It's a huge shame that Wolverine is shut down and being slowly flooded. I didn't realise how high the Zinc and silver grades were (see below). Huge Zinc/Ag grades along with a 750,000tpa full functioning processing plant.
If MNQ management is able to sign a JV toll treatment deal with Yukon Zinc, they should seriously consider re-opening this Wolverine mine and look into expanding the Zn/Ag resource. The grades are huge!
I'm genuinely surprised that Yukon Zinc were making a loss given how high the grades were. Operating expenses must have been extremely high for this underground mine.
MNQ Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held