Reading through a few previous announcements on Fyre Lake and Marg, both are located on the Yukon Territory of Canada and now acquired by MNQ - I noticed the following important point
View attachment 58955
That's
700,000 tonnes of contained copper at 3% CuEq! !! There certainly aren't many advanced copper projects with a Copper Equivalent of this calibre.
If we compare this to the quality of Sandfire's flagship DeGrussa copper-gold mine:
From SFR's latest presentation:
View attachment 58956
That's a total of
544,000 tonnes of contained copper @ approx 5% CuEq.
DeGrussa certainly has a higher Copper Equivalent, but they have less contained copper than MNQ's Fyre Lake / Marg.
And of course, DeGrussa is already in production whereas MNQ are at least 3 years from production.
Yet Sandfire has a $676 million market cap, while MNQ is trading at only $3 million!!!
Pretty obvious MNQ is severely undervalued and a re-rate is imminent.
Especially when MNQ has a non-exec director thats also director of Patto's
I foresee happy times ahead
above IMO only
