Double Bottom alert, page-25

First 25 Last

Share
Profile

Follow
Master Burrows

3,538 Posts.

4

24/10/15

12:14

Post #: 16245457
Share

Originally posted by Io ↑

Now that Yukon Zinc have paid their creditors and the Yukon Government, the management of Yukon Zinc can concentrate on how they are going to secure funding to keep the Wolverine mine on care and maintenance. According to the last report from the Monitor PwC, Yukon Zinc only have enough funding to keep the Wolverine mine on care and maintenance until early 2016. I guess they could get more money out of China but that looks unlikely as the last lot of money Yukon Zinc got to pay their creditors was $2M less than they asked for so it seems getting funds out of China is difficult at the moment. Therefore, it's likely the management of Yukon Zinc are going to have to secure funding from elsewhere. MNQ have said on numerous times they are believe that the combination of Wolverine and Fyre Lake projects is the only viable long term solution. Bringing the two projects together should be a win - win. I assume our management is doing all they can to cut a deal with Yukon Zinc to get access to Wolverine. The other significant player in what happens from here is the Yukon Government as in a small place like the Yukon the loss of jobs from Wolverine is significant and the government will want to see Wolverine go back into production. If I was MNQ management I would be getting to Canada pretty quickly and staying there until they agree on a deal with Yukon Zinc for Wolverine. If MNQ can announce a deal giving them access to Wolverine they will be on the fast track to production and the market will then take notice of MNQ.

Expand

One reason I believe why this company is worth investing is how diligent management is.

If boxes get ticked as time progresses then this can provide multi baggers for investors that buy at current levels.

MNQ Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 3 more messages in this thread...

First 25 Last

Add MNQ (ASX) to my watchlist

Double Bottom alert, page-25

Top Stories

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Featured News