Monument Mining Ltd. V.MMY

Murchsion profitability study

[Freddy1989Germa]

I am curious to see what the economic feasibility study says about Murchsion, the previous owner had a 5-year plan and wanted to start with 24,000 to 30,000 ounces with the 260,000 tonne plant.......that was not economical.

If an agreement is reached with Ody sometime in the summer, it could be interesting - they have the high-grade ore for the plant.


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Now the presentation talks about an option to upgrade the mill to 750,000 tonnes, which would massively reduce costs.

I don't know if you can say 30,000 tonnes with the 260,000 plant times 3 maybe 90,000 ounces in Australia alone if of course the ore grade and everything else is right but that's speculation.

The new five year plan includes an increase in forecast average annual gold production to 30,700 ounces from 24,000 ounces per year and a reduction in average cash costs of production to $1,075 per ounce from $1,223 per ounce.

The gold price is currently at 3100, so it doesn't look too bad for MMY and Murchsion to finally make some progress in the summer as soon as Selinsing has solved all the problems.

[nozzpack]

3 gram head grade gets you about 20,000 ounces perhaps as high as 25.000 ounces at 260,000 tons. As a start to resuming productin , that would be quite sustainable , sufficient to test the mill and ascertain all in costs. Use free cash flows to boost capacity to 500.000 tons and hence about 50,000 ounces per year for a LOM of about 10 years . Thats equivalent to another Selinsing mine and

[Freddy1989Germa]

Hello Geo   Yes that was my idea as well it could be an applicant Ody so buy Tuckanarra as I see some going for over 200 million dollars over the counter some projects.   And because MMY holds 20% MMY would have most of the money together to bring the mill to 750 000 tons.   But I really believe that MMY wants to produce itself, whether that will work in 2025 I don't