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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 greyowlon Nov 29, 2024 6:46pm
83 Views
Post# 36338477

RE:RE:RE:RE:Profitable, Substantial Net Cash, Trading at 60% Book

RE:RE:RE:RE:Profitable, Substantial Net Cash, Trading at 60% BookSort of exepcted it also.

The stock price doubled over the course of 3 months or so which is pretty 
shocking given how many shares traded below 20 cents over the years. 

Like to think if gold hits  hits 3K sometime few months people will hold onto thier
shares and we should move to forty to sixty cents per share which is long term
resitance.

Don't know much about the complexity of thier operations but it sounds like should
be able to do 10K oz of gold per quarter. They are among the few miners out 
there that can do it for cash costs below $1,000US. Thats a huge cash margin and 
they do have 44MUS in Canadian Tax Pools to help in a windfall situtaion.

10 percent of the shares will are dedicated to managment/employees in the 
form od Restrited Share Units (and options) which will be expensed as they
vest or exercised?

Something to think about when we make it to $1 per share heaven someday which
I thinks is possible if the gold price stays high ans may be soon than most think
if the gold continues huger (with all other things in this world being roughly the same).

At a buck a share expect managment ans staff to have about a $25M CDN payday to look 
forward too amongst themselve (which is pretty fair when they do to get us to $1 share.)

All companies have these perks - you can read up on how they are accounted for here.

https://www.proformative.com/questions/accounting-for-restricted-stock-units/
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