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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

Post by nozzpackon Feb 27, 2024 10:39am
106 Views
Post# 35901299

Q2 ..What can we expect ?

Q2 ..What can we expect ?As of mid January 2024, we had produced 16,000 ounces and sold 4600 of those ounces in Q1.

Essentially, we had about 11500 ounces of Q2 ounces ( ending Dec 31 /23 ) avaikable to be sold in Q2.

I doubt that such was the case but doubling Q1 sales of 4600 ounces to about 9000 ounces sold in Q2 seems quite reasonable .

Plus we have over $2.5 m US  in Receivables from gold sold in Q1 but the funds delivered in Q2.

Lets say 10,000 equivalent ounces of revenues in Q2 including the $2.5 m US in Receivables from Q1

Thats about $25 million CAD in Q2 revenues within a lower range of $20 million or more CAD.

If so, we are going to see a big pop in our share price this Friday when Q2 reports .

Those 14,5 cent incentive options awarded a few weeks ago may not have been picked out of mid air..

Just sayin..




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