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Happy New Year to all. I hope that soon we shall receive a number of positive news releases concerning Monument.
Nice moves this morning in the price of gold and the stock price.
NYBob do you think that we will have really good news by Christmas?
I was just trying to find this on our cable system. Thank yo.
bigone Thanks; https://www.rsbnetwork.com/video/watch-live-president-donald-j-trump-holds-save-america-rally-in-vandalia-oh-11-7-22/
Some new pictures, so pieces from china arrived i think
https://monumentmining.com/news-media/photo-gallery/
GoldSeek Radio Nugget
GoldSeek Radio Nugget -- Peter Schiff: Gold is going to take-off and mining stocks
will go ballistic
November 06, 2022
Profile picture for user Chris Waltzek
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Chris Waltzek
GoldSeek Radio
154 Shares
https://sp.rmbl.ws/s8/2/A/2/d/y/A2dyg.caa.mp4?u=4&b=0
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GoldSeek Radio Nugget -- Peter Schiff: Gold is going to take-off and mining stocks will go ballistic
Head of SchiffGold.com
Peter Schiff...
00:25 - Gold +$50 today...
03:40 - Specific Gold and Silver stocks.
06:23 - Gold is going to take-off and mining stocks will go ballistic.
........ Richard (sth)
https://stockhouse.com/companies/bullboard/v.mmy/monument-mining-ltd?postid=35080317
Thanks for sharing the picture and your sharing of knowledge.
Some new pictures, so pieces from china arrived i think
https://monumentmining.com/news-media/photo-gallery/
GoldSeek Radio Nugget
GoldSeek Radio Nugget -- Peter Schiff: Gold is going to take-off and mining stocks
will go ballistic
November 06, 2022
Profile picture for user Chris Waltzek
https://goldseek.com/sites/default/files/styles/thumbnail/public/pictures/2020-08/WALTZEK_1.jpg?itok=pEXxIBSP
Chris Waltzek
GoldSeek Radio
154 Shares
https://sp.rmbl.ws/s8/2/A/2/d/y/A2dyg.caa.mp4?u=4&b=0
facebook-white sharing button twitter-white sharing button linkedin-white sharing button telegram-white sharing button email-white sharing button print-white sharing button
GoldSeek Radio Nugget -- Peter Schiff: Gold is going to take-off and mining stocks will go ballistic
Head of SchiffGold.com
Peter Schiff...
00:25 - Gold +$50 today...
03:40 - Specific Gold and Silver stocks.
06:23 - Gold is going to take-off and mining stocks will go ballistic.
........ Richard (sth)
https://stockhouse.com/companies/bullboard/v.mmy/monument-mining-ltd?postid=35080317
NYBob, Since we are getting so close to increasing production, one would think that the share price and volume would be increasing in both Canada and the US. Is there something holding back the real progress at the mining area, or involved with the shares traction wise?
I was hoping that from December onward would be great happenings for Monument and its shares.
News Release Monument Progresses Flotation Construction at Selinsing
October 12, 2022
https://monumentmining.com/news-media/news/2022/monument-progresses-flotation-construction-at-selinsing/
Vancouver, B.C., October 12, 2022,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to report that flotation construction work progress at the Selinsing Gold Mine in Malaysia has reached 85% completion in line with the budget. The commissioning targets to complete in November 2022, thereafter three months ramp up period for commercial production in January 2023.
President and CEO Cathy Zhai commented, “We are pleased to see the team has overcome the difficult period with the Shanghai COVID-19 pandemic lockdown and the global logistics blockage. The installation is progressing rapidly with close monitoring. In the meantime, we have been in communications with potential buyers to review major terms and continue to optimize saleable gold concentrates for a better economic outcome.”
Construction Highlights
Overall project is 85% complete to date in line with the budget
Equipment continues to arrive at the Selinsing site; the concentrate filter press departed port on September 24, later than expected, and plans to arrive in early November 2022
Pre-commissioning (dry & wet) will commence in October; full commissioning targets late November/or early December 2022.
First concentrate production planned to commence late November 2022, ramping up to full production anticipated in January 2023.
Flotation Design & Engineering
To date all work related to flotation detail design and engineering have been completed, pending the submission of application for TNB power supply upgrade from 3.8 MW to 4.0 MW.
Procurement
Overall procurement is 89% completed, pending primarily the delivery of the filter press to the site in November 2022.
