Tuesday, January 12, 2021 3:39:46 PM
antman thanks; Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) is
great gold mining company; very undervalued and oversold, Imo! -
Ex...Sufficient Working Capital for Biox and Murchison
The capital cost of the actual Biox plant is $31.4 million.
However, only 8% of that will be required in Year 1.
I estimate Murchison, if fully self funded, about $15 million to get the
plant fully commissioned , and complete infill drilling at NOA 7/8
where production will resume.
Already parts of the ancillary requirements for Biocpx sulphide mining
are already in place.
Year 2 will see the full install of the Biox plant and if necessary
perhaps a $20 million loan to complete the project.
In the meantime, we have Gaby with exceptional drill results and 30
greenfield drilling targets that might be farmed out .
Plus, Peranghi has been declared a new oxide gold field discovery which
should provide ongoing cash flows to supply additional funding to
complete Biox as well as Murchison development plans.
In the meantime, we have what appears to be a new oxide gold field at
Mentique which requires validation and extensional drilling.
Backing all of this up will be the Rubber Hill discovery just 7 km away,
with some of the best drill results that I have ever seen at Selinsing .
We have sufficient working capital to initiate most if not all of these
new developments over the next 12 months.
But I do not rule out a major development deal for Murchison that
carries us freely to production , leaving most of our capital to
advance Biox to full production.
Lots of other possibilities too -
by nozzpack (717) sth. (long time MMY shareholder with good info
)
Monument Enters into Agreement for Sale of Mengapur Project in
Malaysia
MMY | 12 hours ago
VANCOUVER, British Columbia, Jan. 10, 2021 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“ Monument ” or the “ Company ”)
is pleased to announce that it has entered into a definitive Purchase
and Sale Agreement (the “ Definitive Agreement ”) dated January 8, 2021
with Fortress Minerals Limited (“ Fortress ”) to sell Fortress a 100%
interest in its Malaysian subsidiary, Monument Mengapur Sdn Bhd (“ MMSB ”),
which owns a 100% interest in the Mengapur Copper and Iron Project (the
“ Mengapur Project ”).
Cathy Zhai, President and CEO of the Company stated upon signing the
Definitive Agreement: “I am very pleased to announce the signing of the
Definitive Agreement for the Mengapur Project.
This is a part of our corporate restructuring that will spin off the
base metal project and allow us to focus on the development of our gold
portfolios in both Malaysia and Western Australia”.
Fortress is incorporated in Singapore and listed on the Singapore
Exchange (the “ SGX-ST ”) with its principal business in exploration,
mining and production.
Its primary iron ore operation is carried out in the state of
Terengganu, Malaysia, as one of the top iron ore operations within the
country.
Under the terms of the Definitive Agreement Fortress will, in
consideration for the shares of MMSB, pay the Company US$30,000,000 in
cash and grant Monument a royalty of 1.25% of gross revenue on all
products produced at the Mengapur Project (the “ Transaction ”).
Pursuant to a letter of intent signed on July 29, 2020 in relation to
the Transaction, Fortress made a US$3.75 million deposit
(the “ Deposit ”) to Monument under escrow to obtain exclusivity in
conducting due diligence in respect of the Mengapur Project.
The due diligence was completed on December 8, 2020 to Fortress’
satisfaction.
Upon signing of the Agreements, US$3 million of the Deposit shall be
released to Monument from escrow.
In addition, Fortress will pay Monument US$5.25 million held under
escrow immediately, taking the total escrow balance to US$6 million
(the “ Further Payment ”), which shall be released to Monument with the
final payment of US$21 million together upon closing.
The Further Payment may be released to Monument prior to closing should
Fortress request an earlier start-up of the civil work at the Mengapur
site.
The Deposit and the Further Payment are only refundable subject to
certain conditions in accordance with the terms of the Definitive
Agreement.
The Transaction is subject to Fortress shareholders’ approval, SGX-ST
approval, and other conditions set forth in the Definitive Agreement.
The closing date is expected to be three months from the date of
entering the Definitive Agreement.
The proceeds received shall be subject to a finder’s fee in the amount
of US$600,000.
The net proceeds from the Transaction shall be used for corporate and
gold projects development.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established
Canadian gold producer that operates the 100% owned
Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and is advancing
several exploration and development projects including;
The Mengapur Copper and Iron Project, in Pahang State of Malaysia, and
the Murchison Gold Projects;
comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area
of Western Australia.
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
https://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
News Releases: Monument Announces Closing of the Joint Venture
Arrangement for the Tuckanarra Project in Western Australia
December 24, 2020
View PDF
https://www.monumentmining.com/news-media/news/2020/monument-announces-closing-of-the-joint-venture-arrangement-for-the-tuckanarra-project-in-western-australia/
Vancouver, B.C., December 24, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” is pleased to announce that the Transaction
of the Joint Venture Arrangement with Odyssey Gold Ltd (ASX: ODY) has
closed, ODY now owns 80% of the Tuckanarra Gold Project (“Tuckanarra”)
leaving Monument with a 20% free carry interest.
Tuckanarra is located in the Murchison Goldfield. The JV arrangement
allows Tuckanarra exploration to be advanced right away;
and provides Monument the opportunity to have future ore produced by
ODY to be fed into the Burnakura gold processing plant.
At closing, Monument has received the first payment of AUD$2,000,000,
leaving AUD$2,000,000 cash payable due within 6 months.
