Gold Mining Stocks (XAU): $Monument Mining Ltd; Dry Commissioning...

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NYBob

Re: NYBob post# 539

Saturday, 01/21/2023 3:17:20 AM

Saturday, January 21, 2023 3:17:20 AM

$Monument Mining Ltd; Dry Commissioning Done..

The pictures on the Website shows dry commissioning of the Floatation Plant.
That should not have taken any more than a week.

The Corporate Presentation States that construction of the FP was completed in December ,
after which dry commissioning , then beginning ramp up of concentrate production in late
December .

So, from all of that it's my conclusion that for once, their time schedule is finally on track.

I keep buying.
Those who have trade station data will now see that the bids are now beginning to stiffen
up at a level that I had not seen in several years .

If so, much as others like Wayne on this Board have said, once production begins , then we shall see the share price respond.

Its happening as we speak.

By nozzpack (1617)
January 19, 2023 - 02:17 PM

A powerful Golden Cross is occurring in gold, with its 50dma crossing back above its 200dma from below!
This is one of the most-effective and most-bullish indicators in all of technical analysis, arguing this young
gold upleg is only getting started. More importantly, gold's supply-and-demand fundamentals align with and
corroborate this rosy outlook.
Impressively the great majority of usual gold-upleg-driving buying remains!

Major gold uplegs are fueled by three progressively-larger stages, with the latter two ignited by preceding ones.
Uplegs are born and initially driven by gold-futures speculators buying to cover short-side trades.
That soon gives way to bigger spec gold-futures long buying, which really accelerates gold's gains.
They ultimately grow big enough to entice investors to return with their vast pools of capital,
supercharging gold uplegs.

Monument Mining MMY 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

https://www.monumentmining.com

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