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 > Worth $0.11 per share in cash and finished Gold

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Post by nozzpack on Oct 01, 2024 6:24pm

Worth $0.11 per share in cash and finished Gold

The current inventory includes supplies for production, stockpiled ore at the Run-of-Mine pad, work in progress such as concentrate in circuits and finished goods.

Finished goods include 0.251 ounces of gold bullion held in the metal accounts (June 30, 2023: 0.251 ounces) and 6,531 ounces of gold concentrate held at Selinsing warehouse (June 30, 2023: 5,701 ounces).

So that's 6.8 million ounces of gold concentrate ready to sell in their inventory ...cash equivalent.

That's Over $20 million CAD in convertible cash upon being sold plus $14 million CAD in cash for a total of cash and cash equivalent of about $35 millin CAD worth about $0.11 cad per share

So right now at $0.22 per share, you are getting 50,000 ounces for just $0.11 per share and no debt.

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