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Thank you C for those Sb content statistics . The average is 0.11 % .
240,000 tons are milled each quarter which converts to 265 metrics tons of Sb per quarter. Current Sb price is $35,000 US per metric ton which converts to about $9.3 million US = $12.5 million CAD in Sb by product per quarter . So, on an annual basis at current Sb Prices, Monument will generate about $50 million CAD in additional revenue. As there is no significant mining or processing costs of contained by product , this is virtually all free cash flows to the balance sheet . Very few Junior gold producers are capable of generating signifucant free cash flows which is why the multiple is above 10 times . Lets just say just 5 times for MMY ......$250 million in additional market cap value which adds about $0.65/share . This is quite remarkable . Assumptions 1...Sb content is sustained Probably true as the higher grade BR fresh ore which contains highest Sb is just now entering mine Productiion 2....Sb Prices remain high .....??
3..Monument uses its Tax loss pools to offset income taxes Regardkess, we are going to do extremely well this quarter ( Q2 ending exit Dec ) as Sb prices have been very high , mining has returned to normal and recoveries are much higher , all of which along with Sb contribution point towards a blow out quarter , with a substantial addition to our cash reserves . This is a truly bipolar stock. From gloom and doom 2 years ago to such bright skies that sunglasses are going to be needed. My sincere apologies, Cathy..
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