News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$KICK1 Prayers Thanks - The NWO cabals Destroy USA - LET'S GO FOR $GOLD THE REAL GOD'S MONEY - Hard Asset - Will Not Be Confiscated - 
)
$Monument Mining Ltd; Gold Production @ Low Cost & Very Undervalued Bargain -
WELL; Monument Mining HAVE 3 GOLD MILLS NOW - 2 BIOX and One New SULPHIDE MILL )
$Monument Mining Ltd; from ceo forum
In fact full production will be met before the end of March 2023 .
The start up went much better than expected and as is ,
they will easily exceed capacity .
With some fine tuning this month recoveries will be better than 94% .
Ore grades are also better than expected .
Full year gold production now looks like 52k ounces but should also be better .
Not 40k as reported .
And the AISC will drop like a rock .
So don`t believe some analyst reporting old , inaccurate news .
Do a little leg work . MMY is likely the best buy out there right now . )
There aren`t many others .
but the GOLD To FLY )
Post by deiwel on Mar 15, 2023
forum
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171385405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171375209
Monument Mining Ltd; from ceo forum
In fact full production will be met before the end of March 2023 .
The start up went much better than expected and as is ,
they will easily exceed capacity .
With some fine tuning this month recoveries will be better than 94% .
Ore grades are also better than expected .
Full year gold production now looks like 52k ounces but should also be better .
Not 40k as reported .
And the AISC will drop like a rock .
So don`t believe some analyst reporting old , inaccurate news .
Do a little leg work . MMY is likely the best buy out there right now . )
There aren`t many others .
but the GOLD To FLY )
Post by deiwel on Mar 15, 2023
forum
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171385405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171375209
Kick1 Welcome - Production Restart Will Make The Gold Project Be Worth Easy 10 Times More IMO! - )
Monument Mining Ltd - Also Own The Murchison Gold Mines Project and it is very valuable
to be a great Gold producer soon ready for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has
diverted our attention -
including the phase 2 drilling program , but that should change soon.
Our Murchison Gold Project is a premium asset that could be brought to resume
production once cash flows from the Selinsing Gold mine and it's ready begin again to fill
our Gold coffers. )
Monuments Mining - Murchison Gold Mines Photo Gallery -
https://monumentmining.com/news-media/photo-gallery/
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom .
And literally a stone
throw from our Burnakurra mill
. 
Further , recent and historical drilling has shown that this rich basement lode under pit # 1
extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to
2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south .
Do they also have grades like
NOA#1 at depth and its a good possibility of it - )
We also discovered potentially new resources at the Junction and have yet to even scratch
the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high
grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully
operational mill of ours - )
Our 80 % partner ODY has made some truly amazing intersections at ourTuckanarra and
they got a part option on this but they have to spend the money on drilling and
current drill program should lead to a great Gold Feasabillity study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and
20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
https://monumentmining.com/projects/murchison-gold-portfolio/
Corporate Presentation December 2022
https://monumentmining.com/site/assets/files/4320/mmy-corporate-presentation-december-2022.pdf
https://monumentmining.com
https://investorshub.advfn.com/Monument-Mining-Ltd-MMY-13403
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/live/au0001wb.gif
https://www.kitconet.com/images/live/ag0001wb.gif
https://www.kitco.com/images/live/gold.gif?0.8344882022363285
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:
[Suppressed Image]
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
God Bless America
PDAC 2023 - Monument Mining With CEO - Cathy Zhai. March 5, 2022.
https://content.jwplatform.com/previews/Ao6RUHrC
It has been said; ex. - Peranghi open pit mines has had extensive exploration and
development activities over the
past 4-5 years .
Grade control has been completed on four open pits and mining benches have been
configured.
Peranghi remains open at strike to the North and at below the pits oxide floor.
Bulk mining of the open pits has confirmed above average ore grades more than meeting
economic mining requirements .
The mining these oxide pits is that the upstream mining capacity...crushing, grinding etc ..is
currently engaged by processing sulphides for the new Floatation plant to that some more
crushing equipment etc. can be added -
When the FP begins generating free cash flows, the upstream ore processing
operations will be expanded such that separate crushing and grinding circuits will be added to permit Peranghi oxide ore to be processed through our oxide mill.
and maybe 25,000 - 30,000 + + cheap Au ounces of oxide bullion....can be mined again - )
https://monumentmining.com/projects/selinsing-gold-portfolio/
https://monumentmining.com/news-media/photo-gallery/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171360812
https://monumentmining.com
God Bless
Monument Mining Ltd Reports Second Quarter Fiscal 2023 ("Q2 FY2023") Results
March 1, 2023
Gross Revenue of US$5.87 Million and Cash Cost of US$1,507/Oz
https://monumentmining.com/news-media/news/2023/monument-reports-second-quarter-fiscal-2023-q2-fy2023-results/
Q3 Comments -
First , cash and working capital at exit 3 -
$12.8 million US in cash and $3.7 million us in Gold bullion, for total cash and
cash equivalents of $16.5 million US which is about $22 million in CAD.
