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Message: Phase II is comming

Phase II is comming

posted on Dec 16, 2009 10:57AM

Robert Baldock, President and CEO of Monument Mining states, "We are very pleased to announce the fast track completion of construction of Phase I of the Selinsing gold treatment plant, less than 28 months after the property acquisition. Phase I was completed on budget and Phase II is expected on target for completion by the end of December 2009 . This first gold pour is an event of great importance in the development and growth of the Company and is a testament to the experienced hard working team at Monument Mining." (Photographs of the first gold pour are available on the company's website at www.monumentmining.com in the photo gallery section).

Monument is 100 per cent unhedged and will be selling gold production into the market during a period of historically high gold prices to help fund Phase II construction .

With the planned commissioning of Phase II of the gold processing plant in December 2009 , the project will ramp up to the full circuit production capacity of 40,000 ounces per year .

This news should come every day and I expect this news to have great impact on sp, of course positive, this company has done everything right and sp should also be at much higher level, I hope for great Christmas Present, 0.52 is next big resistance...

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