My first guess was that
CHN would buy Warego North from MEI however I have looked at MEI's other projects and come up with another theory.
My best guess now is that TopTung (TTW) will acquire Midrim from MEI.
My speculative guess is based on this:
1) TTW acquired recently a project in Belleterre, Quebec from
Zues Minerals Limited which had 63sq km of Cu-Ni-Co-PGE exploration permits and historic data in the Belleterre-Angliers Greenstone Belt. The article linked above says TTW paid $1.75m in shares and cash. They have since
started drilling and got some awesome results.
2) MEI has 200sq km of exploration permits, maiden drill results and its own historic data (the data alone "valued at $5m" pretty pics and info from
page 11 of MEI's recent annual report below) at Midrim. Midrim is also on the Belleterre-Angliers Greenstone Belt.
3) TTW went into halt on 13 November 2018 (
then voluntary suspension on 15 November 2018) for purposes of
a material acquisition.
4) MEI
went into halt today for
disposal of an asset.
5) Seems to me that TTW would fall over itself to expand its project area, get MEI's historic data and successfully drilled tenements. TTW has about $3.5m cash on hand and has, in the recent past, issued shares to pay for acquisitions in conjunction with cash.
What do you think? Am I on the money here?