A recall estimating about $15 million US so we are in very good shape, balance sheet wise,
That is because the FP costs were spot on forecast estimates.
We had $19.5 million US in Working capital at exit Q3.....about $25 m CAD....which is
excellent
We also have 2000 ounces of concentrate which was produced in January and part of
February which will boost working capital going forward .
They have problems finding workers and drillers in Australia so, we are delayed there while
they advance their target selections..
and
In December, commissioning of sulphide flotation plant commenced, and 9,574 t of flotation
feed was milled, 126 dry metric tonnes of gold concentrate was produced with
177 oz gold recovered. There was no sale of gold concentrate during Q2 fiscal 2023.
Welcome - Monument Mining Ltd. Production Restart Will Make The Gold Project Be
Worth Easy 10 Times More IMO! -
Monument Mining Ltd Own The Murchison Gold Mines Project and it is very valuable to
be more developed soon for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has
diverted our attention -
including the phase 2 drilling program , but that should change soon.
Monument Miniing Ltd's Murchison Gold Project is a premium asset that will be
brought to resume gold production once cash flows from the Selinsing Gold Mine begins to
fill our coffers.
Murchison Photo Gallery
https://monumentmining.com/news-media/photo-gallery/
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom . And literally a stone
throw from our Burnakurra mill
.
Further , recent and historical drilling has shown that this rich basement lode under pit # 1
extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to
2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south . Do they also have grades like
NOA#1 at depth ?
We also discovered potentially new resources at the Junction and have yet to even scratch
the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high
grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully
operational mill.
Our 80 % partner ODY has made some truly amazing intersections at Tuckanarra and this
current drill program should lead to a Feasability study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and
20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
https://monumentmining.com/projects/murchison-gold-portfolio/
Corporate Presentation March 2023/b]
https://monumentmining.com/investors/presentation/
https://monumentmining.com
https://investorshub.advfn.com/Monument-Mining-Ltd-MMY-13403
God Bless
Welcome - Monument Mining Ltd. Production Restart Will Make The Gold Project Be
Worth Easy 10 Times More IMO! -
Monument Mining Ltd Own The Murchison Gold Mines Project and it is very valuable to
be more developed soon for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has
diverted our attention -
including the phase 2 drilling program , but that should change soon.
Monument Miniing Ltd's Murchison Gold Project is a premium asset that will be
brought to resume gold production once cash flows from the Selinsing Gold Mine begins to
fill our coffers.
Murchison Photo Gallery
https://monumentmining.com/news-media/photo-gallery/
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom . And literally a stone
throw from our Burnakurra mill
.
Further , recent and historical drilling has shown that this rich basement lode under pit # 1
extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to
2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south . Do they also have grades like
NOA#1 at depth ?
We also discovered potentially new resources at the Junction and have yet to even scratch
the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high
grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully
operational mill.
Our 80 % partner ODY has made some truly amazing intersections at Tuckanarra and this
current drill program should lead to a Feasability study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and
20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
https://monumentmining.com/projects/murchison-gold-portfolio/
Corporate Presentation March 2023/b]
https://monumentmining.com/investors/presentation/
https://monumentmining.com
https://investorshub.advfn.com/Monument-Mining-Ltd-MMY-13403
God Bless
Much Appreciated NYBob Premium Gold MMY
$KICK1 - GOD'S $Gold On Fire - $NEWS - $Monument Reports Second Quarter Fiscal 2023 ("Q2
FY2023") Results
March 1, 2023
View PDF
Gross Revenue of US$5.87 Million and Cash Cost of US$1,507/Oz
Vancouver, B.C., March 1, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its production and financial results for the
second quarter of fiscal 2023 and the six months ended December 31, 2022.
All amounts are expressed in United States dollars (“US$”) unless otherwise indicated
(refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, “I am pleased to report during the second
quarter our Selinsing Gold Mine has filtered first gold concentrates with completion of
dry/wet flotation plant commissioning.
The ramp up period commenced subsequent to the second quarter yet to bring the project
to commercial production.”