Most equipment has been delivered to the Selinsing site, including but not limited to the flotation cells from Beijing assembled and delivered by BGRIMM Machinery and Technology Co Ltd (Figure 1); the concentrate and the water recovery thickeners supplied by Metso Outotec; flotation blowers, compressor and compressed air dryer delivered by Atlas Copco.
First-fill flotation reagent have been purchased awaiting delivery. Transportation costs have increased due to COVID-19 pandemic related global supply chain issues, to be offset by mine development costs. Partial reagent consumables have been delivered and are stored inside the reagent warehouse building.
Figure 1: View of Flotation Plant Circuit Construction
Construction
Construction work consists of foundation and civil work, steel structure work, plant equipment fabrication and installation work, piping work, electrical cabling work, installation of plant automation system, installation of electrical system and plant infrastructure including reagent warehouse, concentrate store yard and drainage system at the plant area.
Flotation plant construction has achieved 85% completion to date. Earthworks, foundations, piping works connecting reagent tanks and air supply system to flotation cells circuit have been completed. Civil works and structural work installation are 100% completed. Mechanical installation is 96% complete with all reagent tanks, flotation cells and thickeners installed. Pipe racks have been erected from the reagent building to the flotation circuit, from the concentrate thickener to concentrate filter building and from the flotation circuit to the water recovery thickener. Electrical installation is 81% complete, and the control room is 100% complete. Pipelines have been laid and connected to pumps. Electrical installation work of cable trays and cable pulling is now 60% completed.
The flotation plant is equipped with a plant automation system, which consists of SCADA system and process instrumentation monitoring devices. All the pumps, flotation cell circuit, concentrate filter, concentrate thickeners, blowers and air compressor are controlled using a program logic control system (PLC Siemens & Allen Bradley). A provision backup generator of 750kVA as an emergency power supply in case of any power failures will keep essential services running. Enertech Sdn Bhd (Siemens distributor in Malaysia) supplied the hardware and software for the control system. The hardware for the control system panel (PLC) was delivered to site and installed in the prefabricated power substation (E-House), together with the motor control centre panel (MCC).
Other infrastructure includes: the reagent warehouse, the air services building, the concentrate filter building, and other facilities. The reagent storage warehouse and the air service building are constructed. Dosing pump has been installed inside the reagent building with foundation and steel structure work completed. Plate work of bag breakers, reagent mixing tanks with agitator equipment are installed. The compressor and the flotation blowers have been installed in the air service building. Foundation and structure work for the concentrate filter building (Figure 2) is completed, and most of the roof and cladding have been done, awaiting installation of the filter press.
Figure 2: Concentrate Filter Building
Mine Development
Pre-stripping and sulphide ore stockpile mining were started at Buffalo Reef in July 2022 in preparation for: the completion of the flotation plant, the start of commissioning and the ramp up of production. The tailings storage facility (“TSF”) construction has been completed for current year tailing storage requirements. The river diversion at Buffalo Reef has been completed.
Commissioning
Commissioning work is expected to start in October and completed in November 2022. Commissioning scope of work will be divided into dry, wet and ore commissioning. Upon completion of the commissioning work production will be ramped up.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Forward-Looking Statement
$Analyst Price Target on MMY
C$0.43
(437.50% Upside)
Based on 1 Wall Street analysts offering 12 month price targets for Monument Mining
in the last 3 months. The average price target is C$0.43 with a high forecast of
C$0.43 and a low forecast of C$0.43. The average price target represents a
437.50% change from the last price of C$0.08.
https://money.tmx.com/en/quote/MMY/analysts
https://www.tipranks.com/stocks/tse:mmy/forecast
....... Richard
It would be great if this news was more widely circulated so that the share price can start to move considerably higher soon.
News Release Monument Progresses Flotation Construction at Selinsing
October 12, 2022
https://monumentmining.com/news-media/news/2022/monument-progresses-flotation-construction-at-selinsing/
Vancouver, B.C., October 12, 2022,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to report that flotation construction work progress at the Selinsing Gold Mine in Malaysia has reached 85% completion in line with the budget. The commissioning targets to complete in November 2022, thereafter three months ramp up period for commercial production in January 2023.
President and CEO Cathy Zhai commented, “We are pleased to see the team has overcome the difficult period with the Shanghai COVID-19 pandemic lockdown and the global logistics blockage. The installation is progressing rapidly with close monitoring. In the meantime, we have been in communications with potential buyers to review major terms and continue to optimize saleable gold concentrates for a better economic outcome.”
