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 05, 2012 12:45pm

244 Views

Post# 19981530

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Stockpiled

Let me help you out further. Take a look at Finished Goods Inventory of 3,152,786. What is its composition? It is restriced inventory of gold and gold not yet sold. Restricted inventory is 7,600 ounces valued at 2,440,360, or $321 per ounce. Why is it valued at that? Because that is the accounting cost. Non-restricted finsihed goods was 712,426 and would be another 2,300 ounces valued at cost.

The same is true of stockpiled ore. The MD&A doesn't detail it, but it should be the mining cost plus associated depreciation but not milling and any royalty since it has not been processed yet.

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