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.
