Is A Historic Bull Market In The Mining Shares About To Begin?
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evalustin ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
New flotation plant should be starting it`s dry runs in as little as 2 weeks .
I really hope they make some effort to keep us updated .
This is going to get pretty exciting .
Along wait but maybe we`re finally going to catch a break .
I think so .
Inflation is wicked now . It will be good for gold . That`s for a different post .
$In GOD We Trust - Real Money - AU Safety 6000yrs )
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
GOLD STANDARD; THE REAL LEGAL MONEY:
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