Monument Mining Ltd V.MMY

Compare Musgave Minerals With Murchison

[nozzpack]

Musgave has a market cap of $205 million with 5 properties in the Murchison Region of Australia ...

https://www.juniorminingnetwork.com/market-data/stock-quote/musgrave-minerals.html

It has had some very nice intersections at one of its properties lately which has boosted its market cap.
It has approximately 950,000 ounces in the indicated and Inferred Categories and is not close to production decision.
So, it is being valued at about $210 per ounce of 43-101 gold in the ground.

Monument has about 650,000 ounces in all categories in its Murchison properties with substantial greenfield exploration in its  extensive properties along with highly probable brownfield beneath almost all of its dozen or so pits along with a fully equipped mil and most of the equipment for heap leaching.
I see no reason why our Murchison assets could not approach  the valuation of Musgrave, once it has fully resumed production ........especially if exploration results in new discoveries along the way

[nozzpack]

The reason I research such comparative proxy valuations is to arrive at a fair value for our Murchison assets, as they now exist. Musgrave have some two  high grade deposits and good intercepts below 100 m. It is more advanced in its exploration program than Monument, so we would not be accorded the $200 per ounce of gold in the ground which Musgave is being given. So, I use 50% of

[sinusoid]

One further factor worth considering when evaluating our Australian assets is the extremely low incidence of CV19 in Australia, with essential no CV19 in the wild at all in WA. Admitedly, Australia is taking a heavy handed approach to managing contagion, but at least under current conditions, work can progress without the hindrance of lockdowns and restrictions. If these conditions prevail, then