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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 May 01, 2023 5:52am
169 Views
Post# 35422255

RE:New ALL IN Cost Monument Mining

RE:New ALL IN Cost Monument Mining There is only one real and accurate Breakeven cash cost for gold producers. That is the Total Production Cost.(TPC )  Neither Cash  Cost  nor AISC.....despite its name...fully describe All In.

This is the real All In .
Cash flows in excess of Breakeven = TPC go straight to the cash position as free cash flows.
The 2019 report estimated TPC at $1100.

The FR report estimated TPC at $1300 so your numbers are very close to those two numbers.

Inflation is modest in Malaysia and Cathy / mining crew have increased operating efficiencies quite a bit since 2019 .

So we are in good shape and have millions of tax loss pools to offset taxes and a wad of deferred tax assets that can be cashed in if profitability is expected from the FP plant which seems almost certain .

All of that cash offers opportunity to expand ore capacity above 1 million TPA to 1.5 TPA which enables the oxide mill to re open for Peranghi ore plus new oxides being discovered as part of  sukphide mining drilling .

We are on the cusp of lots of exciting developments over the next year which will greatly reward our patience and our wallets .



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