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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

Monument Mining Ltd. > Expansion Flotation Plan BIOX
View:
Post by Freddy1989Germa on Apr 06, 2024 7:27pm

Expansion Flotation Plan BIOX

Further options include expansion and / or construction of a BIOX
circuit to also process third-party concentrates

The current presentation shows that they are looking at what to do in the future on selinsing BIOX is difficult because of the heat the bacteria kill themselves it needs large cooling tanks.....
I think it would be smarter to spend another 18-20 million and build a 2 flotation process or an expansion, then you would also go towards 80,000 ounces only on Selinsing, what do you think?
Of course, the resources must also be there for this, as you currently have 6 years of mine life

1580 dollars you got at 1950 dollars gold price currently you should get around 1900-2000 dollars at 2300 dollars depending on how high the AISC costs are you should earn well


Comment by nozzpack on Apr 07, 2024 7:58am
Thank you. As an alternative , increase upstream processing by adding  crusher and grinder capacity and begin mining oxides at Peranghi. Very modest costs and oxide mining is much cheaper than refractory sulphide ore...and our idle oxide mill is costing us care and maintenance .
Comment by romara on Apr 07, 2024 9:44am
I really think the company (MMY) shouldn't do any other work until all the bugs are out of the sulphite process .... make sure it's working according to plan and operations. After that is accompliced, then, then hire some professional people to show and direct what they should do next, either work on the Austalian properties, or invest more into their Malayian operations..... get a ...more  
Comment by Freddy1989Germa on Apr 07, 2024 3:58pm
Hello Romara Yes, I agree with that since March 2023, an economic feasibility study has been carried out in Australia on Murchsion as soon as it is completed I think you have facts on the table And Ody wants to make a decision in the summer on how they want to produce the next few months will be exciting but I also see it that way, everything must first run as it should on Selinsing and the ...more  
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