Construction Highlights
Overall project is 85% complete to date in line with the budget
Equipment continues to arrive at the Selinsing site; the concentrate filter press departed port on September 24, later than expected, and plans to arrive in early November 2022
Pre-commissioning (dry & wet) will commence in October; full commissioning targets late November/or early December 2022.
First concentrate production planned to commence late November 2022, ramping up to full production anticipated in January 2023.
Flotation Design & Engineering
To date all work related to flotation detail design and engineering have been completed, pending the submission of application for TNB power supply upgrade from 3.8 MW to 4.0 MW.
Procurement
Overall procurement is 89% completed, pending primarily the delivery of the filter press to the site in November 2022.
Most equipment has been delivered to the Selinsing site, including but not limited to the flotation cells from Beijing assembled and delivered by BGRIMM Machinery and Technology Co Ltd (Figure 1); the concentrate and the water recovery thickeners supplied by Metso Outotec; flotation blowers, compressor and compressed air dryer delivered by Atlas Copco.
First-fill flotation reagent have been purchased awaiting delivery. Transportation costs have increased due to COVID-19 pandemic related global supply chain issues, to be offset by mine development costs. Partial reagent consumables have been delivered and are stored inside the reagent warehouse building.
Figure 1: View of Flotation Plant Circuit Construction
Construction
Construction work consists of foundation and civil work, steel structure work, plant equipment fabrication and installation work, piping work, electrical cabling work, installation of plant automation system, installation of electrical system and plant infrastructure including reagent warehouse, concentrate store yard and drainage system at the plant area.
Flotation plant construction has achieved 85% completion to date. Earthworks, foundations, piping works connecting reagent tanks and air supply system to flotation cells circuit have been completed. Civil works and structural work installation are 100% completed. Mechanical installation is 96% complete with all reagent tanks, flotation cells and thickeners installed. Pipe racks have been erected from the reagent building to the flotation circuit, from the concentrate thickener to concentrate filter building and from the flotation circuit to the water recovery thickener. Electrical installation is 81% complete, and the control room is 100% complete. Pipelines have been laid and connected to pumps. Electrical installation work of cable trays and cable pulling is now 60% completed.
The flotation plant is equipped with a plant automation system, which consists of SCADA system and process instrumentation monitoring devices. All the pumps, flotation cell circuit, concentrate filter, concentrate thickeners, blowers and air compressor are controlled using a program logic control system (PLC Siemens & Allen Bradley). A provision backup generator of 750kVA as an emergency power supply in case of any power failures will keep essential services running. Enertech Sdn Bhd (Siemens distributor in Malaysia) supplied the hardware and software for the control system. The hardware for the control system panel (PLC) was delivered to site and installed in the prefabricated power substation (E-House), together with the motor control centre panel (MCC).
Other infrastructure includes: the reagent warehouse, the air services building, the concentrate filter building, and other facilities. The reagent storage warehouse and the air service building are constructed. Dosing pump has been installed inside the reagent building with foundation and steel structure work completed. Plate work of bag breakers, reagent mixing tanks with agitator equipment are installed. The compressor and the flotation blowers have been installed in the air service building. Foundation and structure work for the concentrate filter building (Figure 2) is completed, and most of the roof and cladding have been done, awaiting installation of the filter press.
Figure 2: Concentrate Filter Building
Mine Development
Pre-stripping and sulphide ore stockpile mining were started at Buffalo Reef in July 2022 in preparation for: the completion of the flotation plant, the start of commissioning and the ramp up of production. The tailings storage facility (“TSF”) construction has been completed for current year tailing storage requirements. The river diversion at Buffalo Reef has been completed.
