u/slundon81

Author argues Monument Mining trades at a bafflingly low ~6x trailing P/E despite all-in sustaining costs of $853/oz in the quarter ended June 2025 and $1037/oz in the quarter ended September 30 2025, implying roughly 65-80% margins at spot gold. He contends that applying a peer-level P/E of 30 to $0.19/share earnings implies a $5.70 share price, and a modest P/E of 20 on $0.40/share earnings implies $8. The author has been long since $0.40 and added 10,000 shares at $1.20 ahead of a potential safe-haven leg up in gold. Main stated risk is the company's Malaysian jurisdiction, though he notes Canada-Malaysia relations are robust and not expected to change.