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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 romaraon Sep 13, 2021 10:45pm
99 Views
Post# 33853475

Management's Position

Management's PositionIt nice to se a developing mining company with it's management involved in it's financing. Have a look at Westhaven .....   Richard

"Westhaven closed a C$15 million bought deal financing in March [and has qualified for an additional C$2 million Mining Exploration Tax Credit] and is now well-funded to complete its exploration initiatives at Shovelnose for 2021. Nearly 90% of the $15m dollar financing was purchased by precious metals funds.

"Post finance, the share structure remains tight with nearly 126.3M shares outstanding. Founding management, directors, and officers have a lot of "skin in the game" and are certainly aligned with shareholders at 25% ownership of the company's shares, with friends & family holding another 10%. Management is doing everything in their power to unlock value for shareholders through drilling and future potential new gold discoveries and the release of the inaugural maiden resource on the initial south zone discovery area."


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