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

Add To Watchlist

TSXV:MMY - Post Discussion

Monument Mining Ltd > Risk Averse Approach on How to become Wealthy Very Quickly

View:

Post by nozzpack on Feb 12, 2023 7:47am

Risk Averse Approach on How to become Wealthy Very Quickly

Very simply, buy MMY below 10 cents.

Risk averse because...
1.....currently trading below cash and liquid investments

2...owns highly valued strategically located Australian Gold deposits proxy valued on its 20% ownership of ODY ( Odyssey Gold in ASX ...market cap $29 m ) at over $60 million

3....strong growth profile from resumption of gold production of 35000+ ounces from its Selinsing new Floatation plant......( Fair value estimated at $0.43 per share by recent analyst report ( https://mcusercontent.com/016f8ca9d605c08aebe85bf54/files/aeae0c99-98cf-64cc-9034-2e29a3bb6ad1/Monument_Mining_June_2022_Initiating.pdf )

4...Recurring revenue from 1.25% Royalty from Mengapher poly metallic mines

5...Substantial position has been accumulating in the open market since 2019

6.Insider ownership in excess of 30% so management fully aligned with ordinary shareholders

7..Hard book value of $0.48 per share

8...Very low cash costs due to location and very low G&A operating costs

9...Substantial exploration upside already tangibly demonstrated from its exploration tenements surrounding its Selinsing mine

10...Showing all signs that it will be taken private soon , with fair value multiples of current share price.

$20,000 invested now by buying over 200,000 shares below $0.10 should get you at least $50,000 by exit 2023 on either its growing low cost gold production fundamentals and/or it being taken private at $0.25 or above.

817