A AUD$1,000,000 contingency cash payment may become payable within
36 months of completion of the acquisition, conditioned upon
the delineation of an independently assessed mineral resource in
accordance with the JORC Code (2012 Edition) of at least
100,000 ounces of gold at
a minimum resource grade of 1.55g/t
in relation to Tuckanarra Gold Project.
The cash proceeds will be used for Murchison Gold Projects development
and working capital.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1)
is an established Canadian gold producer that operates
the 100% owned Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and
is advancing several exploration and development projects
including;
the Mengapur Copper and Iron Project,
in Pahang State of Malaysia, and
the Murchison Gold Projects comprising Burnakura, Gabanintha and
Tuckanarra in the Murchison area of Western Australia.
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
http://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, ---- The Company does not undertake to
update any forward-looking statements, except in accordance with
applicable securities laws.
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is very undervalued and
oversold profitable Gold Mines producer -
Imo!
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1): Objective of Becoming a Mid-Tier Multiple Mines Gold Producer; Interview with Cathy Zhai, President and CEO
By Allen Alper Jr., President, Metals News Inc.
on 5/14/2019
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established
Canadian gold producer that owns and operates the Selinsing Gold Mine
in Malaysia.
The team of proven mine-builders is advancing a portfolio of exploration and development projects, including the Mengapur Copper-Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects in Western Australia, towards becoming a mid-tier multiple mines gold producer.
At PDAC2019, we learned from Cathy Zhai, President and CEO of Monument Mining, that the Selinsing Gold Mine has been producing for 10 years, for a total of about 280,000 ounces for gross revenue of more than $390 million, with an average cost of $476 per ounce.
After Monument completes the 53 million plant extension and mine development work, the mine will have an additional 6 years of mine life on sulfide materials, which is going to generate another $100 million cashflow.
Monument Mining Limited
Allen Alper Jr: This is Allen Alper Jr., President of Metals News, here at PDAC 2019, interviewing Cathy Zhai, President and CEO of Monument Mining Limited. Could you tell us at Metals News and our readers/investors a little bit more about yourself?
Cathy Zhai: My background is in accounting. I’ve been with Monument Mining for more than 10 years, since the beginning. I was a CFO to support the CEO, President.
Allen Alper Jr: Tell us a bit about Monument and your 10 years there. Obviously you've stuck with them and grown them, so.
Cathy Zhai: Yes, Monument acquired a Malaysia primary gold asset back in 2007. We spent two years to complete the mine development, and then we built out the plant, and put it into production in, I think, October 2009.
Since then, we produced gold for the past 10 years, for a total of about 280,000 ounces for gross revenue, of more than 390 million, with a cost per ounce, average of $476 dollars per ounce.
Allen Alper Jr: What does the current mine life look like?
Cathy Zhai: Well we pretty much ran out of the oxide materials. Now, we have just released a full history of what is a related study, with an additional life of mine, of six years on Sulfide materials. We should require about 53 million for the additional plant extension, including mine-development as well. We're expecting to generate a large cashflow from our operation, about 100 million with NPV 27 million.
Allen Alper Jr: Tell us a little bit about your share structure and insider investments.
Cathy Zhai: Well, we have a total of about 324 million shares outstanding. The majority of them are owned by private shareholders. We do not have a large institutional and management has about 5 million shares and 18.9 million in restricted share units.
Allen Alper Jr: What are your next steps now to bring more life to the mine?
Cathy Zhai: First of all, we want to put Selinsing Sulphide project into production. That requires some funding. Secondly, we have two other projects. One is in West Australia, our Murchison project. We have a resource of 380,000 ounces. It is a very large land position, with very good potential and underground potential as well. We're going to do more regional exploration. Locally, we want to increase our gold inventory. Then, be able to put it into production, generate a second cashflow. Another project is our copper and iron project in Malaysia. We published resources statements last year, in October. We have about 90 million tons of copper at an average grade of .47. I think the copper can be a pretty attractive project for Monument as the next step. We, most likely, can get a ten year tax holiday from the Malaysia government for that project.
Allen Alper Jr: Tell us a little bit about your Management team and their expertise.
Cathy Zhai: Our Management team has been very stable. We built up a core of people for the past 11 years, and most of them are still with us, at a senior level. I think our executives are more strategic and our operation team is more boots on the ground. Very good operators. Over the past 10 years, we have increased our technical capability. We can do lots of desktop study in-house. We have a pretty strong management team.
Allen Alper Jr: So, what do you view right now, as your largest challenge, and what are you doing to address it?
Cathy Zhai: Well, I think the challenge is pretty common in the mining industry, with the scarcity of a good quality gold inventory and having to mine sulfide materials and, or low-grade materials. The strength of Monument is our assets, major assets in Malaysia, very, very low cost compared to Canada and Australia. Also our team has done lots of research on how to treat the sulfide materials and our team is quite experienced and able to adapt and carry on the new technologies.
Allen Alper Jr: Is that going to increase the cost per ounce?
Cathy Zhai: It would increase some cost per ounce, but because Malaysia is a low cost country, compared to Australia or Canada, the cost is relatively low, our feasibility study shows the average cost per ounce is 864 dollars with gold price now about 1300. I think we’ll made some pretty good profits.
Allen Alper Jr: Now, are you going to need any additional permits for this?
Cathy Zhai: No. We don't have any permitting issues.
Allen Alper Jr: So, you're fully permitted. What do you think are the main reasons investors would want to look at Monument?
