Ann: Marg Scoping Study confirms potentially viable project, page-17

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eagertolearn

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26/11/15

20:48

Post #: 16488430
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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

Expand

Yes they are that stubborn. Allot is to do with face. Would you be happy spending 100m on asset and seeing it be sold from under you for ten. Would it further infuriate you if it was from the same MD who sold you a lead zinc project in Australia that you subsequently found to be 'aggressively' resourced

MNQ Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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Ann: Marg Scoping Study confirms potentially viable project, page-17

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