Commissioning
Commissioning work is expected to start in October and completed in November 2022. Commissioning scope of work will be divided into dry, wet and ore commissioning. Upon completion of the commissioning work production will be ramped up.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Forward-Looking Statement
This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company’s plans with respect to its mineral projects and the timing and results of proposed programs and events referred to in this news release. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Material factors and assumptions used to develop forward-looking statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company’s projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; the expected timing and results of development and exploration activities; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Up To $600 Trillion May Vanish In The Great Unwind
October 13, 2022
https://kingworldnews.com/up-to-600-trillion-may-vanish-in-the-great-unwind/
Healthy People DROPPING DEAD From Vaxx: “Died Suddenly” Facebook Page BANNED For Truth-Telling
High Hopes
https://www.brighteon.com/758cc44a-cd66-4f7c-9ec7-cd51e6424fb0
Tulsi Gabbard speaks out after leaving 'woke' Democratic Party: My 'loyalty' is to the country, not the caucus
Tulsi Gabbard told Tucker Carlson she couldn't be a member of a party that's against freedom
By Charles Creitz | Fox News
https://www.foxnews.com/media/tulsi-gabbard-speaks-out-leaving-woke-democratic-party-loyalty-country-not-caucus
GOLD SPROTT: Jesse Livermore, “Be Right And Sit Tight.” Gold May Begin To Anticipate A Fed Pivot
October 10, 2022
https://kingworldnews.com/sprott-jesse-livermore-be-right-and-sit-tight-gold-may-begin-to-anticipate-a-fed-pivot/
Great Trump Emerges Victorious in Vicious Lawsuit, Wins in Federal Court
1,134,861 views Premiered Oct 10, 2022
Any new update as to progress and time line NYBob?
Great article NYBob. Thanks for sharing.
I don't know about what is going on with politics.
That would be excellent. Have a very Happy Labor Day.
$Analyst Price Target on MMY
C$0.43
(437.50% Upside)
Based on 1 Wall Street analysts offering 12 month price targets for Monument Mining
in the last 3 months. The average price target is C$0.43 with a high forecast of
C$0.43 and a low forecast of C$0.43. The average price target represents a
437.50% change from the last price of C$0.08.
https://money.tmx.com/en/quote/MMY/analysts
https://www.tipranks.com/stocks/tse:mmy/forecast
....... Richard
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
It appears to be soon. Thanks for sharing NYBob, GCM looks interesting.
New Pics of F Plant..looks almost ready to go
by nozzpack.
https://monumentmining.com/news-media/photo-gallery/
NYBob, thanks for all of the info. We are doing fine, thank you. I am not a level two, so I can't privately reply.
Good report on Selinsing mine -
https://miningdataonline.com/property/1004/Selinsing-Mine.aspx
A nice compact summary of the operational parameters of the Selinsing extended mine including BR.
Note that the entire oxide operation including the oxide plant will shut down as soon as commissioning of the FP begins, now scheduled for October.
Note also that there are 2.3 million tons of low grade oxides in the 2P reserves and 3.4 million tons of Sulphides.
These 2P sulphides form the current mining feed for the FP....about 3.5 years @950,000 tons per year.
There are more than that in the M &I categories but these are not yet considered of sufficient sampling density to convert to Mineable..ie 2P.
by nozzpack
NYBob has there been something significant that has happened to MMTMF since you last gave an estimate as to the value of the company in May? Today's close on very small volume gave a market cap value of only about $6.8 million US. The company recently was stating how they were advancing the expansion over the coming months. It sounded like a very good growth story at what seemed to be a very under valued share price.
What am I missing here? Is the stock even a much better value now than just a few months ago?
Thank you for your thoughts.
Lots of strange stuff going on out there. Hope that our MMTMF progresses nicely into the fall.
We will hold on for a few more months , and hope for better times.
Monument Mining Analyst Coverage
https://www.researchfrc.com/company/monument-mining-ltd/
RE:Analyst Coverage
https://www.researchfrc.com/monument-mining-limited-tsxv-mmy-fse-d7q1-gold-producer-trading-below-cash-initiating-coverage/
Working capital of US$33M, with no debt. MCAP of US$25M implies that the market is assigning zero value to its assets.
nozzpack (1869)
User Actions
July 15, 2022 - 09:22 PM
39 Reads
Post# 34828499
RE:RE:RE:RE:Analyst Coverage
It is important to remember that, as a main asset, cash and cash equivalents can be and usually are, signifucantly discounted by the market.
Monument's production rate has been cratering for 7-8 years, with little or no effort made to explore/ develop new sources of oxides at Selinsing or develop Murchisin due to almost all of its working capital
having been wasted on Mengaoher.
The turnaround began in late 2020 through dissenting pressure when Dato came onboard at which time right siding began with the sale of Mengapher, enhanced exploration of Murchison, pit development at Peranghi and monetization of the sulphide resources via the Floatation Plant.
So, we are now a much different company which has passed its nadir but not yet benefiting from the fruit of our capital investment in the FP.
And, in the summer doldrums of PM pricing among other issues.
In short, going from little to report other than pit scraping for the few remaining ounces of oxides, to soon having a strong production profile while retaining a strong debt free balance sheet.