Second Quarter Highlights:
https://monumentmining.com/news-media/news/2023/monument-reports-second-quarter-fiscal-2023-q2-fy2023-results/
Gold Production @ Low Cost & Very Undervalued Bargain - Thanks -
WELL; Monument Mining HAVE 3 GOLD MILLS NOW - And )
Selinsing have One BIOX and One New SULPHIDE - )
Well Monument Mining have produced 1000 Gold Bars - )
and the next 1000 Gold Bars should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
RE: NEWS - Monument Mining President and CEO Cathy Zhai
commented, “During commissioning we have identified some
bottlenecks and are working with Mincore to fix them.
Up to date the flotation plant has delivered saleable concentrate of approximately
1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. )
Figure 2. Plant Inspection
https://www.globenewswire.com/news-release/2023/02/27/2616400/0/en/Monument-Progresses-Flotation-Commissioning-at-Selinsing.html
As of February 22nd, 2023, a total of 1,707 dry metric tonnes of gold concentrate have been
produced with an average gold grade of 35.12 g/t Au (1,928 troy ounces).
A fast Production Gold Au Estimate DD by a Monument Mining Investor: -
Ex.gracia -
Scoping of concentrate Production…52,000 ounces
We have some very interesting tidbit provided in todays NR which can be combined with
FS information to scope out annual concentrate production
...950,000 tons of mill feed per year ( about 3000 tpd )
....Mass pull of 5% ( ie 100 tons of ore is concentrated by a factor of 20 to 5 tons of
concentrate )
..head .grade of 1.95 gms per ton ( oxides removed )
....recovery of 85%
So , we have 1.95 gms/ ton. X 20 X 85 % = 35 gms per ton which is spot on the
performance reported today.
950,000 tons of head feed is concentrated by a factor of 20 ( ie Mass pull of 5% ) to 47000
tons of concentrate containing 1.1 ounces of gold per ton .
This computes to about 52,000 ounces of gold per year contained within 47000 tons of gold
concentrate
The Feasability Study included Biox and also oxides .
It quoted 60.000 ounces per year in the initial years of production .
So, removing the oxides from the mill feed and 53,000 ounces of sulphide gold produced
per year seems quite good and meets breast plate production rates.
Reducing production by about 10 % for smelting and transportation costs and our net gold
sales will be about 48,000 ounces per year which at current POG of $2259 CAD per ounce
will result in about $105 million CAD in annual revenues.
The FSR analyst report calculated a 30% cash flow margin which is just over $30 million
CAD per year.
As we have nearly $45 million US in forward non capital tax loss pools to offset income
taxes, that amount ($30 m CAD ) is essentially free cash flows.
There will be need for sustaining capital , so remove $5 million for that and we have about
$25 million or about $0.08 per share in free cash flows or equivalently in the absence of
taxes, net earnings
This gets us to about book value of $0.48 per share at a very modest 6 times annual
earnings
So todays NR provided an excellent insight into our FP production outlook .
As importantly , it confirms and conforms quite well with the 2019 Feasability Study which is
quite reassuring.
Considering that we have over $75 million in asset value in our Murchison
Project, Monument is now a screaming buy.
" As of February 22, 2023, a total of 1,707 tonnes of flotation concentrate have been
produced at an average grade of 35.12 g/t Au...1928 ounces of gold"
Comment on this Post
(All time best to make your own DD)
Welcome ; Can we produce/ sell 10,000 ounces in Q3
Q3 is this quarter ending March 31/23.
We have 30 days in March to do so .
Head feed is 3000 tons per day, so if all goes well, we should
produce 90,000 tons of ore in March.
With a mass pull of 5%, that will result in about 4500 tons of
concentrate , containing 1.1 ounces per ton which is
about 5000 ounces of gold.
We have already produced 1829 ounces to date during ramp it ,
up to a week or so ago.
Now, we have ....recalling from memory ..about 3000+ ounces of
bullion in Inventory that was saved from Q2 and
Q3 production in F22..
So, with breast plate production of about 5000 ounces for
March....if no more significant hiccups.. and
nearly 2000 ounces in the bag already ,
along with over 3000 ounces of bullion in our vaults,
we could see up to 10,000 ounces sold in Q3...?..if
all going good -
About $23 million in gross sales .
The FSR projected 22,000 ounces in F 2023.
That looks reasonably certain right now....if ramp up proceeds
without any major hiccups.
