Ann: Conditional Bid for Wolverine Zinc Mine, page-19

From what I know, the Wolverine Mine was unsuccessful due to the following reasons:

1) From late 2013 to 2014, Zinc prices were lower than expected

2) The soil quality at the Wolverine tenement was much tougher than anticipated, therefore extraction costs were considerably higher, thereby Yukon Zinc faced losses and ultimately adminstration


As previous MNQ presentation slides have suggested, the company's goal is to convert the Wolverine processing plant so that it becomes a copper producer, and it seems Fyre Lake has abundant copper resource to make all this achievable

MNQ is looking more and more like a near-term copper producer. Once Wolverine acquisition is confirmed (and I believe this will happen), I have no doubt MNQ's market cap will be considerably higher than the current $4 million.

Awaiting to see how this all unfolds.