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.

TSXV:MMY - Post by User

Monument Mining Ltd

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Comment by Margreton Oct 09, 2012 11:24am

204 Views

Post# 20464330

RE: RE: Harmonization Agrmt. signed

When someone purchases from you, they pay in cash and not cows don't they? lol

Afterall, MMY owns 70% of the Mengapur deposit now. In the past, they must have paid the iron purchase to the previous owner. You don't let someone else come and take your iron for free do you?

This is good news. Elimination of lawsuits is always good.

Additional cash to their overflowing cash flow is good.

Since Mengapur is a large deposit, does it mean the P/E drops from 1.6 to below 1? :)

Bullboard Posts

Cannara reports record growth and profitability in Q4 2023