Bullboard - Stock Discussion Forum Monument Mining Ltd V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

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... see more

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TSXV:MMY - Post Discussion

Monument Mining Ltd > look at the cash position of Monument Market cap 0,19 CAD ca

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Post by Freddy1989Germa on Feb 22, 2021 12:03pm

look at the cash position of Monument Market cap 0,19 CAD ca

Hello

So Monument Mining will receive a lot of cash after the sale of Mengapur with a lot of cash do you expect? and what price do you think is justified?

I think 0.20 CAD should be the minimum price in it....

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Comment by nozzpack on Feb 22, 2021 12:30pm

Freddy I don't fully understand your question, but assume that you refer to an equity raise to fund the Floatation Plant ? The plant is estimated to cost $20 million US and $10 million cad for Murchison drilling. We get $30 million US for the sale of Murchison. That money should cover those two additional projects with a few million cad left over for contingency. We have nearly $30 ...more

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Monument Mining Ltd