MNQ 0.00% 0.0¢ minquest limited

Doubt it DW, volume has steadily increased over the last near on...

  1. 14,564 Posts.
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    Doubt it DW, volume has steadily increased over the last near on week and I think both investors and traders are getting set. Given the Court hearings are now finalised and MNQ are free to approach JDC I suspect people are pre empting that MNQ will do a deal with the Chinese. Too me it sounds like the Chinese are running out of $$$ to maintain Wolverine and hence MNQ with 2 good resources can ensure mine/ production for at least 10-15 years.

    From the last Q:

    "PwC, the Monitor of the Yukon Zinc CCAA process, has highlighted that Yukon Zinc
    are C$2M under funded and that Yukon Zinc may emerge from the CCAA process
    and soon thereafter may be unable to fund its ongoing operations.
    Ø MinQuest’s opinion is that for a viable long term operation to be sustained at
    Wolverine, an integrated project combining the copper mineral resource on the Fyre
    Lake project and the remaining zinc mineral resources at Wolverine is required.
    MinQuest continues to explore several options to bring about this combined project"
 
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