This is the best news we have had - so.. more Great PR NEWS
this week at PDAC should be made -
Company Profile & Information (TSXV:MMY)
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
Issue Type
Common Stock
ISOCFI
ESVUFR
Auditor
GRANT THORNTON LLP
Last Audit
Unqualified Opinion
Well we have produced 1000 Gold Bars - )
and the next 1000 should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
Monument Reports Second Quarter Fiscal 2023 ("Q2 FY2023") Results
March 1, 2023
View PDF
Gross Revenue of US$5.87 Million and Cash Cost of US$1,507/Oz
Vancouver, B.C., March 1, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its production and financial results for the
second quarter of fiscal 2023 and the six months ended December 31, 2022.
All amounts are expressed in United States dollars (“US$”) unless otherwise indicated
(refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, “I am pleased to report during the second
quarter our Selinsing Gold Mine has filtered first gold concentrates with completion of
dry/wet flotation plant commissioning.
The ramp up period commenced subsequent to the second quarter yet to bring the project
to commercial production.”
Second Quarter Highlights:
https://monumentmining.com/news-media/news/2023/monument-reports-second-quarter-fiscal-2023-q2-fy2023-results/
Gold Production @ Low Cost & Very Undervalued Bargain - Thanks -
WELL; Monument Mining HAVE 2 MILLS NOW - One BIOX and One New SULPHIDE -
Well Monument Mining have produced 1000 Gold Bars - )
and the next 1000 Gold Bars should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
RE: NEWS - Monument Mining President and CEO Cathy Zhai
commented, “During commissioning we have identified some
bottlenecks and are working with Mincore to fix them.
Up to date the flotation plant has delivered saleable concentrate of approximately
1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. )
Figure 2. Plant Inspection
https://www.globenewswire.com/news-release/2023/02/27/2616400/0/en/Monument-Progresses-Flotation-Commissioning-at-Selinsing.html
As of February 22nd, 2023, a total of 1,707 dry metric tonnes of gold concentrate have been
produced with an average gold grade of 35.12 g/t Au (1,928 troy ounces).
A fast Production Gold Au Estimate DD by a Monument Mining Investor: -
Ex.gracia -
Scoping of concentrate Production…52,000 ounces
We have some very interesting tidbit provided in todays NR which can be combined with
FS information to scope out annual concentrate production
...950,000 tons of mill feed per year ( about 3000 tpd )
....Mass pull of 5% ( ie 100 tons of ore is concentrated by a factor of 20 to 5 tons of
concentrate )
..head .grade of 1.95 gms per ton ( oxides removed )
....recovery of 85%
So , we have 1.95 gms/ ton. X 20 X 85 % = 35 gms per ton which is spot on the
performance reported today.
950,000 tons of head feed is concentrated by a factor of 20 ( ie Mass pull of 5% ) to 47000
tons of concentrate containing 1.1 ounces of gold per ton .
This computes to about 52,000 ounces of gold per year contained within 47000 tons of gold
concentrate
The Feasability Study included Biox and also oxides .
It quoted 60.000 ounces per year in the initial years of production .
So, removing the oxides from the mill feed and 53,000 ounces of sulphide gold produced
per year seems quite good and meets breast plate production rates.
Reducing production by about 10 % for smelting and transportation costs and our net gold
sales will be about 48,000 ounces per year which at current POG of $2259 CAD per ounce
will result in about $105 million CAD in annual revenues.
The FSR analyst report calculated a 30% cash flow margin which is just over $30 million
CAD per year.
As we have nearly $45 million US in forward non capital tax loss pools to offset income
taxes, that amount ($30 m CAD ) is essentially free cash flows.
There will be need for sustaining capital , so remove $5 million for that and we have about
$25 million or about $0.08 per share in free cash flows or equivalently in the absence of
taxes, net earnings
This gets us to about book value of $0.48 per share at a very modest 6 times annual
earnings
So todays NR provided an excellent insight into our FP production outlook .
As importantly , it confirms and conforms quite well with the 2019 Feasability Study which is
quite reassuring.
Considering that we have over $75 million in asset value in our Murchison
Project, Monument is now a screaming buy.
" As of February 22, 2023, a total of 1,707 tonnes of flotation concentrate have been
produced at an average grade of 35.12 g/t Au...1928 ounces of gold"
Comment on this Post
(All time best to make your own DD)
Welcome ; Can we produce/ sell 10,000 ounces in Q3
Q3 is this quarter ending March 31/23.
We have 30 days in March to do so .
Head feed is 3000 tons per day, so if all goes well, we should
produce 90,000 tons of ore in March.
With a mass pull of 5%, that will result in about 4500 tons of
concentrate , containing 1.1 ounces per ton which is
about 5000 ounces of gold.
We have already produced 1829 ounces to date during ramp it ,
up to a week or so ago.
