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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...
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.
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TSXV:MMY - Post Discussion
Monument Mining Ltd
> Unlocking Value..Mawson IPO Spin out of Australian asset
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•••
nozzpack
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Post by
nozzpack
on Jun 01, 2022 7:02am
Unlocking Value..Mawson IPO Spin out of Australian asset
It recently spun out its Australian assets as Southern Cross Gold...SSX on ASX..via IPO..Prorata to its shareholders.
SDX now has a market cap of $36 million ...bigger than all of MMY market cap
SDX then launched a large focussed drilling program which has been very successful, elevating its market cap by a factor of 3.
This is what we should be doing with our Mur hison assets which are invisible in our current market cap
and whose good drill resukts do not impact our volume or market cap...
https://www.bloomberg.com/press-releases/2021-11-23/mawson-plans-to-ipo-a-new-asx-gold-focused-company-southern-cross-gold
(69)
•••
SilverNS
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Comment by
SilverNS
on Jun 01, 2022 10:42am
This would be fully accepted by most shareholders
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