Professional
Added to YB: 2024-11-15
Pitch date: 2024-11-06
MMY.V [bullish]
Monument Mining Limited
+286.21%
current return
Author Info
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Company Info
Monument Mining Limited engages in the production, exploration, and development of precious metals in Canada, Australia, and Malaysia.
Market Cap
CAD 251.0M
Pitch Price
CAD 0.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.25
P/E
6.62
EV/Sales
2.08
Sector
Metals and Mining
Category
value
Fairlight Alpha Fund Portfolio Holding: Monument Mining Limited
MMY.V: Junior gold miner trading at 3x fwd P/E (2.2x incl. cash). Low-cost producer (AISC $1,273/oz) benefiting from rising gold prices ($2,097/oz in Q3 2024). Profitability up 440% since 2018. No debt, restarting production. Market underestimating impact of high gold prices & increased production on future earnings.
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