Very true - Yukon Zinc was up to their neck in debt - over $550 million last checked - majority owing to their parent company in Xi'an, and ultimately were told to shut down
On the flip side, if a different company purchases the Wolverine asset in a fire sale, then the game completely changes with the debt being significantly lower.
As someone on this thread gave an example, similar to negative gearing vs positive gearing on a property
Right now, the Wolverine mine is flooding more and more - if the guys behind Yukon Zinc can make a decision in the short term, that will be the best for all.
MNQ Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held