We are not there yet and Cathy et al will be given very little time to demonstrate that they have the chops to move us to fair value.
Insiders residing on the current BOD own nearly 90 million shares.
They are as equally piffed off as us.
Things will change over the next few months
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169177432
NYBob, thanks for the video. Have a very Happy Fourth!
Monument Mining rating -
https://www.stocktargetadvisor.com/stock/Canada/TSV/MMY
0,32 CAD
Sounds very interesting 0.32 CAD would already be a good step forward let's hope it
goes much higher towards 0.50 CAD
but nice that analysts look at our company and it must now step by step the news still
come behind.
Monument Mining (TSXV:MMY) to process sulphide ore as it seeks potential acquisition
Caroline Egan
https://themarketherald.ca/monument-mining-tsxvmmy-to-process-sulphide-ore-as-it-seeks-potential-acquisition-2022-06-14/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab
A processing plant is finalized and almost ready to capitalize on gold resources of
880,000 ounces and reserves of 267,000 ounces at 1.45 grams per tonne.
Drilling at its Murchison Gold Property in Australia is also underway exploring a
historical resource of 644,000 ounces and a recently reported resource of 293,000
ounces.
The company’s latest assay results from drilling include a substaintal grade of
32 grams of gold per tonne over 4.00 metres.
Monument’s main focus is to top up its gold inventory and production capabilities,
as well as evaluate potential acquisition opportunities to enhance shareholder
value. Zhai intends to identify potential targets while at PDAC for future due
diligence.
The company stated it already has interested buyers for its gold concentrate as it
prepares to ramp up production.
This is in line with Zhai’s strong short-term outlook for the price of gold, which she
sees potentially topping out around US$2,000 per ounce from current levels.
Latest News
Monument Receives Royal Visit to the Selinsing Gold Mine in Malaysia
GlobeNewswire June 3, 2022
from the Monument Mining presentation
murchinson , they found visible gold in deep, and Less than 5% of drilling deeper
than 100m
below photo shows
visible gold sighted in RC hole 12BNRC050 at 219m downhole at NOA 1
https://monumentmining.com/site/assets/files/4303/mmy_corporate_presentation-june_2022.pdf
New Report on Monument Mining
Just out .......
https://mcusercontent.com/016f8ca9d605c08aebe85bf54/files/aeae0c99-98cf-64cc-9034-2e29a3bb6ad1/Monument_Mining_June_2022_Initiating.pdf
https://monumentmining.com/investors/presentation/
https://monumentmining.com/
Very well done presentation. Thanks NYBob for sharing.
bigone, from the presentation
murchinson , they found visible gold in deep, and Less than 5% of drilling deeper
than 100m
below photo shows
visible gold sighted in RC hole 12BNRC050 at 219m downhole at NOA 1
https://monumentmining.com/site/assets/files/4303/mmy_corporate_presentation-june_2022.pdf
New Report on Monument Mining
Just out .......
https://mcusercontent.com/016f8ca9d605c08aebe85bf54/files/aeae0c99-98cf-64cc-9034-2e29a3bb6ad1/Monument_Mining_June_2022_Initiating.pdf
https://monumentmining.com/investors/presentation/
https://monumentmining.com/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
Monument Mining (TSXV:MMY) receives significant results from Murchison Gold
Project Mining
TSXV:MMY $37.54M
Azuka Onwuka
azuka.onwuka@themarketherald.ca
30 May 2022 16:30 (EDT)
https://themarketherald.ca/monument-receives-significant-rc-results-from-phase-2-drilling-programat-the-murchison-gold-project-2022-05-30/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab
Monument Reports Third Quarter Fiscal 2022 ("Q3 FY2022") Results
V.MMY | 2 hours ago
Gross Revenue of US$6.16 Million
and Cash Cost of US$1,835/Oz
VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its production and financial results for the third quarter of fiscal 2022 and the nine months ended March 31, 2022. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented: “In the third quarter our Murchison Gold Project delivered significant assay results from Phase II RC drilling, these results strengthen our resolve that the NOA structure is highly prospective with the potential to expand and upgrade the existing Mineral Resource, which remains open at depth.”
Cathy Zhai continued, “Q3 gold production was improved, and operations brought in more cash with a lean profit margin. It is expected that production continues to be volatile at the end of oxide life of mine. All in sustaining costs (“AISC”) are trending higher from cutbacks and pre-striping work to get access to residual ore to keep milling before completion of the flotation construction.
