Monument Mining Ltd V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties.

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Monument Mining Ltd

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Post by EDDY05on Sep 16, 2011 11:43pm

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Post# 19053305

bx55g

Just finished having dinner with some friends who are active in the market...subject turned over to the price of gold. Everyone was talking about the price of $1800.apx as of today and for the most part the the rise over the last 6 months or so from $1400.apx. The catalyst we agreed for this rise was mostly if not entirely about negative economic data..(Defaults, European debt, Job Data, unemployment, manufacturing output, U.S. debt ceiling..ect..)
Then someone mentioned, all this move up, close to $2000 and all due to economic news, Imagine a hint or slight hint of a confrontation, (not that we are war mongerers) example...tensions in the middle east, Iran relations with the west, North Korea, U.S. finds a new bad guy, or more violent public uprisings like Egypt, Libya, Syria and even in London and the U.K.
..