There is another valuation right now for this year and that is 1,5$ , even better, this stock is totally undervaluated, it looks that finally some recognize it, yesterday very good volume, mostly buying pressure, this stock should rise again, my target price short term is C$ 0,5 .

Last news was also great:

http://ca.news.finance.yahoo.com/s/20072009/41/f-filing-services-monument-commences-open-pit-mining-selinsing-gold-project.html

Monument Commences Open-Pit Mining at the Selinsing Gold Project

Vancouver, British Columbia CANADA, July 20, 2009 /FSC/ - Monument Mining Ltd. (MMY - TSX Venture, D7Q1 - FWB), ("Monument" or the "Company) is pleased to announce that Open-Pit mining at its Selinsing Gold Project commenced in early July, 2009 . The Company has been fast tracking the Selinsing Gold Project including construction of the gravity section of the gold treatment plant. This program will allow production from the Gravity Plant to take place within 27 months of acquisition of the project.

The Company acquired the greenfield Selinsing project located in Pahang State, Malaysia in June 2007. Since then it has permitted, designed, funded and commenced construction of a plant designed to process 1200 tonnes per day and aims to produce approximately 40,000 ounces of gold per year when the full plant is up and running.

Everything is going according to plan, MMY is also possible take over target, at this point there is really no problem to buy MMY shares, totally undervaluated, go for it!