Cathy Zhai: I think number one is Monument has a very good operating team and management team, experienced, committed, enthusiastic, think out of the box. That's number one. Number two, our major assets in Malaysia have very low cost and their tax holidays. Some, say for the sulfide project, we can get capital tax allowance against the total investment.
We report 53 million as CAPEX. So the first profits, up to that amount, are tax-free. Also we have government support. We have local support and Malaysia has a very good British law system, mining law, and I think it's a very established country. Of course, there is corruption, but I think Malaysia is now moving in the right direction.
Allen Alper Jr: And, you have a lot of experience dealing in Malaysia.
Cathy Zhai: Yes, I do.
Allen Alper Jr: You have been in Malaysia, with Monument, for ten years.
Cathy Zhai: More than ten years. I started with Monument before it turned into a mining company in 2001 or 2002. Then we experienced two reverse takeovers, change of business and acquisitions, development and other department expansions. Lots of things happened in the past 11 years.
Allen Alper Jr: And, some people might not be familiar with mining in Malaysia. What have you done to make it more mining-friendly?
Cathy Zhai: Well, in general, Monument started from a junior mining company, but over the past eight years, we have become a leading-edge gold producer in Malaysia and we have established standards for Malaysia in the mining industry. So we're well-known. We get lots of support.
Allen Alper Jr: You feel you have de-risked anyone else's concerns for Malaysia?
Cathy Zhai: Well there will always be a risk. We always tell our investors, "If you are afraid of risk, don't invest in mining." Mining has challenges, which we are used to. But also that opens up opportunities.
Allen Alper Jr: Is there anything else you'd like to add?
Cathy Zhai: Monument, compared to other junior companies, is quite unique. Because, we are not an exploration company, and we're not a big, large gold-producing company. We're in the middle, but we have upside potential, with exploration, and we also generate cashflow. We're operators.
Allen Alper Jr: So now, the cashflow that you're producing, are you putting that back in?
Cathy Zhai: Yes, we generate about 370 or 90 million gross revenue, and with low cost, we re-invest all the money back into our gold portfolio in Australia, and also into copper and iron project in Malaysia. We're looking for sustainable production going forward.
Allen Alper Jr: So, by doing that, you've reduced the dilution of your stock, not having to issue financing in stock. Going forward, how are you planning to finance your next 25 million market cap for the land, without significantly diluting the stocks?
Cathy Zhai: We do not see equity as an option at the moment. We think the debt financing is more attractive to shareholders, without large dilution, but I think after we unlock the value in our assets, hopefully our share price can come up and we can return value to our shareholders.
Allen Alper Jr: Well, thank you very much for an excellent interview. I think this is a good, good company. Very exciting. What's your newsfeed looking like? When will we hear more about your progress? What are the next steps that are coming?
Monument Mining Limited
Cathy Zhai: In summary; we want to bring the Selinsing sulfide project into production as soon as possible. We're ready. The Team is ready. Whenever we get funding we can start immediately. It takes 12 months, a little bit more, than we can start off to generate revenue from the sulfide project.
Allen Alper Jr: So, you're looking at 2020?
Cathy Zhai: Yes, mid-2020, subject to financing. Next, we want to do our regional exploration in Murchison. Murchison has an existing processing plant already, a small one, 260,000 ton per annum. That is designed for processing high-grade gold inventory. In Murchison, we have underground potentials. We're going to do more deep-routing to find if there's a system we should replicate. Also, for the Mengapur, Mengapur used to be a large state-owned economic scale project. We have to divide up the resource, we want to find a finance partner to work together to unlock the value.
Allen Alper Jr: Thank you very much for a very interesting interview. We look forward to seeing you back in production strongly, second half of next year. Sounds very promising.
Cathy Zhai: Thank you, Allen for interviewing us at Monument Mining for Metals News. We appreciate it.
Allen Alper Jr: We’ll publish your press releases as they come out so our readers/investors can follow your progress.
https://www.monumentmining.com/
Richard Cushing,
MMY Vancouver
T: +1-604-638-1661 x102
rcushing@monumentmining.com
bigone thanks; RE:Mengapher Copper Porphryry.......Interesting article
These copper/gold /silver porphrys are much more important than i had
realized.
That impression was derived from low grades of these porphrys, but
research on recoveries shows about 90 % copper and about 65 % for gold.
Mengapher has 50.9 million tons of ore , containing 394,000 tons of
copper which is close to 900 million lbs.
It also contains 409,000 ounces of gold plus millions of ounces of
silver.
At 2 million tons per year, its mine life would be about 25 years.
What is also positive is that the overburden is magnetite rich in iron
ore.
Removal of this overburden can be expensive but with lots of magnetite
iron ore in the overburden soils which has been and can be profitably
sold, this process can carry on until the skarn rock is fully exposed,
with progits directed towards paying for the mill.
Mengpaher will need more drilling to upgrade the 43-101 categories to
measured from Indicated, but this too can be paid for by the sale of
magnetite soils.
I dont know what Monument might get for its 100 % owned Mangapher
project.
I would hope at least $40 million US up front and a 2-3 % NSR on future
production.
Contained in this would be 1.2 million tons of stockpiled magnetite
which should convert ,upon concentration and milling,to about 200,000
tons or so of 62 % iron fines valued at about $27 million US at current
iron ore prices.
by nozzpack (519) thanks good info
December 09, 2020 - 08:33 AM
Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new great discovery of plenty more gold ore to increase
the ore reserve with good drilling results to be mined many future years the weather is good no curtain needed -)
1,000th Gold Bar Pour Photo Gallery) It's a great Mother ore start
https://www.monumentmining.com/news-media/photo-gallery/
Market Cap $30 mil. - No Debt - someone has to be kidding)
is it the fact ???
