Monument Mining Ltd - Also Own The Murchison Gold Mines Project and it is very valuable to be a great Gold producer soon ready for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has diverted our attention - including the phase 2 drilling program , but that should change soon.
Our Murchison Gold Project is a premium asset that could be brought to resume production once cash flows from the Selinsing Gold mine and it's ready begin again to fill our Gold coffers. :-))
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom . And literally a stone throw from our Burnakurra mill
.
Further , recent and historical drilling has shown that this rich basement lode under pit # 1 extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to 2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south . Do they also have grades like NOA#1 at depth and its a good possibility of it - :-))
We also discovered potentially new resources at the Junction and have yet to even scratch the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully operational mill of ours - :-))
Our 80 % partner ODY has made some truly amazing intersections at ourTuckanarra and they got a part option on this but they have to spend the money on drilling and current drill program should lead to a great Gold Feasabillity study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and 20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
Monument Mining - they also have added a sulphide mill and welcome - here is a - Gold Mines Producer undervalued and Imo. will do very well in the short & long time future -
Monument in International news…Production late January
Ex.gratia - Risk Averse Approach on How to become Wealthy Very Quickly Very simply, buy MMY about 10 cents.
Risk averse because... 1.....currently trading below cash and liquid investments
2...owns highly valued strategically located Australian Gold deposits proxy valued on its 20% ownership of ODY ( Odyssey Gold in ASX ...market cap $29 m ) at over $60 million
3....strong growth profile from resumption of gold production of 35000+ ounces from its Selinsing new Floatation plant......( Fair value estimated at $0.43 per share by recent analyst report
4...Recurring revenue from 1.25% Royalty from Mengapher poly metallic mines
5...Substantial position has been accumulating in the open market since 2019
6.Insider ownership in excess of 30% so management fully aligned with ordinary shareholders
7..Hard book value of $0.48 per share
8...Very low cash costs due to location and very low G&A operating costs
9...Substantial exploration upside already tangibly demonstrated from its exploration tenements surrounding its Selinsing mine
10...Showing all signs that it will be taken private soon , with fair value multiples of current share price.
$20,000 invested now by buying over 200,000 shares below $0.10 should get you at least $50,000 by exit 2023 on either its growing low cost gold production fundamentals and/or it being taken over or maybe go private at $0.25 or above? ••• Comment by romara on Feb 13, 2023 1:08pm This the main reason we are here.....It's all in para 7 7..Hard book value of $0.48 per share ..... Richard
Company Profile & Information (TSXV:MMY) Contact Information Address 1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6 Telephone +1 604 638-1661 Website http://www.monumentmining.com Fax +1 604 638-1663 Email info@monumentmining.com Details CEO Cathy Zhai
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