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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 Nov 01, 2022 6:45pm
102 Views
Post# 35064727

RE:Dato

RE:Dato

Our Murchison project, as substantive as it may be, is going nowhere under the present arrangement.

You cannot run an efficient exploration and development project in Australia from central HQ in Vancouver, staffed by just two , neither of which has run such a program before. 

As said previously, ya gotta be on the ground there .

Now, as it happens , Dato is Chairman of a small penny ( literally ) stock on the ASX called  Enova Mining Limited , which has been  engaged in the exploration of rare earth elements for 4-5 years but going nowhere.

Dato has been involved in mining ventures in Australia and successfully so .
He knows the region very well.

Enova needs a real project, one that is very advanced needing only attached management and a ASX listing.

He holds 55 m shares, so a spin out, with the parent company retaining 20% makes him and all shareholders a double winner.

 

And a JV with the brilliant management of ODY well on its way to resuming  production using the Burnakura mill..

Id say, a triple winner.
N'est pas ?



 

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