Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by nozzpackon Aug 04, 2023 6:14am
177 Views
Post# 35572650

At Some Point…..

At Some Point…..It's simply not efficient or rarely done to have a project with obvious geographical extensions run by two companies .

We have Stakewell on one side and Burnakura and Gabanintha on the other side.
In between , we have Turnakura split between ODY and MMY.

Its quite obvious that these contiguous gold and highly complementary projects will have to be unified not only for development purposes but in the interests of administrative efficiency.

Soon perhaps , we shall see the ODY/MMY  SPV ( Special Purpose Vehicle ) being activated .

This SPV will unify the development of Turnakura including  rights of first refusal to the Burnakura mill.

I don't know the details of this SPV but imo it's the initial step in unifying these four concessions under a single Murchison banner.

Therein lies a great opportunity for Dato 's operational return to Australia

Have a great weekend


<< Previous
Bullboard Posts
Next >>