Summary
- Monument Mining Limited is a promising junior gold miner with significant profit potential due to rising gold prices and low production costs.
- The company’s profitability has surged by 440% since 2018, driven by increased gold prices and efficient cost management.
- Monument’s forward valuation is attractive at 3x earnings, with no debt and strong cash flow generation expected from full production.
- The market is underestimating the impact of rising gold prices and increased production, presenting a compelling investment opportunity.
The following segment was excerpted from this fund letter.
We recently discussed a new idea for us in a new sector, Monument Mining Limited (TSXV:MMY:CA). Gold has been rising in price for over 8 years now, with an
A Value-Focused Alternative Asset Manager based in Greenwich, CT.