Now, we have ....recalling from memory ..about 3000+ ounces of
bullion in Inventory that was saved from Q2 and
Q3 production in F22..
So, with breast plate production of about 5000 ounces for
March....if no more significant hiccups.. and
nearly 2000 ounces in the bag already ,
along with over 3000 ounces of bullion in our vaults,
we could see up to 10,000 ounces sold in Q3...?..if
all going good -
About $23 million in gross sales .
The FSR projected 22,000 ounces in F 2023.
That looks reasonably certain right now....if ramp up proceeds
without any major hiccups.
This is the best news we have had - so.. more Great PR NEWS
this week at PDAC should be made -
Company Profile & Information (TSXV:MMY)
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
Issue Type
Common Stock
ISOCFI
ESVUFR
Auditor
GRANT THORNTON LLP
Last Audit
Unqualified Opinion
Well we have produced 1000 Gold Bars - )
and the next 1000 should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
Gold Production @ Low Cost & Very Undervalued Bargain - Thanks -
WELL; Monument Mining HAVE 2 MILLS NOW - One BIOX and One New SULPHIDE -
Well Monument Mining have produced 1000 Gold Bars - )
and the next 1000 Gold Bars should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
RE: NEWS - Monument Mining President and CEO Cathy Zhai
commented, “During commissioning we have identified some
bottlenecks and are working with Mincore to fix them.
Up to date the flotation plant has delivered saleable concentrate of approximately
1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. )
Figure 2. Plant Inspection
https://www.globenewswire.com/news-release/2023/02/27/2616400/0/en/Monument-Progresses-Flotation-Commissioning-at-Selinsing.html
As of February 22nd, 2023, a total of 1,707 dry metric tonnes of gold concentrate have been
produced with an average gold grade of 35.12 g/t Au (1,928 troy ounces).
A fast Production Gold Au Estimate DD by a Monument Mining Investor: -
Ex.gracia -
Scoping of concentrate Production…52,000 ounces
We have some very interesting tidbit provided in todays NR which can be combined with
FS information to scope out annual concentrate production
...950,000 tons of mill feed per year ( about 3000 tpd )
....Mass pull of 5% ( ie 100 tons of ore is concentrated by a factor of 20 to 5 tons of
concentrate )
..head .grade of 1.95 gms per ton ( oxides removed )
....recovery of 85%
So , we have 1.95 gms/ ton. X 20 X 85 % = 35 gms per ton which is spot on the
performance reported today.
950,000 tons of head feed is concentrated by a factor of 20 ( ie Mass pull of 5% ) to 47000
tons of concentrate containing 1.1 ounces of gold per ton .
This computes to about 52,000 ounces of gold per year contained within 47000 tons of gold
concentrate
The Feasability Study included Biox and also oxides .
It quoted 60.000 ounces per year in the initial years of production .
So, removing the oxides from the mill feed and 53,000 ounces of sulphide gold produced
per year seems quite good and meets breast plate production rates.
Reducing production by about 10 % for smelting and transportation costs and our net gold
sales will be about 48,000 ounces per year which at current POG of $2259 CAD per ounce
will result in about $105 million CAD in annual revenues.
The FSR analyst report calculated a 30% cash flow margin which is just over $30 million
CAD per year.
As we have nearly $45 million US in forward non capital tax loss pools to offset income
taxes, that amount ($30 m CAD ) is essentially free cash flows.
There will be need for sustaining capital , so remove $5 million for that and we have about
$25 million or about $0.08 per share in free cash flows or equivalently in the absence of
taxes, net earnings
This gets us to about book value of $0.48 per share at a very modest 6 times annual
earnings
So todays NR provided an excellent insight into our FP production outlook .
As importantly , it confirms and conforms quite well with the 2019 Feasability Study which is
quite reassuring.
Considering that we have over $75 million in asset value in our Murchison
Project, Monument is now a screaming buy.
" As of February 22, 2023, a total of 1,707 tonnes of flotation concentrate have been
produced at an average grade of 35.12 g/t Au...1928 ounces of gold"
Comment on this Post
(All time best to make your own DD)
Welcome ; Can we produce/ sell 10,000 ounces in Q3
Q3 is this quarter ending March 31/23.
We have 30 days in March to do so .
Head feed is 3000 tons per day, so if all goes well, we should
produce 90,000 tons of ore in March.
With a mass pull of 5%, that will result in about 4500 tons of
concentrate , containing 1.1 ounces per ton which is
about 5000 ounces of gold.
We have already produced 1829 ounces to date during ramp it ,
up to a week or so ago.
Now, we have ....recalling from memory ..about 3000+ ounces of
bullion in Inventory that was saved from Q2 and
Q3 production in F22..
