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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 Feb 03, 2023 8:54am
202 Views
Post# 35264361

RE:RE:Balance Sheet Forecast at exit Q2/23

RE:RE:Balance Sheet Forecast at exit Q2/23I understand your commentary.
But, with a decade long declining production to just scraping the bottom of the oxide barrel, Monument from a fundamental perspective , had little to promote in order to attract investors .

That has now changed.
Over the next year, our production profile is going to be transformed into one in which we will have rapidly growing production, robust free cash flows plus our Murchison asset base growing each month as ODY continues its affirmative drilling program towards resumption of Production of which we will have at least a 20% WI and which will accelerate resumption of mining at Burnie, which already have sufficient delineated economic ore to batch mix with Turnakura ore.

Most people don't realize that fact.

Combined, and taking advantage of WestGold excess milling capacity , perhaps 30,000 -40,000 ounces or so could be accommodated including our own mill, by combined Turnakura and Burnie mining operations .

Of course, we may not get that far..for reasons already stated.

Dato is well into his senior years. He will want his investment brought to fair value sooner than most think.

So, I will keep nipping away..

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