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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

Comment by nozzpackon Feb 17, 2021 8:45am
58 Views
Post# 32582776

RE:RE:RE:RE:The Floatation Product

RE:RE:RE:RE:The Floatation Product
Based on the 2019 feasability study, The design capacity of the floatation plant is 950,000 t/a with a weighted average head grade of 1.92 g/t gold and 0.64% sulphur.

Recovery would be in excess of 90%.

Based on these parameters, the floatation plant would produce about 55,000 ounces of sulphide gold concentrate per year .

The buyer would need to oxidize the concentrate and then recover oxide gold by CIL.

I assume that Monument would receive 70% of full smelted value or about $1300 US per ounce.

This would result in about $70 million US in annual revenues from sulphide gold concentrate sales.

This is pretty rough value for the price of 90% pure sulphide gold but at least a decent ballpark figure

 
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