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Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

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

Bullboard Posts
Post by Freddy1989Germaon Aug 06, 2020 2:11pm
197 Views
Post# 31374370

Gold production Share price?

Gold production Share price?Hello I here times the first 3 quarters summarized what was produced there .... produced "not sold" it is always some gold from stock sold unfortunately at very bad prices. 

Q 1 4.852 oz gold produced 1.158  AISC 
Q2 4,827oz  gold produced (“AISC”)  $1,135/oz
Q 3 5,369oz of gold produced ("AISC") of $1,070/oz

I think we could have managed around 20,000 ounces by the end of July despite the 2 week production downtime.

I once went up from a 1900 gold price and ALL In Cost of 1200 went up rather too much.
 
that would result in 14 million profit at 20 000 ounces by 350 million shares about 0.04 cent per share only with these bad assumptions
 
Does anyone know how similar gold producers stand with similar quantities of the market cap? 
 
I would assume a P/E ratio of 10 for a mining company which would mean 0.40 cents, but with these numbers how do you see it?
 
 
Bullboard Posts