What a Great Gold Mines bargain)
MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered)
Imo!
Selinsing Gold Mine
The Selinsing gold mine is an operating high-grade gold mine at Bukit Selinsing in Pahang State, Malaysia.
https://www.mining-technology.com/projects/selinsing-gold-mine/
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
VIEW PDF
https://www.monumentmining.com/news-media/news/
https://www.monumentmining.com
News Releases
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
View PDF
Gross Revenue of $5.92 Million and Cash Cost of US$923/Oz
Vancouver, B.C., November 16, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its first quarter
production and financial results for the three months ended
September 30, 2020.
All amounts are expressed in United States dollars (“US$”) unless
otherwise indicated (refer to www.sedar.com for full financial
results).
President and CEO Cathy Zhai commented:
“Fiscal 2021 started with new challenging as a global COVID-19
pandemic carried forward from fiscal 2020.
The Company has fully resumed its production in the first quarter
from eight-week’s mining ban at Selinsing in the first quarter,
the Selinsing Sulphide gold plant upgrade
is however still pending for financing.
“On the other hand, gold price surged to record high and
the gold mining sector was very active in Western Australia,
gold mining producers enjoyed high production margins, and
investment is flowing into that region for gold explorations.
The Company continues try hard to access to financing, and
it is very closely monitoring the market and looking for
divesting of base metal portfolio to
focus on primary gold assets, as well as
new corporate development opportunities
to lift up market value for the best
interest of its shareholders.”
First Quarter Highlights:
3,504 ounces (“oz”) of gold produced (Q1 2020:
4,852oz) with 3,100oz of gold sold for gross revenue of
$5.92 million (Q1 2020: 4,323oz of gold sold for
revenue of $6.34 million);
Gross margin of $3.06 million (Q1 2020: $2.65 million);
Average realized price per ounce, excluding prepaid gold sales, of
$1,909/oz (Q1 2020: $1,475/oz);
Cash cost per ounce of $923/oz (Q1 2020: $855/oz);
All-in sustaining costs per ounce (“AISC”) of $1,055/oz (Q1 2020:
$1,158/oz);
Peranggih grade control drilling after positive trial mining results
identified 58,662 tonnes at 0.93g/t Au materials;
Production resumed at Selinsing after lifting eight weeks mining ban in
last quarter during COVID-19 pandemic
Entering into a Tuckanarra JV arrangement with Odyssey subsequent to
the quarter opens corporate development opportunities in WA region.
First Quarter Production and Financial Highlights
https://www.monumentmining.com/news-media/news/2020/monument-reports-first-quarter-fiscal-2021-q1-2021-results/
Monument Mining (TSXV:MMY) Note...
RE:Substantial Increase in Gold ...Stage 1 open pit Peranghi
nozzpack @ sth. wrote:
Based on the 2017 GC drilling program which identified a high grade zone
measuring 150 m by 80 m in P North ( see Fig 1 in link below )
management estimated this this GC zone contained 20,000 to 30,000
ounces....see link to 2017 NR below.
The recently completed 5002 m GC drilling of this Zone elicited this
statement from management..
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted than
the initial assay results from 2017 GC drilling program
at the same area.
So in just this small zone, we now have
at least 31,000 to 47,000 ounces of
even higher grade gold within a lesser volume of ore.
I had earlier missed this implication .
They are now telling us that we have a significant new gold deposit
at Peranghi whose size will eventually describe
a substantially new oxide resource once P North and
the other 3 high grade zones are fully explored.
My earlier analyses of these 4 zones showed in
excess of 120,000 ounces.
This discovery completely alters the future perspective
for mining at Selinsing.....no rush
to fund Biox as we have new and
substantial sources of high grade oxides
for years to come
xxxxxxxxxxxxxxx
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be
extracted than the initial assay results
from 2017 GC drilling program at the same area.
A further GC drill program was planned;
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a;
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted
than the initial assay results from
2017 GC drilling program at the same area.
A further GC drill program was planned,
see fig 1 at this link
https://www.monumentmining.com/news-media/news/2020/monument-announces-trial-mining-results-at-peranggih-gold-prospect-in-malaysia/
https://www.monumentmining.com/news-media/news/2017/monument-announces-encouraging-results-from-recent-drilling-at-new-gold-field-peranggih-project/
The recent 2017 close spaced RAB drilling program
was carried out at an historic mining site to
test 150m strike length x 80m width of the mineralization.
This allowed the accurate identification of
several high grade gold (HG) zones surrounded
by a main low grade (LG) halo.
The significant drill intersections;
(Au >2.0 g/t & >5m length) within a more
consistent high grade gold area are presented in
Table 1.
The full set of drill results for the holes intercepting
this HG gold mineralization occurrence are listed in
Appendix A and Appendix B.
Previous activities plus more recent exploration works,
totaling 1,700m for 21 trenches, 2,900m of Diamond Drilling (DD) and
Reverse Circulation (RC) drilling for
35 drill holes, and 2,800m of close spaced RAB drilling
for approximately 300 drill holes (completed in 2017)
have been used to outline an exploration
target of 20,000 to 30,000 oz Au contained
within 1 to 2 Mt @ 0.3 to 2.0 g/t Au.
