Without Faith It Is Impossible To Please Father GOD . JESUS Prayers Blessing; DR. SHERRI TENPENNY: TSUNAMI OF REGRET!! “MILLIONS ARE GOING TO DIE” “2.1 BILLION SERIOUSLY INJURED”
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.
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.
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