Home > Boards > US OTC > Mining/Resources > Monument Mining Ltd. (MMTMF)

$bigone thanks; Monument Resumes Mining this Weekend -

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 856
Posts 84,840
Boards Moderated 69
Alias Born 11/22/03
160x600 placeholder
NYBob Member Level  Sunday, 05/30/21 09:01:01 PM
Re: bigone post# 114
Post # of 157 
$bigone thanks; Monument Resumes Mining this Weekend -

Selinsing Gold Mine has been temporarily shut down for two weeks,
and the company plans to reopen on May 28, 2021.

Gold $5,000-$10,000 & Silver Even Better Returns; Guggenheim Partners
Global Chief Investment Officer and Chairman of Investments Scott Minerd,
nailed the call on BTC and is now saying Gold will rise exponentially
somewhere between $5,000-$10,000 & expects silver to outperform gold
on a % basis. He calls silver the "High Beta Version of Gold".

468 views•May 30, 2021



$Monetizing Selinsing Gold Mines Sulphide Gold by Floatation..Brilliant

Using the Feasability study financial metrics, by eliminating the
costly Biox plant ( an extra $32 million US )
we have reduced the AISC by $207 US per ounce,
exclusive of Biox financing costs.

Yet, using a 70% payability price for the sulphide concentrate,
the price received is now significantly above that
used as the reference POG for Biox capex.

We also do that without debt financing while accelerating
the production of our sulphide gold resources .

This will provide cash flows to bring 120,000 ounces
of Inferred Sulphides into the mineable category,
increasing mine life for the future -

The underground sulphide lodes beneath the Seiinsung and
BR pits have barely be touched by the drill bit.

Almost certainly , grades will increase with depth ,
which means that the mine life of
The Selinsing Sulphide gold resources;
have a mine life up to 10 years or more.

THE sulphide gold....

It is just beneath the floor of the current pits -

The sulphide is planned to be accessed directly
through the walls and floors of the current pits -

these rich gold lodes are much more extensive
underground than their eroded siblings above
the floor of the pits -
the concept of a super pit connecting -
all of the underground of 5 pits -
at Selinsing Gold Mines becomes reality -


3.14 KM2

1.80 KM2

15.86 KM2

129.50 KM2




$Monument Mining: Gold Focused Producer in WA and Malaysia, Implementing Value Created Strategy

Monument’s primary Selinsing Gold Mine in Malaysia and
Murchison Gold Project in Western Australia hold
total 1.2 million current gold resources of which over
0.5 million are measure and indicated over land tenue
of 410 sqkm.

Selinsing Gold Mine has produced 321,694 ounces for
$441.6 million in revenue and cash cost of $520 per ounce
in past 10 years through a 1M tpa capacity mill;
the mine has another 6 years of life of mine targeting
production in second quarter of 2022.

Murchison Gold Project has over 381,000 ounces of gold resources
with a 260,000 tpa mill well maintained and
a full functional camp.

An A$10 million two-year regional exploration plan is underway
to lift gold inventory and potentially establish
the Murchison a corner stone project.

Divesting of Mengapur base mental project in Malaysia allows
Monument to be re-rated at the rising gold market and
fund its value creation growth strategy including potential
acquisition of the high quality gold assets.


$MMTMF Gold continues to seesaw around the $1900 mark;
Citibank analysts see
silver at $40 over the next 12-months -

One thing for sure is the incredible amount of debt in the world.
Checkout these crazy numbers and you will see
how undervalued gold and silver are....

[yt]$Gold should be - $34,000 and silver-$4,700 an ounce -


$Monument Mining (TSXV:MMY) @ The Murchison Goldfield has yielded
approximately 35 million oz of gold to date and for MMY old &
new great gold mines Murchison still delivers significant
Gold discoveries -


125.6 KM2

43.4 KM2

63.6 KM2

These three old & new oxide mines ex...may delivering 25,000 to
50,000 ounces per pit to

The Monument's Modern Burnakura Gold Mill -

The new 3D geologic model has identified 30 of these shallow gold
projects at Burnakura and another 30 at Monuments
Gabanintha Old Gold Mines -

Beyond any doubt, some of those will be new oxide gold open pits
mining that can be very profitably mined -
AISC at or below $1000 per gold ounce -

We are going to have an excellent future at Murchison Gold Mines -
with more high grade modern drilling of the old gold mines area -

Murchison Old Gold Mine -

Gold in Western Australia was first identified in ore specimens from
the Murchison Gold and copper deposits after being assayed in Adelaide
in 1848.
During 1852-53, shepherds and early prospectors discovered rich
specimens of gold-bearing material.

Murchison district region were established, producing some exceptional
gold nugget discoveries.

$MMY should have no problem breaking thru the $0.50 level -
can't wait to the drill results begin to pour in to expose
Murchison the rich old gold mines country smile)

Additions to Investors Link on Website
plans for second source of cash flows from second safe mining
Jurisdiction -

$Each Jurisdiction has exploration upside above 1 million ounces..


Additions to Murchison Gold Mines Project..3D Model -

is interesting of ex. those two very large early exploration high
grade targets at the northern margin of -
Burnakura gold mines properties and at its southern margins -
also the two in between ones are large gold properties smile)
based on the 25 km scale.

The new 3D geology model demonstrates that;
Burnakura Gold mines exploration upside
are very large, even from new open pits mines -
and what MMY know from
its underground drilling explorations -


$bigone thanks; $Monthly BIG picture L@@K at $GOLD

proper TA schooled all the EXPERTS = REALITY smile)




$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 - smile)

$1,000th Gold Bar Pour Produced by MMY; Photo Gallery smile) It's a great Mother ore start;


$Market Cap $46 mil. - No Debt - someone has to be kidding smile)
is it the fact ???
What a Great Gold Mines bargain smile)

MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered smile)

$Selinsing Gold Mine

The Selinsing gold mine is an operating high-grade gold mine at Bukit
Selinsing in Pahang State, Malaysia.


Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020


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

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:

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


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


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



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 -



Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -


God Bless America
opinion appreciated

My opinions are my own and and DD I post should be confirmed as unbiased
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences