MM MMY.V Monument Mining Limited Loading... : Investor Sentiment and Bull/Bear Views

The author argues Monument Mining trades at a bafflingly low ~6x trailing P/E despite all-in sustaining costs of $853/oz for the three months ended June 2025 and $1037/oz for the quarter ended September 30, 2025, a 78% ROI versus spot. He contends that even without EPS growth, a peer-reasonable P/E of 30 would put the stock at $5.70 on $0.19/share, and that $0.40/share earnings at a modest P/E of 20 would peg the stock at $8 as gold deliveries catch up to higher prices. He has been long since $0.40 and added 10,000 shares at $1.20 ahead of the next reconciling cycle. The main stated risk is jurisdictional exposure to Malaysia, though he notes Canada-Malaysia relations are robust and the extraction technology is universally applicable.

The author argues Monument Mining trades at a bafflingly low ~6x trailing P/E despite all-in sustaining costs of $853/oz for the three months ended June 2025 and $1037/oz for the quarter ended September 30, 2025, a 78% ROI versus spot. He contends that even without EPS growth, a peer-reasonable P/E of 30 would put the stock at $5.70 on $0.19/share, and that $0.40/share earnings at a modest P/E of 20 would peg the stock at $8 as gold deliveries catch up to higher prices. He has been long since $0.40 and added 10,000 shares at $1.20 ahead of a further safe-haven leg up. The main stated risk is jurisdictional exposure to Malaysia, though he notes Canada-Malaysia relations are robust and the extraction technology is universally applicable.

The author argues Monument Mining trades at a bafflingly low ~6x trailing P/E despite all-in sustaining costs of $853/oz for the three months ended June 2025 and $1037/oz for the quarter ended September 30, 2025, implying roughly 65-80% margins versus spot gold. He contends that even without EPS growth, a peer-reasonable P/E of 30 would put the stock at $5.70 on $0.19/share, and that $0.40/share earnings at a modest P/E of 20 would peg the stock at $8 as gold deliveries catch up to higher prices. He has been long since $0.40 and added 10,000 shares at $1.20 ahead of a further safe-haven leg up. The main stated risk is jurisdictional exposure to Malaysia, though he notes Canada-Malaysia relations are robust and the extraction technology is universally applicable.

The author argues Monument Mining trades at a bafflingly low ~6x trailing P/E despite all-in sustaining costs of $853/oz for the three months ended June 2025 and $1037/oz for the quarter ended September 30, 2025, implying roughly 65-80% margins versus spot gold. He contends that even without EPS growth, a peer-reasonable P/E of 30 would put the stock at $5.70 on $0.19/share, and that $0.40/share earnings at a modest P/E of 20 would peg the stock at $8 as gold deliveries catch up to higher prices. He has been long since $0.40 and added 10,000 shares at $1.20 ahead of a further safe-haven leg up. The main stated risk is jurisdictional exposure to Malaysia, though he notes Canada-Malaysia relations are robust and the extraction technology is universally applicable.

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.