MNQ (ASX) Ann: Marg Scoping Study confirms potentially viable project

Originally posted by da_whippet ↑

ha - not sure I'm as positive as you guys think.

look i think this company has very good management team for a small cap. they do some innovative stuff like the social media and have got some good investors on board.

i think it can go somewhere but i just wish it was sooner. there are a few questions that i still have (see below). the market cap, the potential to grow and the low number of shares make it attractive to me.

questions/concerns

- if they were going to do a deal with Yukon Zinc why hasn't it been done already ?? and if Yukon where thinking about it why don't they just pay 10 mill now for MNQ. are yukon zinc that stubborn and just don't get it or are they generally not interested ??

- the Yukon is big (very big) and cold - difficult to prove up resources and mine - lots of hurdles here

- money to put in will be pretty big - feasibility studies themselves will need lots of cash - again every in a place like the Yukon will probably be at premium

- poor commodity prices and environment for mining juniors

So you can see I'm not that bullish

You're right that management have had enough time to get a deal with Yukon zinc and they need to progress things fast

As expected the scoping study did nothing for the company's share price - hohum

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Minquest's initial intention was to buy out the Wolverine Mine and all of its assets via execution of the APA. But it seemed during the whole process, Yukon Zinc did whatever they could to stop Minquest from doing so.

Below are affidavits from our MD in regard to the Wolverine saga:

http://www.pwc.com/ca/en/car/yukonzinc/assets/yukonzinc-172_092315.pdf

http://www.pwc.com/ca/en/car/yukonzinc/assets/yukonzinc-173_092315.pdf

Indeed, Yukon is very big and cold. But resources aren't that difficult to prove especially during spring and summer in the northern hemisphere. One thing to note about Marg is that its location is only 40km away from Keno city via winter road, there is also an airline strip at the Marg location, therefore infrastructure is very promising.

Commodity prices are low at this stage, but the entire market is a cycle & we know the trend will turn. That's why prominent investors such as Bob Healy are putting in their hard-earned in preparation for the market to rebound. Not a matter of if, but when.

With any feasibility study, no doubt cash is needed. I am really hoping that management will try to lock in a cornerstone investor to guide us towards the advanced stages of our copper projects.

Certainly a very brilliant idea for management to travel around Australia & drum up our projects to brokers via roadshows.