Monument Mining Ltd (MMY)

[NYBob]

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: [phone] x102 [e-mail]

“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

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