MNQ 0.00% 0.0¢ minquest limited

Very true - Yukon Zinc was up to their neck in debt - over $550...

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  1. 3,538 Posts.
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    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.
 
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