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Bullboard - Stock Discussion Forum Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

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

TSXV:MMY - Post Discussion

Monument Mining Ltd > Very Good News..WestGold listed on TSX Senior
View:
Post by nozzpack on Nov 06, 2024 5:48am

Very Good News..WestGold listed on TSX Senior

It's all falling into place.

Westies TSX is why we are/ will see incresssed Australian volume , esp ODY shareholders who see MMY as grossly undervalued as we do.


An equity based deal with WestGold becomes very palatable to MMY  shareholders .

ODY first for leverage to pry a deal out of MMY..,..

Every $35 million gain from our inert Murchison assets means $0.10 gain in our market cap.

Very good news,,

Comment by nozzpack on Nov 06, 2024 8:04am
WestGold is desperately in need of low cost open pit mines for the reason stated below.. The expanded business delivered a record 77,369 ounces (~90koz normalised for a full quarter of Southern Goldfields production) at an AISC of $2,422/oz, generating $29M in net mine cashflow.   That's about +$ 1750 US per Ounce because it is largely an underground producer ...more