they check all the options in the region ....which I can understand, I would do the same.    And even if Ody comes up with the idea of having it processed in a larger plant, that wouldn't be a problem MMY gets 20% of the revenue.    Yes, around AUD 10 million still needs to be invested in the plant at Murchsion so that a 500,000 ton

[nozzpack]

Thank you C for that info from ODY. The main considerations for the seller is that selling the asset removes the risk of developing the mine. That risk has increased in recent years due to imflatjinary costs . The main consideration for the buyer is that buying an advanced asset is cheaper than the rush of exploration and then developing the assets. Westzgold is blessed in having 1 million tons