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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 31, 2024 6:37am
84 Views
Post# 36290123

RE:RE:RE:RE:Gold at $2793

RE:RE:RE:RE:Gold at $2793No.
This was 5-6 years ago when WestGold came looking and its share price was much lower

The POG was very much lower..sub $1800..

But Cathy wanted a streaming deal as well which killed the deal.

A lot has happened since then which has advanced the Murchison assets let alone a record POG

So, we have a very valuable asset which contributes nothing to our market cap.

Dato knows the operators in Western Australia from his Copper mine days ,..which he sold.

If I recall correctly, he has an empty equity listed shell in Australia in case a spin out is part of the deal

Its my opinion knowing how WestGold works, that they will buy the 80% of Tuckanara owned by ODY and use that as leverage to arrive at a JV with Monument for the total package.

Dato is now in charge .

He likes very much to monetize assets,,




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