$mick thanks; THE Mengapher copper & iron mine happen, the focus on unlocking the substantive gold value of our Murchison gold mines assets, the development of the floatation plant production and the entry into the refining concentrate sector...
Soon when these are successful, we have a $1 + + + stock here.... Well worth investing for..imo!
$Nice presentation; Monument Mining (TSXV:MMY)(MMTMF) Presentation and Factsheet;
$Monument Mining Ltd. (MMTMF) RE: $45 million cash in hand approx
That puts MMY at a .135 cent book value, cash only.
Our operational property and australian lands with mill have no value in our share price today.
This will have to change or some entity will take this company.
MMY needs to show the market its value.
We are 10 x under valued! by Rejean1
$Monument (MMTMF)(TSXV:MMY) announces sale of its Malyasian subsidiary Mining TSXV:MMY $47.70M
Simon Druker Markets Reporter simon.druker@themarketherald.ca 08 April 2021 16:00
Monument Mining Limited (MMY) has closed a transaction to sell its 100 per cent interest in Monument Mengapur, its Malaysian subsidiary
The company sold Monument Mengapur to Fortress Minerals Limited
Monument Mengapur owns the Mengapur Copper and Iron Project in its entirety
The Mengapur Project is located in Pahang State, approximately 75 kilometres northwest from Kuantan Monument Mining is unchanged on the day, with shares trading at C$0.12 at 1:10 pm ET
Monument Mining Limited (MMY) has closed a transaction to sell its entire 100 per cent interest in Monument Mengapur, its Malaysian subsidiary.
The company sold Monument Mengapur to Fortress Minerals Limited.
Monument Mengapur owns the Mengapur Copper and Iron Project in its entirety.
The Mengapur Project is located in Pahang State, approximately 75 kilometres northwest from Kuantan.
The sale of the Mengapur Project is part of Monument’s corporate restructuring to focus on the development of the company's gold projects in Malaysia and Western Australia.
Under the terms of the agreement, Monument received US$30 million cash consideration in full.
The deal also entitles Monument to a royalty of 1.25 per cent of gross revenue on all products produced at the Mengapur Project.
A finder’s fee of US$600,000 was paid out from the gross proceeds.
Proceeds from the transaction will be used for corporate and future gold project development.
Founded in 1997 and based in Vancouver, Monument Mining Limited is an established Canadian gold producer that operates the 100 per cent owned Selinsing Gold Mine in Malaysia.
Monument Mining is unchanged on the day, with shares trading at C$0.12 at 1:10 pm ET.
bigone thanks; Gold Price: Still on Track for $3,000, Another Shot Is Coming Says John Doody 37,911 views •Mar 24, 2021
SmallCapPower 5.72K subscribers In this interview at the PDAC 2020 convention, SmallCapPower spoke with Monument Mining Limited (TSXV:MMY) President and CEO Cathy Zhai.
$Monument Mining has been successfully producing gold in Malaysia for the past 10 years and now has a promising development project in Western Australia.
Find out more about Monument Mining’s plans for 2020 by watching our interview.
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.”
$MMY Heap Leach Production Potential of Murchison;
$Kentor has done a decent analysis of the heap leaching potential of the lower grade ores at Murchison.
As far as I know, we have the necessary heap leach equipment on hand at $Burnakura for 2 million tons per year.
I used to own GGD which heap leaches very low grade tailings .....less than 1 gm per ton Agglomeration was necessary, as recoveries were greater once the head grade ore was agglomerated with concrete. However, agglomeration seems to be not needed very much for Burnakura ore.
The other parameter is leach cycle time......the time required for the gold to be leached out of the ore once placed on the heap pad. I used 2 cycles per year.....ie about 150 days to maximize recovery of gold.
However, Kentor shows about 24 days which I think must mean something else , as that cycle is quite rapid.
So I use 2 cycles per year Of 500,000 tons of auriferous ore which means 1 million tons per year.
I will use an average of 0.9 gms per ton as head grade of the ore placed on the heap leach pads.
So, that means 900,000 grams of contained gold on the heap leach pads per year.
Recovery rates is about 90% for this grade of ore, so we end up recovering about 800,000 grams of gold per year, which divided by 31 gms per ounce means an annual production of about 25,000 ounces per year .
This is quite close to the 30,000 ounces recovered/ year by Indee gold which used this same leach equipment which was acquired by Kentor.
So, combining 40,000 ounces of high grade production from underground ore through the Burnakura mill @ 300,000 tons per year.....see my previous post..and 25,000 ounces of the lower grades from heap leach, we have about 65,000 ounces of production per year .
Heap leach is cheaper than milling for obvious reasons .
So an AISC of $1000 per ounce for the two combined production methods seems quite reasonable . @$1800 POG, we are excess cash flowing about $50 million per year .
Our neighbour free cash flows $80 million per year on 95,000 ounces .
This is good agreement . KRR trades at 5.5 times its free cash flow.
This would imply..but degraded 4,5 times , for lower production ..a fair value of about $225 million for our Murchison production, employing fully our current milling and heap leach facilities .
But, we have in addition , that rich gold copper resource at the Yagahong deposit of Gabathinia along with its other 6 pits none of which have been fully explored or the possibility of finding supergene ore.
So, our Murchison assets have superb value at current POG.
It's my analytical opinion, that the Greatest value of our Murchison assets would accrue to us shareholders by spinning it out to us as a new public listing, including the Tuckanara seed capital and JV , allocated perhaps 80% to shareholders and 20 % to our parent company.
Its a win win situation
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile )
Way undervalued and oversold - 5 bagger + + + + ? or more - 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;
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.
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.
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 > ^ > ^ > ^