So, with breast plate production of about 5000 ounces for
March....if no more significant hiccups.. and
nearly 2000 ounces in the bag already ,
along with over 3000 ounces of bullion in our vaults,
we could see up to 10,000 ounces sold in Q3...?..if
all going good -
About $23 million in gross sales .
The FSR projected 22,000 ounces in F 2023.
That looks reasonably certain right now....if ramp up proceeds
without any major hiccups.
This is the best news we have had - so.. more Great PR NEWS
this week at PDAC should be made -
Company Profile & Information (TSXV:MMY)
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
Issue Type
Common Stock
ISOCFI
ESVUFR
Auditor
GRANT THORNTON LLP
Last Audit
Unqualified Opinion
Well we have produced 1000 Gold Bars - )
and the next 1000 should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
Welcome KICK1; Can we produce/ sell 10,000 ounces in Q3
Q3 is this quarter ending March 31/23.
We have 30 days in March to do so .
Head feed is 3000 tons per day, so if all goes well, we should
produce 90,000 tons of ore in March.
With a mass pull of 5%, that will result in about 4500 tons of
concentrate , containing 1.1 ounces per ton which is
about 5000 ounces of gold.
We have already produced 1829 ounces to date during ramp it ,
up to a week or so ago.
Now, we have ....recalling from memory ..about 3000+ ounces of
bullion in Inventory that was saved from Q2 and
Q3 production in F22..
So, with breast plate production of about 5000 ounces for
March....if no more significant hiccups.. and
nearly 2000 ounces in the bag already ,
along with over 3000 ounces of bullion in our vaults,
we could see up to 10,000 ounces sold in Q3...?..if
all going good -
About $23 million in gross sales .
The FSR projected 22,000 ounces in F 2023.
That looks reasonably certain right now....if ramp up proceeds
without any major hiccups.
This is the best news we have had - so.. more Great PR NEWS
this week at PDAC should be made -
Company Profile & Information (TSXV:MMY)
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
Issue Type
Common Stock
ISOCFI
ESVUFR
Auditor
GRANT THORNTON LLP
Last Audit
Unqualified Opinion
Well we have produced 1000 Gold Bars - )
and the next 1000 should go much faster with the new MILL - )
https://monumentmining.com/news-media/photo-gallery/
Hey NYBob Thank You Buddy I'm in, $MMTMF at Fidelity MMY
President and CEO Cathy Zhai commented, “During commissioning we have identified some
bottlenecks and are working with Mincore to fix them.
Up to date the flotation plant has delivered saleable concentrate of approximately
1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. smile)
Figure 2. Plant Inspection
https://www.globenewswire.com/news-release/2023/02/27/2616400/0/en/Monument-Progresses-Flotation-Commissioning-at-Selinsing.html
As of February 22nd, 2023, a total of 1,707 dry metric tonnes of gold concentrate have been
produced with an average gold grade of 35.12 g/t Au (1,928 troy ounces).
A fast Production Gold Au Estimate DD by a Monument Mining Investor: -
Ex.gracia -
Scoping of concentrate Production…52,000 ounces
We have some very interesting tidbit provided in todays NR which can be combined with
FS information to scope out annual concentrate production
...950,000 tons of mill feed per year ( about 3000 tpd )
....Mass pull of 5% ( ie 100 tons of ore is concentrated by a factor of 20 to 5 tons of
concentrate )
..head .grade of 1.95 gms per ton ( oxides removed )
....recovery of 85%
So , we have 1.95 gms/ ton. X 20 X 85 % = 35 gms per ton which is spot on the
performance reported today.
950,000 tons of head feed is concentrated by a factor of 20 ( ie Mass pull of 5% ) to 47000
tons of concentrate containing 1.1 ounces of gold per ton .
This computes to about 52,000 ounces of gold per year contained within 47000 tons of gold
concentrate
The Feasability Study included Biox and also oxides .
It quoted 60.000 ounces per year in the initial years of production .
So, removing the oxides from the mill feed and 53,000 ounces of sulphide gold produced
per year seems quite good and meets breast plate production rates.
Reducing production by about 10 % for smelting and transportation costs and our net gold
sales will be about 48,000 ounces per year which at current POG of $2259 CAD per ounce
will result in about $105 million CAD in annual revenues.
The FSR analyst report calculated a 30% cash flow margin which is just over $30 million
CAD per year.
As we have nearly $45 million US in forward non capital tax loss pools to offset income
taxes, that amount ($30 m CAD ) is essentially free cash flows.
