A Joint Venture with Global Energy Metals to Explore Werner's Bay and the Option
Agreement of 30% or 70% explains it all. For 30% option Marquee must incur expense
of $1 Million within 1 year and a further$1.5 million in second year to control 70% of the
project. So the money in the capital raising (cr not confirmed) appears ok . So let's hope
the drilling does in fact confirm a resource to justify spending more and to authenticate
buying Werner's Bay in the first place. We can then spend the $1.5M with confidence
knowing Marquee will come up with a 2012 JORC Australian Standard and hopefully
double Cobalt in the ground at the completion of the work . Lets hope the purchase of the
Cobalt sights has been done with knowledge that the documentation is very trustworthy
and that the (First ) round of drilling will confirm this .
MQR Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
