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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 Jul 07, 2022 8:28pm
155 Views
Post# 34809992

RE:Cathy Buys 1 million shares at $0.11

RE:Cathy Buys 1 million shares at $0.11I think this may have been reported earlier, but reposted in case it wasn't .
If it wasn't for the ffing supply chain issues , we would now be commissioning the new Floatation plant.

This plant and its 45,000 ounces per year production will be the biggest fundamental development for Monument since the original Selinsing mine opened in 2010.

Since then there has been a long and extended period of miscues , court cases, the Mengapher debacle , and the undue decline in Selinsing oxide resources.

Undue, because had we not wasted over $100 million on that black swan, we could have discovered Pernaghi/ Mentique earlier and would have had the cash to buy gold production elsewhere during the doldrum years when POG was in the $1200 range.

Cant change the past but it's the Floatation gold production which has kept me invested here these past few years.
It should provide for the first time in nearly a decade , a fundamental foundation for our market cap.
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