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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Comment by ValuInvstron Jun 02, 2012 5:00pm

225 Views

Post# 19974727

RE: RE: Stockpiled Au Ore

I understand your concern about assuming huge production increases, but they are expanding mill capacity from 400,000 tons per year to 1,000,000 tons per year. Unless they expect to be running lower grade ore through, production should increase two fold or more.

The stockpiled ore is a lower grade. 0.4 to 0.8 grams per ton. It is my understanding tha the expansion is NOT being done just to run the stockpiled ore through.

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