RE:Ramilius offers $128 million for ApolloWe have about 550,000 ounces JORC and 43-101 at higher grades plus a mill and JV.
Prorata, our Murchison should be valued above $65 million.
Currently, zilch.
As our friend emphasized, they have no concept that they are managing our assets, nor that Monument is a public company, nor any skills to employ that concept.
Note that management have completed a feasability or certainly a PEA on resumption of mining at Murchison .
That is certainly material information .
So, why no public disclosure !
The CP also notes that a Feasability study will be undertaken in 2023.....2 years from now.
Why?
There is virtually no capex to recover.
So, once we define 25,000 ounces, why not resume while another 25,000 ounces is drill defined.
We have a $11 m definition drilling underway with 550,000 ounces already defined.
We know there is over 50,000 ounces of very high grade oxide ounces currently forming part of the floor of NOA 7/8 pit.
Why not dewater as you had planned in 2016 and mine it ?
Back it up with those high grade tailings at Tumbkegum .
I know that this would be very stressful , sort of destroying your concept of Murchison as a long term employment opportunity leading into your retirement, but you would enjoy the support of the public shareholders of Monument.
Or do you still consider Monument your private fiefdom ?
As a closing remark, doesn't anyone check what that drunken sot in Vancouver constructs for our Corporate Presentation ?
I mean, surely he knows the share holdings of current management ....or does he ?
I recognize that Cathy has to divert some time from her shopping day to proofread the CP content for accuracy, but such are the traumatic exigences of being CEO..