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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

Post by nozzpackon May 01, 2021 1:22pm
123 Views
Post# 33108656

Peer Based Project Valuations of Monument Mining

Peer Based Project Valuations of Monument MiningAll values in $ USD



 
 
 
 
 
 
 
 
Project
Production (Oz)
POG
Cash Costs
Cash flows
Cash flow Multiple
Valuation
Confidence
 
 
 
 
 
 
 
 
Selinsing Oxide
25,000
$1700.00
$606.00
$27 m
6.3
$170 m
Very Good
 
 
 
 
 
 
 
 
Selinsing Floatation
50000
$1257.00
$657.00
$30 m
6.3
$190 m
Good
 
 
 
 
 
 
 
 
Colombian Concentrate
10000
$1700.00
$1200.00
$5m
6.3
$32 m
Fair
 
 
 
 
 
 
 
 
Murchison 
24000
$1700.00
$1000.00
$17m
6.3
$105 m
Good
 
 
 
 
 
 
 
 
Murchison ( 2 X ODY Proxy )
 
 
 
 
 
$80 m
Very good
Combined
109,000
 
 
$79m
 
$497 m
 
 

A holding company discount will apply to the combined valuation of Monument.

This could be in the 30 % range, depending on investor awareness

Examples are Tuckanara project went from zero to over $50 m cad when Jved and Mengapher from zero to $30 m US when sold.

Murchison  will not be accorded full fair value because of  the holding company discount.

That will only happen by a spin out , and partially so by complete sale of advanced project

Projext Reference Links
 
 
Selinsing Oxide Production ( AISC from last year of 25,000 ounce production ( 2016 )
 
 
Selinsing Floatation Production
 
 
Colombian Concentrate 
 
https://stockhouse.com/companies/bullboard/v.mmy/monument-mining-limited?postid=33100011
 
 
Murchison ( Kentor Model )
 
 
Murchison ( 2 Times ODY Market cap )
 
Peer Based Forward Cash flow Valuation Multiple
 

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