There will be need for sustaining capital , so remove $5 million for that and we have about
$25 million or about $0.08 per share in free cash flows or equivalently in the absence of
taxes, net earnings
This gets us to about book value of $0.48 per share at a very modest 6 times annual
earnings
So todays NR provided an excellent insight into our FP production outlook .
As importantly , it confirms and conforms quite well with the 2019 Feasability Study which is
quite reassuring.
Considering that we have over $75 million in asset value in our Murchison
Project, Monument is now a screaming buy.
" As of February 22, 2023, a total of 1,707 tonnes of flotation concentrate have been
produced at an average grade of 35.12 g/t Au...1928 ounces of gold"
Comment on this Post
(All time best to make your own DD)
President and CEO Cathy Zhai commented, “During commissioning we have identified some
bottlenecks and are working with Mincore to fix them.
Up to date the flotation plant has delivered saleable concentrate of approximately
1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. )
Figure 2. Plant Inspection
https://www.globenewswire.com/news-release/2023/02/27/2616400/0/en/Monument-Progresses-Flotation-Commissioning-at-Selinsing.html
Monument Progresses Flotation Commissioning at Selinsing
The first filtered gold concentrate produced on December 27th, 2022
February 27, 2023 13:15 ET | Source: Monument Mining
Figure 1. Flotation Plant
https://www.globenewswire.com/news-release/2023/02/27/2616400/0/en/Monument-Progresses-Flotation-Commissioning-at-Selinsing.html
March Will Be Kick off to a Bountiful Future
Q2 will report in about 3 weeks.
We should see......
...the last quarter of oxide production at Selinsing
...the first quarter which sets into place readiness of the new FP plant to begin gold
concentrate production
....an update of our balance sheet and working capital levels
...news on the finalization of an uptake agreement
....an update on continueing exploration/ development activities at Peranghi and Mentique
....an update on exploration and development plans for our Murchison assets
...other matters of disclosure relevant to all of our current and planned material
developments
Later this week is PDAC.....perhaps a new corporate presentation and early disclosures
A lot of companies usually do a NR prior to and or during PDAC to get some attention.
Let me tell you we are due some attention.
GLTA
Target Est 0.43 )
https://finance.yahoo.com/quote/MMY.V?p=MMY.V&.tsrc=fin-srch
March Will Be Kick off to a Bountiful Future
Q2 will report in about 3 weeks.
We should see......
...the last quarter of oxide production at Selinsing
...the first quarter which sets into place readiness of the new FP plant to begin gold
concentrate production
....an update of our balance sheet and working capital levels
...news on the finalization of an uptake agreement
....an update on continueing exploration/ development activities at Peranghi and Mentique
....an update on exploration and development plans for our Murchison assets
...other matters of disclosure relevant to all of our current and planned material
developments
Later this week is PDAC.....perhaps a new corporate presentation and early disclosures
A lot of companies usually do a NR prior to and or during PDAC to get some attention.
Let me tell you we are due some attention.
GLTA
1st Target Est 0.43 )
https://finance.yahoo.com/quote/MMY.V?p=MMY.V&.tsrc=fin-srch
Monument Mining Ltd Own The Murchison Gold Mines Project and it is very valuable to
be more developed soon for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has
diverted our attention -
including the phase 2 drilling program , but that should change soon.
Our Murchison Gold Project is a premium asset that could be brought to resume
production once cash flows from the Selinsing Gold mine begins to fill our coffers.
Murchison Photo Gallery
https://monumentmining.com/news-media/photo-gallery/
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom . And literally a stone
throw from our Burnakurra mill
.
Further , recent and historical drilling has shown that this rich basement lode under pit # 1
extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to
2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south . Do they also have grades like
NOA#1 at depth ?
We also discovered potentially new resources at the Junction and have yet to even scratch
the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high
grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully
operational mill.
Our 80 % partner ODY has made some truly amazing intersections at Tuckanarra and this
current drill program should lead to a Feasability study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and
20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
https://monumentmining.com/projects/murchison-gold-portfolio/
Corporate Presentation December 2022
https://monumentmining.com/site/assets/files/4320/mmy-corporate-presentation-december-2022.pdf
https://monumentmining.com
https://investorshub.advfn.com/Monument-Mining-Ltd-MMY-13403
God Bless
Monument Mining - they also have added a sulphide mill and welcome -
here is a -
Gold Mines Producer undervalued and IMO will do very well in
the short & long time future -
Monument in International news…Production late January
https://im-mining.com/2022/10/13/monument-minings-selinsing-flotation-plant-almost-complete-ready-for-pre-commissioning/
Corporate Presentation December 2022
https://monumentmining.com/site/assets/files/4320/mmy-corporate-presentation-december-2022.pdf
Ex.gratia - Risk Averse Approach on How to become Wealthy Very Quickly
Very simply, buy MMY about 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
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 over or maybe go private at $0.25 or above?
