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 > Gold Backed Ruble Now A Reality

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Comment by nozzpackon Apr 03, 2022 12:47pm

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Post# 34571216

RE:Gold Backed Ruble Now A Reality

Floor price of Gold is now set at $1940 US per ounce .
This could be the beginning of gold being valued at its intrinsic value rather than its manipulated paper trading value

In terms of gold, the ruble currently has a foundation against the dollar.

Gold, on the other hand, has a floor, because 5,000 rubles per gram equals 155,500 rubles per troy ounce of gold, which, with an RUB/USD floor of roughly 80, translates to around $1,940.

And if the LBMA/COMEX Western paper gold markets attempt to decrease the US dollar gold price, they will have to undermine the ruble as well, or the paper manipulations will be exposed.

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