“We are focusing on putting the new life of mine into production to resume our revenue level. The Selinsing flotation plant construction reached a 49% completion by the end of Q3 with major progress on the earth works, foundations of reagent building and other flotation areas during the quarter. A delay however of delivery for several long lead items is anticipated primarily due to the Shanghai shut down. Some components are held up at the manufactory in that region and the Shanghai international port. Initial estimated delay may round up to three months”.
https://stockhouse.com/news/press-releases/2022/05/30/monument-reports-third-quarter-fiscal-2022-q3-fy2022-results
Greyerz – We Are Witnessing The Bursting Of A $3 Quadrillion Global Bubble
May 29, 2022
https://kingworldnews.com/greyerz-we-are-witnessing-the-bursting-of-a-3-quadrillion-global-bubble/
Monument Mining; Non Capital Forward Tax Loss Pools..Very Valuable Asset
At June 30, 2021, the Company has non-capital loss carryforwards for tax
purposes that are available to reduce future taxable income in Canada of
$44.11 million US ( $ 55 million in CAD ).
These tax loss pools are worth their weight in Gold, as they will protect future
taxable incomes from Sulphide production for many years.
That is, future cash flows will become free cash flows which will be reported as
unencumbered net income.
From a valuation perspective, these non capital forward tax loss pools in their
effect of substantially enhancing future net earnings, will not only increase the
absolute net earnings per peer valuation multiple but will also rapidly insulate and
de risk the balance sheet with robust incoming cash additions .
In short, the heavens are unfolding here with very profitable outcomes for
shareholders ..
by nozzpack
Is A Historic Bull Market In The Mining Shares About To Begin?
https://kingworldnews.com/is-a-historic-bull-market-in-the-mining-shares-about-to-begin/
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evaluation ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Nozzpack
Monument Mining VIDEOS
https://monumentmining.com/videos/
INVESTOR PRESENTATION
https://monumentmining.com/investors/presentation/
PHOTO GALLERY
https://monumentmining.com/news-media/photo-gallery/
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
https://www.youtube.com/watch?v=Es3xDW5NaUE
Monument Reports Third Quarter Fiscal 2022 ("Q3 FY2022") Results
V.MMY | 2 hours ago
Gross Revenue of US$6.16 Million
and Cash Cost of US$1,835/Oz
VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its production and financial results for the third quarter of fiscal 2022 and the nine months ended March 31, 2022. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented: “In the third quarter our Murchison Gold Project delivered significant assay results from Phase II RC drilling, these results strengthen our resolve that the NOA structure is highly prospective with the potential to expand and upgrade the existing Mineral Resource, which remains open at depth.”
Cathy Zhai continued, “Q3 gold production was improved, and operations brought in more cash with a lean profit margin. It is expected that production continues to be volatile at the end of oxide life of mine. All in sustaining costs (“AISC”) are trending higher from cutbacks and pre-striping work to get access to residual ore to keep milling before completion of the flotation construction.
“We are focusing on putting the new life of mine into production to resume our revenue level. The Selinsing flotation plant construction reached a 49% completion by the end of Q3 with major progress on the earth works, foundations of reagent building and other flotation areas during the quarter. A delay however of delivery for several long lead items is anticipated primarily due to the Shanghai shut down. Some components are held up at the manufactory in that region and the Shanghai international port. Initial estimated delay may round up to three months”.
https://stockhouse.com/news/press-releases/2022/05/30/monument-reports-third-quarter-fiscal-2022-q3-fy2022-results
Greyerz – We Are Witnessing The Bursting Of A $3 Quadrillion Global Bubble
May 29, 2022
https://kingworldnews.com/greyerz-we-are-witnessing-the-bursting-of-a-3-quadrillion-global-bubble/
Monument Mining; Non Capital Forward Tax Loss Pools..Very Valuable Asset
At June 30, 2021, the Company has non-capital loss carryforwards for tax
purposes that are available to reduce future taxable income in Canada of
$44.11 million US ( $ 55 million in CAD ).
These tax loss pools are worth their weight in Gold, as they will protect future
taxable incomes from Sulphide production for many years.
That is, future cash flows will become free cash flows which will be reported as
unencumbered net income.
From a valuation perspective, these non capital forward tax loss pools in their
effect of substantially enhancing future net earnings, will not only increase the
absolute net earnings per peer valuation multiple but will also rapidly insulate and
de risk the balance sheet with robust incoming cash additions .
