Monument Mining is selling its Mengapur project for $30 million plus a 1.25 percent of revenue royalty.
The value of the deal exceeds the market capitalization. They have more projects and this deal could provide the bulk of capex for their Selinsing mine that could produce about 100,000 oz for 6 years.
Above 13 cents it should run. As I'm typing this, it is still selling for less than the value of the deal on TSVX (MMY) and OTCBB (MMTMF) and there is amply liquidity on OTCBB today.
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