Tiny Tiny Market Cap, page-5

I don't believe Yukon Zinc will just sit there.  For the foreseeable future they wont be operating the mine with any of their own reserve of zinc.  So i doubt they would prefer that option.  Now they appear to have paid the affected creditors bankruptcy restrictions can be lifted i would presume allowing more aggressive conversations with MNQ, and an opportunity for Yukon to earn revenue to pay off the recent payouts they had to make.

MNQ have a resource they want to produce and mine so i dont think it is going to be too hard to strike a JV deal since it is a win win for both parties.  MNQ dont have to pay out creditors can still get access to the mine and hence save CAPEX and time to build, i think it is a win win situation for both parties.

I have been following the updates on the PWC website http://www.pwc.com/ca/en/services/insolvency-assignments/yukonzinc.html

I find it brief the update description they made regarding the received funds and payout of affected creditors.  Given it is a formal court process i think the Monitor would need to provide some more detail regarding how much money they received , not to mention there was more than just the obligation to affected creditors, there was unaffected creditors in the form of the Yukon govt owed $3.7M and the obligation of Yukon Zinc to pay for costs associated with care and maintenance of the Wolverine mine (in the event they don't do a deal with MNQ to produce).  The PWC update fails to detail what the status of these obligations are, i think the Monitor would need to publish this detail as part of the proceedings of a bankruptcy case.

I think a win win arises if  MNQ can strike a deal with Yukon Zinc, both parties will earn revenue!! and for MNQ if this happens my thoughts a big re rate as it turns into a producer.