In short, the heavens are unfolding here with very profitable outcomes for
shareholders ..
by nozzpack
Is A Historic Bull Market In The Mining Shares About To Begin?
https://kingworldnews.com/is-a-historic-bull-market-in-the-mining-shares-about-to-begin/
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evaluation ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Nozzpack
Monument Mining VIDEOS
https://monumentmining.com/videos/
INVESTOR PRESENTATION
https://monumentmining.com/investors/presentation/
PHOTO GALLERY
https://monumentmining.com/news-media/photo-gallery/
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
https://www.youtube.com/watch?v=Es3xDW5NaUE
bigone; Monument Mining; Non Capital Forward Tax Loss Pools..Very Valuable Asset
At June 30, 2021, the Company has non-capital loss carryforwards for tax
purposes that are available to reduce future taxable income in Canada of
$44.11 million US ( $ 55 million in CAD ).
These tax loss pools are worth their weight in Gold, as they will protect future
taxable incomes from Sulphide production for many years.
That is, future cash flows will become free cash flows which will be reported as
unencumbered net income.
From a valuation perspective, these non capital forward tax loss pools in their
effect of substantially enhancing future net earnings, will not only increase the
absolute net earnings per peer valuation multiple but will also rapidly insulate and
de risk the balance sheet with robust incoming cash additions .
In short, the heavens are unfolding here with very profitable outcomes for
shareholders ..
by nozzpack
Is A Historic Bull Market In The Mining Shares About To Begin?
https://kingworldnews.com/is-a-historic-bull-market-in-the-mining-shares-about-to-begin/
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evalustin ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Nozzpack
Monument Mining VIDEOS
https://monumentmining.com/videos/
INVESTOR PRESENTATION
https://monumentmining.com/investors/presentation/
PHOTO GALLERY
https://monumentmining.com/news-media/photo-gallery/
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
https://www.youtube.com/watch?v=Es3xDW5NaUE
Very impressive, indeed.
By nozzpack (1944) May 27, 2022 - 06:55 AM
RE:Dato Sia Hok Kiang owns 55 million shares
Dato remains active and currently is Chairman of an ASX listed company , knows
Western Australia and its mineral companies like the back of his hand and is also
adjunct Professor of Malay University due to his special knowledge of alluvial
mining
His history is that of a person who succeeds at whatever project he puts his hand
on and remains intimately involved with the Malay and SE Asia mining
community.
Owing 55 million shares and his hand clearly visible in new and activated projects
currently expressed in our mining portfolio , he has what it takes to succeed once
again with Monument.
No need to remind ourselves that Monument holds what is perhaps the most
attractive undeveloped gold tenements in Western Australia, within a rapidly
diminishing choice of such TO assets.
----
Is A Historic Bull Market In The Mining Shares About To Begin?
https://kingworldnews.com/is-a-historic-bull-market-in-the-mining-shares-about-to-begin/
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evalustin ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Nozzpack
Monument Mining VIDEOS
https://monumentmining.com/videos/
INVESTOR PRESENTATION
https://monumentmining.com/investors/presentation/
PHOTO GALLERY
https://monumentmining.com/news-media/photo-gallery/
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
https://www.youtube.com/watch?v=Es3xDW5NaUE
bigone thank you and I also really Hope that you and yours are having a nice
Memorial weekend, and that over the coming months Monument will have many
excellent news.
I found this message;
By Gazoo2021 (179)
May 26, 2022 - 08:13 PM
Dato Sia Hok Kiang owns 55 million shares of Monument;
Biography
Dato’ Sia Hok Kiang, Excecutive Chairman of Malaco Mining Sdn Bhd, is an
economic geologist and a successful miner with 32 years of mining and
exploration experience. Dato’ Sia has worked in many mining and exploration
projects in Peru, Brazil, Ecuador, Venezuele, Guyana, USA, Canada, Central
Africa, Mongolia, Australia, Indonesia, Cambodia and Malaysia.
He is a hands-on man and is familiar with the formation and distribution of mineral
deposits, and the economics of mining projects.
Besides being a Council Member of the Malaysian Chamber of Miners and the
member of the Malaysian Geological Society, Dato’s Sia is actively advising the
Department of Mineral and geoscience of the Malaysia Ministry of Natural and
Environment of matters relating to economic gelogy.