The potential tonnages and grades are con
Gold & Silver bulls starting to break out > ^ > ^ > ^
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
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
God Bless America
Ps.
opinion appreciated
TIA
great gold mining company; very undervalued and oversold, Imo! -
Ex...Sufficient Working Capital for Biox and Murchison
The capital cost of the actual Biox plant is $31.4 million.
However, only 8% of that will be required in Year 1.
I estimate Murchison, if fully self funded, about $15 million to get the
plant fully commissioned , and complete infill drilling at NOA 7/8
where production will resume.
Already parts of the ancillary requirements for Biocpx sulphide mining
are already in place.
Year 2 will see the full install of the Biox plant and if necessary
perhaps a $20 million loan to complete the project.
In the meantime, we have Gaby with exceptional drill results and 30
greenfield drilling targets that might be farmed out .
Plus, Peranghi has been declared a new oxide gold field discovery which
should provide ongoing cash flows to supply additional funding to
complete Biox as well as Murchison development plans.
In the meantime, we have what appears to be a new oxide gold field at
Mentique which requires validation and extensional drilling.
Backing all of this up will be the Rubber Hill discovery just 7 km away,
with some of the best drill results that I have ever seen at Selinsing .
We have sufficient working capital to initiate most if not all of these
new developments over the next 12 months.
But I do not rule out a major development deal for Murchison that
carries us freely to production , leaving most of our capital to
advance Biox to full production.
Lots of other possibilities too -
by nozzpack (717) sth. (long time MMY shareholder with good info
) Monument Enters into Agreement for Sale of Mengapur Project in
Malaysia
MMY | 12 hours ago
VANCOUVER, British Columbia, Jan. 10, 2021 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“ Monument ” or the “ Company ”)
is pleased to announce that it has entered into a definitive Purchase
and Sale Agreement (the “ Definitive Agreement ”) dated January 8, 2021
with Fortress Minerals Limited (“ Fortress ”) to sell Fortress a 100%
interest in its Malaysian subsidiary, Monument Mengapur Sdn Bhd (“ MMSB ”),
which owns a 100% interest in the Mengapur Copper and Iron Project (the
“ Mengapur Project ”).
Cathy Zhai, President and CEO of the Company stated upon signing the
Definitive Agreement: “I am very pleased to announce the signing of the
Definitive Agreement for the Mengapur Project.
This is a part of our corporate restructuring that will spin off the
base metal project and allow us to focus on the development of our gold
portfolios in both Malaysia and Western Australia”.
Fortress is incorporated in Singapore and listed on the Singapore
Exchange (the “ SGX-ST ”) with its principal business in exploration,
mining and production.
Its primary iron ore operation is carried out in the state of
Terengganu, Malaysia, as one of the top iron ore operations within the
country.
Under the terms of the Definitive Agreement Fortress will, in
consideration for the shares of MMSB, pay the Company US$30,000,000 in
cash and grant Monument a royalty of 1.25% of gross revenue on all
products produced at the Mengapur Project (the “ Transaction ”).
Pursuant to a letter of intent signed on July 29, 2020 in relation to
the Transaction, Fortress made a US$3.75 million deposit
(the “ Deposit ”) to Monument under escrow to obtain exclusivity in
conducting due diligence in respect of the Mengapur Project.
The due diligence was completed on December 8, 2020 to Fortress’
satisfaction.
Upon signing of the Agreements, US$3 million of the Deposit shall be
released to Monument from escrow.
In addition, Fortress will pay Monument US$5.25 million held under
escrow immediately, taking the total escrow balance to US$6 million
(the “ Further Payment ”), which shall be released to Monument with the
final payment of US$21 million together upon closing.
The Further Payment may be released to Monument prior to closing should
Fortress request an earlier start-up of the civil work at the Mengapur
site.
The Deposit and the Further Payment are only refundable subject to
certain conditions in accordance with the terms of the Definitive
Agreement.
The Transaction is subject to Fortress shareholders’ approval, SGX-ST
approval, and other conditions set forth in the Definitive Agreement.
The closing date is expected to be three months from the date of
entering the Definitive Agreement.
The proceeds received shall be subject to a finder’s fee in the amount
of US$600,000.
The net proceeds from the Transaction shall be used for corporate and
gold projects development.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established
Canadian gold producer that operates the 100% owned
Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and is advancing
several exploration and development projects including;
The Mengapur Copper and Iron Project, in Pahang State of Malaysia, and
the Murchison Gold Projects;
comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area
of Western Australia.
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
https://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
News Releases: Monument Announces Closing of the Joint Venture
Arrangement for the Tuckanarra Project in Western Australia
December 24, 2020
View PDF
https://www.monumentmining.com/news-media/news/2020/monument-announces-closing-of-the-joint-venture-arrangement-for-the-tuckanarra-project-in-western-australia/
Vancouver, B.C., December 24, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” is pleased to announce that the Transaction
of the Joint Venture Arrangement with Odyssey Gold Ltd (ASX: ODY) has
closed, ODY now owns 80% of the Tuckanarra Gold Project (“Tuckanarra”)
leaving Monument with a 20% free carry interest.
Tuckanarra is located in the Murchison Goldfield. The JV arrangement
allows Tuckanarra exploration to be advanced right away;
and provides Monument the opportunity to have future ore produced by
ODY to be fed into the Burnakura gold processing plant.
At closing, Monument has received the first payment of AUD$2,000,000,
leaving AUD$2,000,000 cash payable due within 6 months.
A AUD$1,000,000 contingency cash payment may become payable within
36 months of completion of the acquisition, conditioned upon
the delineation of an independently assessed mineral resource in
accordance with the JORC Code (2012 Edition) of at least
100,000 ounces of gold at
a minimum resource grade of 1.55g/t
in relation to Tuckanarra Gold Project.
