MNQ 0.00% 0.0¢ minquest limited

TEN-FOLD increase in market cap..., page-4

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    Paying for it will be the problem, here are some of the more successful acquisitions from recent years, notice the price paid for them, $83 - $130 million, for 400koz - 500koz , then nst and oceania, sunk additional millions into drilling and studies to upgrade those resources to a point were justifying funding for mine was even possible.

    It not going to happen like you think, they can't raise that much capital and loans are not feasible they would need $80mil loan for acquisition $10mill for drilling and studies, then another $75mill to build a plant and start mining, handling that with no income for upto 2 years not going to happen.

    If they go into gold it will likely be they get some land and hope to get lucky spinning the drill.
 
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