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 Margreton Oct 09, 2012 5:45pm

137 Views

Post# 20466239

RE: Annual Results (repeat)

"Our skilled management team is now focusing on developing the Mengapur project, continuing to explore Buffalo Reef and Selinsing to increase NI 43-101 compliant reserves resources and commencing mining at Buffalo Reef, resulting in Company growth and aimed at an increased market capitalization."

Starting mining at Buffalo Reef is good to feed the extra capacity.

But someone needs to tell Baldock that the goal should be increasing share price not increasing market capitalization!

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