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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 nozzpackon Oct 30, 2024 5:17pm
99 Views
Post# 36289540

RE:RE:Gold at $2793

RE:RE:Gold at $2793You forget that to start Murchison will require more definition drilling of the planned open pit mine.

The milling plant has not operating  for over a decade and will require significant upgrades before even commissioning.

Further, Dato is now running the show.

And, WestGold will start by acquiring not our Murchison but Tuckanara via ODY which owns 80 %.

Remember that MMY must pay 20% of the costs of a FS and all the way to production from Tuckanarra.

So it will be quite a bit of leverage that WestGold will have over MMY.

We we're offered 39 m WestGold shares before .

Who would say no..
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