MNQ 0.00% 0.0¢ minquest limited

Cash flow from a Fyre Lake sale

  1. 3,538 Posts.
    lightbulb Created with Sketch. 4
    Researched this back in Nov 15 - thought I'd bring this up again

    Fyre Lake located ~25km south of KZK. If BMC is indeed interested in Fyre Lake purchase - then we'll see some additional cash for MNQ / ePAT

    http://www.petroleumnews.com/pntruncate/875728263.shtml

    In January 2015, London-based BMC (UK) Ltd. bought the Kudz Ze Kayah and Pelly base metals projects, KZK for short, from Teck Resources Ltd.

    Formed in 2014 as a partnership between management and Barclays Natural Resource Investments Inc., BMC is scouring the globe for base metals deposits, especially those dominated by zinc and have the potential for near-term development.

    The company considers Yukon the best place to look for such an asset and KZK as its flagship property.
    “We believe that KZK is a quality asset that suits our business model perfectly,” said BMC CEO Scott Donaldson.
    This year, the company is carrying out a C$15 million program focused on expanding the historical resource at Kudz Ze Kayah and bringing it up to NI 43-101-compliant standards ahead of a pre-feasibility study planned for 2016."


    Screen Shot 2016-05-09 at 9.42.39 AM.png
 
watchlist Created with Sketch. Add MNQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.