The cash proceeds will be used for Murchison Gold Projects development
and working capital.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1)
is an established Canadian gold producer that operates
the 100% owned Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and
is advancing several exploration and development projects
including;
the Mengapur Copper and Iron Project,
in Pahang State of Malaysia, and
the Murchison Gold Projects comprising Burnakura, Gabanintha and
Tuckanarra in the Murchison area of Western Australia.
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
http://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, ---- The Company does not undertake to
update any forward-looking statements, except in accordance with
applicable securities laws.
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is very undervalued and
oversold profitable Gold Mines producer -
Imo!
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1): Objective of Becoming a Mid-Tier Multiple Mines Gold Producer; Interview with Cathy Zhai, President and CEO
By Allen Alper Jr., President, Metals News Inc.
on 5/14/2019
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established
Canadian gold producer that owns and operates the Selinsing Gold Mine
in Malaysia.
The team of proven mine-builders is advancing a portfolio of exploration and development projects, including the Mengapur Copper-Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects in Western Australia, towards becoming a mid-tier multiple mines gold producer.
At PDAC2019, we learned from Cathy Zhai, President and CEO of Monument Mining, that the Selinsing Gold Mine has been producing for 10 years, for a total of about 280,000 ounces for gross revenue of more than $390 million, with an average cost of $476 per ounce.
After Monument completes the 53 million plant extension and mine development work, the mine will have an additional 6 years of mine life on sulfide materials, which is going to generate another $100 million cashflow.
Monument Mining Limited
Allen Alper Jr: This is Allen Alper Jr., President of Metals News, here at PDAC 2019, interviewing Cathy Zhai, President and CEO of Monument Mining Limited. Could you tell us at Metals News and our readers/investors a little bit more about yourself?
Cathy Zhai: My background is in accounting. I’ve been with Monument Mining for more than 10 years, since the beginning. I was a CFO to support the CEO, President.
Allen Alper Jr: Tell us a bit about Monument and your 10 years there. Obviously you've stuck with them and grown them, so.
Cathy Zhai: Yes, Monument acquired a Malaysia primary gold asset back in 2007. We spent two years to complete the mine development, and then we built out the plant, and put it into production in, I think, October 2009.
Since then, we produced gold for the past 10 years, for a total of about 280,000 ounces for gross revenue, of more than 390 million, with a cost per ounce, average of $476 dollars per ounce.
Allen Alper Jr: What does the current mine life look like?
Cathy Zhai: Well we pretty much ran out of the oxide materials. Now, we have just released a full history of what is a related study, with an additional life of mine, of six years on Sulfide materials. We should require about 53 million for the additional plant extension, including mine-development as well. We're expecting to generate a large cashflow from our operation, about 100 million with NPV 27 million.
Allen Alper Jr: Tell us a little bit about your share structure and insider investments.
Cathy Zhai: Well, we have a total of about 324 million shares outstanding. The majority of them are owned by private shareholders. We do not have a large institutional and management has about 5 million shares and 18.9 million in restricted share units.
Allen Alper Jr: What are your next steps now to bring more life to the mine?
Cathy Zhai: First of all, we want to put Selinsing Sulphide project into production. That requires some funding. Secondly, we have two other projects. One is in West Australia, our Murchison project. We have a resource of 380,000 ounces. It is a very large land position, with very good potential and underground potential as well. We're going to do more regional exploration. Locally, we want to increase our gold inventory. Then, be able to put it into production, generate a second cashflow. Another project is our copper and iron project in Malaysia. We published resources statements last year, in October. We have about 90 million tons of copper at an average grade of .47. I think the copper can be a pretty attractive project for Monument as the next step. We, most likely, can get a ten year tax holiday from the Malaysia government for that project.
Allen Alper Jr: Tell us a little bit about your Management team and their expertise.
Cathy Zhai: Our Management team has been very stable. We built up a core of people for the past 11 years, and most of them are still with us, at a senior level. I think our executives are more strategic and our operation team is more boots on the ground. Very good operators. Over the past 10 years, we have increased our technical capability. We can do lots of desktop study in-house. We have a pretty strong management team.
Allen Alper Jr: So, what do you view right now, as your largest challenge, and what are you doing to address it?
Cathy Zhai: Well, I think the challenge is pretty common in the mining industry, with the scarcity of a good quality gold inventory and having to mine sulfide materials and, or low-grade materials. The strength of Monument is our assets, major assets in Malaysia, very, very low cost compared to Canada and Australia. Also our team has done lots of research on how to treat the sulfide materials and our team is quite experienced and able to adapt and carry on the new technologies.
Allen Alper Jr: Is that going to increase the cost per ounce?
Cathy Zhai: It would increase some cost per ounce, but because Malaysia is a low cost country, compared to Australia or Canada, the cost is relatively low, our feasibility study shows the average cost per ounce is 864 dollars with gold price now about 1300. I think we’ll made some pretty good profits.
Allen Alper Jr: Now, are you going to need any additional permits for this?
Cathy Zhai: No. We don't have any permitting issues.
Allen Alper Jr: So, you're fully permitted. What do you think are the main reasons investors would want to look at Monument?
Cathy Zhai: I think number one is Monument has a very good operating team and management team, experienced, committed, enthusiastic, think out of the box. That's number one. Number two, our major assets in Malaysia have very low cost and their tax holidays. Some, say for the sulfide project, we can get capital tax allowance against the total investment.
