Ann: Conditional Bid for Wolverine Zinc Mine, page-21

@zmans , given its location and Yukon Zinc's trouble in making profits with Wolverine, I highly doubt there will be other parties bidding seriously for this. MNQ is lucky that their Fyre Lake project is only 25km away from Wolverine, giving them first hand advantage.

If my hunch is true, then MNQ should be able to pick Wolverine up for peanuts. Maybe even less than $50 million, ie 10% of what the chinese spent on...

Hopefully MNQ will the ability to find a fund manager / bank to provide a loan for Wolverine and subsequently minimise equity dilution.