•••
Comment by romara on Feb 13, 2023 1:08pm
This the main reason we are here.....It's all in para 7 7..Hard book value of $0.48 per share ..... Richard
Company Profile & Information (TSXV:MMY)
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
Monument in Internatjonal news…Production late January
https://im-mining.com/2022/10/13/monument-minings-selinsing-flotation-plant-almost-complete-ready-for-pre-commissioning/
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.
3 # Views - Click to view600
Comment
User Avatar Image
(131)
•••
Comment by romara on Feb 13, 2023 1:08pm
This the main reason we are here.....It's all in para 7 7..Hard book value of $0.48 per share ..... Richard
Company Profile & Information (TSXV:MMY)
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
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.
3 # Views - Click to view600
Comment
User Avatar Image
(131)
•••
Comment by romara on Feb 13, 2023 1:08pm
This the main reason we are here.....It's all in para 7 7..Hard book value of $0.48 per share ..... Richard
0 # Views - Click to view20
Comment
https://stockhouse.com/companies/bullboard/v.mmy/monument-mining-ltd?threadid=35281887
Balance Sheet Forecast at exit Q2/23
With a decade long declining production to just scraping the bottom of the oxide barrel,
Monument from a fundamental perspective ,
had little to promote in order to attract investors .
That has now changed.
Over the next year, our production profile is going to be transformed into one in which
we will have rapidly growing production, robust free cash flows plus our Murchison
asset base growing each month as ODY continues its affirmative drilling program
towards resumption of Production of which we will have at least a 20% WI and
which will accelerate resumption of mining at Burnie, which already have sufficient
delineated economic ore to batch mix with Turnakura ore.
Most people don't realize that fact.
Combined, and taking advantage of WestGold excess milling capacity , perhaps
30,000 - 40,000 ounces or so could be accommodated including our own mill,
by combined Turnakura and Burnie mining operations
by nozzpak
Contact Information
Address
1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6
Telephone
+1 604 638-1661
Website
http://www.monumentmining.com
Fax
+1 604 638-1663
Email
info@monumentmining.com
Details
CEO
Cathy Zhai
Employees
N/A
Issue Type
Common Stock
ISOCFI
ESVUFR
Auditor
GRANT THORNTON LLP
Last Audit
Unqualified Opinion
FP Profit Out Look at POG $1900 US
The 2019 FS which included an extra cost of the $33 million US for the Biox unit had a
break even
POG price of 1100 US.
This was based on POG of $1300 US.
Given the plant efficiencies introduced since then, the trade off in cost of the milling plant
versus the approximate 15% discount on the Concentrate , and the added operating cost of
the Biox Plant and much less sustaining capital , I doubt that the break even price has
changed much.
To be conservative I assume $1300 US as the current Break even cost.
At $1900 POG, we are free cash flowing $600 US per Ounce.
At 40,000 ounces per year , we are throwing off $24 million US in cash to the balance
sheet.
That's about $30 million in CAD or about $0.09 per share per year in free cash.
I have forecasted at least $15 million CAD in cash subsequent to completion of the FP .
Add $30 million in incoming free cash flow and we would have about $45 million CAD after
the first 4 months of post commissioning production.
That's about $0.16 CAD per share which makes entry right now to be very risk averse.
I have resumed buying
by nozzpack..
https://stockhouse.com/companies/bullboard?symbol=v.mmy&postid=35219063
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
SPROTT: Gold And Mining Shares Are Severely Under Owned
January 09, 2023
https://kingworldnews.com/sprott-gold-and-mining-shares-are-severely-under-owned/
Macleod – This Is The Word Out Of Asia As Gold Price Approaches $1,900
January 06, 2023
https://kingworldnews.com/macleod-this-is-the-word-out-of-asia-as-gold-surge-approaches-1900/
JIM WILLIE INTERVIEW #6 - TRUMP NEWS
https://rumble.com/v24bro2-jim-willie-interview-6-trump-news.html
https://thedailygold.com/what-can-stop-gold-now/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/live/au0001wb.gif
https://www.kitconet.com/images/live/ag0001wb.gif
https://www.kitco.com/images/live/gold.gif?0.8344882022363285
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:
[Suppressed Image]
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless America
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
$bigone thank you Sir; 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
$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.America
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
.jpg)
.jpg)
) $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.