Research Interest
Natural and Environment of matters relating to economic geology, Geoscience
Gazoo2021 (179)
May 26, 2022 - 12:43 PM
Best Way Forward
Dear Fellow Shareholders
Dato with his 55 million shares has the hammer.
Not only is his money at stake, but his reputation as an astute business person
and mining professional are at play.
Like us, he has observed the dung show and like us he must be saying WTF.
No news releases, no updates, missed promotional opportunities and a lack of
interest in the share price or valuation.
How long can Dato tolerate this management infectiveness to lead this corporation
while taking in substantial wages.
He and us deserve better and based on his capabilities we will changes.
I continue to accumulate, as this is so undervalued due to our present executive.
The best way forward includes Dato leading on his and our behalf.
.
Hope that you and yours are having a nice Memorial weekend, and that over the coming months Monument will have many excellent news releases.
Monument Mining VIDEOS
https://monumentmining.com/videos/
INVESTOR PRESENTATION
https://monumentmining.com/investors/presentation/
PHOTO GALLERY
https://monumentmining.com/news-media/photo-gallery/
Is A Historic Bull Market In The Mining Shares About To Begin?
https://kingworldnews.com/is-a-historic-bull-market-in-the-mining-shares-about-to-begin/
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evalustin ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Nozzpack
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
https://www.youtube.com/watch?v=Es3xDW5NaUE
Hope that by the end of July the market realizes the true value of the company through its share price.
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evalustin ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Nozzpack
Monument Mining VIDEOS
https://monumentmining.com/videos/
INVESTOR PRESENTATION
https://monumentmining.com/investors/presentation/
PHOTO GALLERY
https://monumentmining.com/news-media/photo-gallery/
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
https://www.youtube.com/watch?v=Es3xDW5NaUE
Very interesting insight. Thank you.
I too hope that they will keep us up on progress.
RE:Great Investment!
New flotation plant should be starting it`s dry runs in as little as 2 weeks .
I really hope they make some effort to keep us updated .
This is going to get pretty exciting .
Along wait but maybe we`re finally going to catch a break .
I think so .
Inflation is wicked now . It will be good for gold . That`s for a different post .
by Wayne
$In GOD We Trust - Real Money - AU Safety 6000yrs
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
Monument Mining Ltd. RE:Murchison Mill
Quickly perused some of the recent Gold PEAs and FS and while it's difficult to find a
close proxy to a
1 million ton plant and mill, a value of $150 million US would a very low cost to
replace our well maintained Selinsing gold plant.
Add the Floatation Plant which I figure would .....one year removed..now cost $25 +
million US to build, and in $ CAD, we have about $200 million CAD plus or minus
$50 million in asset value for our Selinsing gold plant complex
by Nozzpack
$In GOD We Trust - Real Money - AU Safety 6000yrs
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
Monument Mining Ltd. RE:Murchison Mill
Quickly perused some of the recent Gold PEAs and FS and while it's difficult to find a
close proxy to a
1 million ton plant and mill, a value of $150 million US would a very low cost to
replace our well maintained Selinsing gold plant.
Add the Floatation Plant which I figure would .....one year removed..now cost $25 +
million US to build, and in $ CAD, we have about $200 million CAD plus or minus
$50 million in asset value for our Selinsing gold plant complex
by Nozzpack
$In GOD We Trust - Real Money - AU Safety 6000yrs
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
Monument Mining Great Investment!
Not only do we have a mills, we have ore bodies, mining permits and an efficient workforce to go with the mills and infrastructure.
Dato, being a diplomatic astute mining executive, has to be considering the best options for Monument Mining.
Graham will retire, Cathy will return to the role of CFO and a new competent CEO is coming.
This is the missing parts to propel Monument Mining into a new leaque.
Or a hostile offer from Westgold is coming real soon.
I continue to accumulate more shares, as in the present stock markets, this investment will triple and possibly go ten fold.
For the record, at the end of December 2021, went to a 60% cash position for my investments, maintaining and accumulating MMY and holding Barrick. Recently starting purchasing some Power Corp, Arena Lithium and BP and plan on re deploying the full cash position, by mid June.
One item is for sure, MMY at these prices will not be available in the near future (30 days).
Grab some popcorn and enjoy the show.
by Gaszoo\\
$In GOD We Trust - Real Money - AU Safety 6000yrs
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
God Bless
Thank you for the information. This is all new to me.
I feel the same way as you do NYBob.
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