Ann: Mining Agreement to Recommence Gold Production at Menzies, page-25

Maybe not dead however if you read the reserve statement they put out mid last year Selkirk has 3000 odd minable OZs. Even if they drill it out and increase by 100% that still only 6000 OZ. Total revenue @ 95% recovery and $2500 GP is $14M odd. Assuming they could achieve a $800 margin that still only gives $2.2M to KWR. Thats is also being extremely generous and does not account for further drilling, permitting costs, studies, site infrastructure, dewatering etc etc. And thats at 6000 OZ currently the reserve is at 3000 ish.

The big issue is also milling given that Lakewood has been sold. They may not be able to get any milling

Anyone expecting significant cashflow from MGP anytime soon is in for a lot of disappointment