Any chance they are sniffing here ?, page-2

Would love to say we can get this - but from the article it says the mine is valued at $43 million. I'd say there'd be many other cashed up resource producers waiting in line to purchase it. MNQ will need to take out a huge loan, and in my opinion, this will deemed too risky.

It seems to me now that the market has caught on to the possibility of POG creeping up even higher in the near future, the hunt for advanced gold projects will be much tougher. Vendors will be aware of the current bullish gold market and chances are they will want a huge premium for their gold assets.

Perhaps there are some alternatives for management to consider other than gold.

Lithium springs to mind. The demand for clean energy is here and rising. From what I heard, Tesla is keen to sign offtake agreements with upcoming lithium producers in North America.

There are still opportunities within the technology space, although concepts will need to be spot on to gain sound market attention. Management will need to negotiate hard for the shareholders and consider issuing more milestone shares than acquisition shares. That way, it gives more incentive for the startup vendor to succeed & it minimises dilution for current shareholders.

Looks like selling has now dried up. We await for some sort of news - hopefully in the near future.