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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 greyowlon Dec 09, 2024 9:39pm
78 Views
Post# 36353934

"Increased Payables" mentioned in today's press release ...

"Increased Payables" mentioned in today's press release ...Sounds like the antimony credits in their gold concentrate product they are selling
is becoming quite sizeable.

Been reading a bit about thier antimony grades and processing capabilities.

Best I can figure is that they have the capability to produce between 1,000 to 2,000
tonnes of antimony within thier concentrate per year. If anyone has better numbers
by all means let me know.

Antimony is a very hot commodity right now - runs about $35,000 US per tonne.

1,000 tonnes of antimony is now worth $35MUS or $50MCDN - about triple from last year.

They may not have gotten that much of a credit last fiscal becuase of the transitiong
of ore source and the new processes being used - again feel confirm/correct me on this.




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