We report 53 million as CAPEX. So the first profits, up to that amount, are tax-free. Also we have government support. We have local support and Malaysia has a very good British law system, mining law, and I think it's a very established country. Of course, there is corruption, but I think Malaysia is now moving in the right direction.
Allen Alper Jr: And, you have a lot of experience dealing in Malaysia.
Cathy Zhai: Yes, I do.
Allen Alper Jr: You have been in Malaysia, with Monument, for ten years.
Cathy Zhai: More than ten years. I started with Monument before it turned into a mining company in 2001 or 2002. Then we experienced two reverse takeovers, change of business and acquisitions, development and other department expansions. Lots of things happened in the past 11 years.
Allen Alper Jr: And, some people might not be familiar with mining in Malaysia. What have you done to make it more mining-friendly?
Cathy Zhai: Well, in general, Monument started from a junior mining company, but over the past eight years, we have become a leading-edge gold producer in Malaysia and we have established standards for Malaysia in the mining industry. So we're well-known. We get lots of support.
Allen Alper Jr: You feel you have de-risked anyone else's concerns for Malaysia?
Cathy Zhai: Well there will always be a risk. We always tell our investors, "If you are afraid of risk, don't invest in mining." Mining has challenges, which we are used to. But also that opens up opportunities.
Allen Alper Jr: Is there anything else you'd like to add?
Cathy Zhai: Monument, compared to other junior companies, is quite unique. Because, we are not an exploration company, and we're not a big, large gold-producing company. We're in the middle, but we have upside potential, with exploration, and we also generate cashflow. We're operators.
Allen Alper Jr: So now, the cashflow that you're producing, are you putting that back in?
Cathy Zhai: Yes, we generate about 370 or 90 million gross revenue, and with low cost, we re-invest all the money back into our gold portfolio in Australia, and also into copper and iron project in Malaysia. We're looking for sustainable production going forward.
Allen Alper Jr: So, by doing that, you've reduced the dilution of your stock, not having to issue financing in stock. Going forward, how are you planning to finance your next 25 million market cap for the land, without significantly diluting the stocks?
Cathy Zhai: We do not see equity as an option at the moment. We think the debt financing is more attractive to shareholders, without large dilution, but I think after we unlock the value in our assets, hopefully our share price can come up and we can return value to our shareholders.
Allen Alper Jr: Well, thank you very much for an excellent interview. I think this is a good, good company. Very exciting. What's your newsfeed looking like? When will we hear more about your progress? What are the next steps that are coming?
Monument Mining Limited
Cathy Zhai: In summary; we want to bring the Selinsing sulfide project into production as soon as possible. We're ready. The Team is ready. Whenever we get funding we can start immediately. It takes 12 months, a little bit more, than we can start off to generate revenue from the sulfide project.
Allen Alper Jr: So, you're looking at 2020?
Cathy Zhai: Yes, mid-2020, subject to financing. Next, we want to do our regional exploration in Murchison. Murchison has an existing processing plant already, a small one, 260,000 ton per annum. That is designed for processing high-grade gold inventory. In Murchison, we have underground potentials. We're going to do more deep-routing to find if there's a system we should replicate. Also, for the Mengapur, Mengapur used to be a large state-owned economic scale project. We have to divide up the resource, we want to find a finance partner to work together to unlock the value.
Allen Alper Jr: Thank you very much for a very interesting interview. We look forward to seeing you back in production strongly, second half of next year. Sounds very promising.
Cathy Zhai: Thank you, Allen for interviewing us at Monument Mining for Metals News. We appreciate it.
Allen Alper Jr: We’ll publish your press releases as they come out so our readers/investors can follow your progress.
https://www.monumentmining.com/
Richard Cushing,
MMY Vancouver
T: +1-604-638-1661 x102
rcushing@monumentmining.com
bigone thanks; RE:Mengapher Copper Porphryry.......Interesting article
These copper/gold /silver porphrys are much more important than i had
realized.
That impression was derived from low grades of these porphrys, but
research on recoveries shows about 90 % copper and about 65 % for gold.
Mengapher has 50.9 million tons of ore , containing 394,000 tons of
copper which is close to 900 million lbs.
It also contains 409,000 ounces of gold plus millions of ounces of
silver.
At 2 million tons per year, its mine life would be about 25 years.
What is also positive is that the overburden is magnetite rich in iron
ore.
Removal of this overburden can be expensive but with lots of magnetite
iron ore in the overburden soils which has been and can be profitably
sold, this process can carry on until the skarn rock is fully exposed,
with progits directed towards paying for the mill.
Mengpaher will need more drilling to upgrade the 43-101 categories to
measured from Indicated, but this too can be paid for by the sale of
magnetite soils.
I dont know what Monument might get for its 100 % owned Mangapher
project.
I would hope at least $40 million US up front and a 2-3 % NSR on future
production.
Contained in this would be 1.2 million tons of stockpiled magnetite
which should convert ,upon concentration and milling,to about 200,000
tons or so of 62 % iron fines valued at about $27 million US at current
iron ore prices.
by nozzpack (519) thanks good info
December 09, 2020 - 08:33 AM
Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new great discovery of plenty more gold ore to increase
the ore reserve with good drilling results to be mined many future years the weather is good no curtain needed -
) 
1,000th Gold Bar Pour Photo Gallery
) It's a great Mother ore start https://www.monumentmining.com/news-media/photo-gallery/
Market Cap $30 mil. - No Debt - someone has to be kidding
) is it the fact ???
