Monument Mining Ltd V.MMY

Can Murchison development/ drilling news add $0.15

[nozzpack]

That would be adding $50 million or so to the market cap.

I chose that level of market cap gain, as it equals ODY market cap.

Most certainly , Burnakura and Gabanintha along with a mining camp, mill and 5 times more ounces in its gold resources can match and exceed Turnakura and Stawell of ODY.

Once drilling gets going, almost certainly Murchison will add more than $50 m to our market cap.

As of right now, we know that high grade gold lodes exist under almost all of the 20 or so mined pits at Murchison.
Confirming grade and extending depth of these lodes by new drilling in 2021 offers high probability of affirmative results.

Then there are those high grade new shallow oxides discovered outside the Lewis and Reward pits along with 3 BIF hosted folds predicted to exist below the Alliance pits.

Amongst all of that there is what already appears to be identified by deep drilling  to-date,  a major underground lode discovery at NOA 7/8 that is broadly open at strike and at depth.

Put it all together and with decent promotion, we should easily catch and exceed ODYs performance.

[SilverNS]

Hey Nozz Are we not waiting on some drill results right now?

[nozzpack]

Yes, 2000 m of drilling beneath the starter pit at Peranghi was not completed in Q2....Approx 600 m only was drilled. The remainder were slated to be completed in early Q3...this quarter. In addition, we have a massive array of drilling data for Peranghi accumulated over the past 4-5 years. I know that they have an internal estimate but do not know if it is sufficient for at least and Inferred

[SilverNS]

There is no way that this should be trading at .125 - we have over 45m in cash and no debt.