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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 Freddy1989Germaon Jul 24, 2023 6:58pm
70 Views
Post# 35555049

RE:RE:RE:2019 Feasability Study ..All In Costs $863 Per ounce

RE:RE:RE:2019 Feasability Study ..All In Costs $863 Per ounce
So, our Breakeven point is really $863 USD as estimated in the 2019 Feasability study and should be below $1100 usd per ounce and could be below $1000. To be conservative, I will use $1100 USD

Hello nozzpack

The question is how do you want to finance these 53 million for the BIOX plant?

Not that the 350 million shares suddenly become 700 million.

I mean wouldn't it make more sense for Murchsion to finance the 15 million and then have a production of say 24,000 to 50,000 ounces on Murchsion.

And with the cash flow from Murchsion and Selinsing together to fund BIOX that would not be dilutive for the investors?

Monument Mining has no other way to get the 53 million for the BIOX plant unless they do another "pre-sale" of ounces.
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