Monument Mining Ltd V.MMY

Q1 Just released

[nozzpack]

Very quickly.

Cash at $16.1 million very close to where I thought it would be.

Working capital at $25 million US which is again consistent with expectations.
Once again only 450 ounces of gold was sold from production 1900 ounces, much like Q4/22.

These unsold ounces are now showing up in our inventories of finished gold products, at cost, which has boosted our inventories to about $19 million cad.

Surprisingly The production of flotation concentrate is expected to commence after completion of commissioning, anticipated in early December 2022.

So, commissioning will soon get underway with production beginning in late January.

Its a good report at a time when we are scrounging the last ounce of gold from open pit resources  at Selinsing .
Why Peranghi has not being mined other than surface over burden halo material continues to surprise me..

[Wayned52]

I am very impressed with this report . It has to be looked at in the situation we are in .  The figures we see at this point don`t really mean anything . The AISC is very high but meaningless . They are running old tailings and transition material to keep the plant running and to start up the new plant .Transition ore tests are at 90% recovery. That`s amazing . They haven`t even tuned the big

[nozzpack]

Wayne, that is an outstanding summary of Q1 , the best that I have seen on this Board for any quarter during my three year investment here. It covers every salient and buried information bullet  that could be extracted. In addition, our balance sheet, with the FP 95% complete, will still be pristine, debt free and plenty of working capital to address other assets once commissioning is

[Wayned52]

Well thank you nozz . If you could see me I`m blushing .   The $ jump in gold this week is the biggest I`ve seen in decades . Pray that it`s a new floor . All our stars are falling into place . We have waited a long time and I think we have rounded a corner . We all deserve a reward for sticking it out .     I have tried to explain before that if we run dirt or high grade

[yureja85]

This post has been removed in accordance with Community Policy