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 > Provisional Valuation of Murchison

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Comment by nozzpackon Dec 21, 2020 1:09pm

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Post# 32153481

RE:RE:Provisional Valuation of Murchison

Dato just sold his Australian producing copper mines to a Chinese buyer in Dec 2019.

So, he has good mining experience in Australia.

Monument have a good technical team but management is too lazy to get out of its own way.

At $600 million CAD per producing ounce of gold with an excellent balance sheet, Selising alone should be valued at $0.35 per share on annual production of 20,000 ounces.

Yet we cant get above a market cap of $30 million which is mostly the value of our cash and liquid gold dore..

If Dato shows little interest in changing things for the better, we will have to go the forceable route which we have so far demurred to do..

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