peterjdale - JK sold the Baal Gammon deposit to Monto for cash and MOO shares a few months ago so CQT were always going to be well positioned for action at Baal Gammon. Because Monto are expediting the process, it is good for them and us!
BUT- Monto have doubled their money on the Baal Gammon asset in just three months!?!?!?!? In Feb they paid CQT $1.5m (with another $1.5m payable on mining at Baal Gammon), and now in May they have sold the Baal Gammon asset for $6m plus a royalty, and they get to keep the Herberton asset for free!?!?!?!?
Great deal for them!?!?!?!?
BUT- why did CQT need a middle man to extract that value and leave $3m on the table as a fee? How come KZL was not approached to buy Baal Gammon direct from CQT?
The duck doesn't expect any answers, so I will FORGE ahead and make my own quacking conclusions.
peterjdale - JK sold the Baal Gammon deposit to Monto for cash...
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