What a Great Gold Mines bargain
) MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered
) Imo!
Selinsing Gold Mine
The Selinsing gold mine is an operating high-grade gold mine at Bukit Selinsing in Pahang State, Malaysia.
https://www.mining-technology.com/projects/selinsing-gold-mine/
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
VIEW PDF
https://www.monumentmining.com/news-media/news/
https://www.monumentmining.com
News Releases
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
View PDF
Gross Revenue of $5.92 Million and Cash Cost of US$923/Oz
Vancouver, B.C., November 16, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its first quarter
production and financial results for the three months ended
September 30, 2020.
All amounts are expressed in United States dollars (“US$”) unless
otherwise indicated (refer to www.sedar.com for full financial
results).
President and CEO Cathy Zhai commented:
“Fiscal 2021 started with new challenging as a global COVID-19
pandemic carried forward from fiscal 2020.
The Company has fully resumed its production in the first quarter
from eight-week’s mining ban at Selinsing in the first quarter,
the Selinsing Sulphide gold plant upgrade
is however still pending for financing.
“On the other hand, gold price surged to record high and
the gold mining sector was very active in Western Australia,
gold mining producers enjoyed high production margins, and
investment is flowing into that region for gold explorations.
The Company continues try hard to access to financing, and
it is very closely monitoring the market and looking for
divesting of base metal portfolio to
focus on primary gold assets, as well as
new corporate development opportunities
to lift up market value for the best
interest of its shareholders.”
First Quarter Highlights:
3,504 ounces (“oz”) of gold produced (Q1 2020:
4,852oz) with 3,100oz of gold sold for gross revenue of
$5.92 million (Q1 2020: 4,323oz of gold sold for
revenue of $6.34 million);
Gross margin of $3.06 million (Q1 2020: $2.65 million);
Average realized price per ounce, excluding prepaid gold sales, of
$1,909/oz (Q1 2020: $1,475/oz);
Cash cost per ounce of $923/oz (Q1 2020: $855/oz);
All-in sustaining costs per ounce (“AISC”) of $1,055/oz (Q1 2020:
$1,158/oz);
Peranggih grade control drilling after positive trial mining results
identified 58,662 tonnes at 0.93g/t Au materials;
Production resumed at Selinsing after lifting eight weeks mining ban in
last quarter during COVID-19 pandemic
Entering into a Tuckanarra JV arrangement with Odyssey subsequent to
the quarter opens corporate development opportunities in WA region.
First Quarter Production and Financial Highlights
https://www.monumentmining.com/news-media/news/2020/monument-reports-first-quarter-fiscal-2021-q1-2021-results/
Monument Mining (TSXV:MMY) Note...
RE:Substantial Increase in Gold ...Stage 1 open pit Peranghi
nozzpack @ sth. wrote:
Based on the 2017 GC drilling program which identified a high grade zone
measuring 150 m by 80 m in P North ( see Fig 1 in link below )
management estimated this this GC zone contained 20,000 to 30,000
ounces....see link to 2017 NR below.
The recently completed 5002 m GC drilling of this Zone elicited this
statement from management..
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted than
the initial assay results from 2017 GC drilling program
at the same area.
So in just this small zone, we now have
at least 31,000 to 47,000 ounces of
even higher grade gold within a lesser volume of ore.
I had earlier missed this implication .
They are now telling us that we have a significant new gold deposit
at Peranghi whose size will eventually describe
a substantially new oxide resource once P North and
the other 3 high grade zones are fully explored.
My earlier analyses of these 4 zones showed in
excess of 120,000 ounces.
This discovery completely alters the future perspective
for mining at Selinsing.....no rush
to fund Biox as we have new and
substantial sources of high grade oxides
for years to come
xxxxxxxxxxxxxxx
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be
extracted than the initial assay results
from 2017 GC drilling program at the same area.
A further GC drill program was planned;
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a;
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted
than the initial assay results from
2017 GC drilling program at the same area.
A further GC drill program was planned,
see fig 1 at this link
https://www.monumentmining.com/news-media/news/2020/monument-announces-trial-mining-results-at-peranggih-gold-prospect-in-malaysia/
https://www.monumentmining.com/news-media/news/2017/monument-announces-encouraging-results-from-recent-drilling-at-new-gold-field-peranggih-project/
The recent 2017 close spaced RAB drilling program
was carried out at an historic mining site to
test 150m strike length x 80m width of the mineralization.
This allowed the accurate identification of
several high grade gold (HG) zones surrounded
by a main low grade (LG) halo.
The significant drill intersections;
(Au >2.0 g/t & >5m length) within a more
consistent high grade gold area are presented in
Table 1.
The full set of drill results for the holes intercepting
this HG gold mineralization occurrence are listed in
Appendix A and Appendix B.
Previous activities plus more recent exploration works,
totaling 1,700m for 21 trenches, 2,900m of Diamond Drilling (DD) and
Reverse Circulation (RC) drilling for
35 drill holes, and 2,800m of close spaced RAB drilling
for approximately 300 drill holes (completed in 2017)
have been used to outline an exploration
target of 20,000 to 30,000 oz Au contained
within 1 to 2 Mt @ 0.3 to 2.0 g/t Au.
The potential tonnages and grades are con
Gold & Silver bulls starting to break out > ^ > ^ > ^
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
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
God Bless America
Ps.
opinion appreciated
TIA
My opinions are my own and and DD I post should be confirmed as unbiased
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