market cap $3 million - with recent raising over $2 million, that leaves an EV of less than $1 million for Fyre Lake and Marg
whether or not we end up getting Wolverine doesn't matter - because Plan B has always been working out a toll treatment / leasing deal with Yukon Zinc - meaning the CAPEX for Fyre Lake copper production will be significantly reduced
In my opinion, MNQ's EV should be well over $10 million this Wolverine / toll treatment / lease saga - that should give a total market cap of around $12 million, or 6c per share with a current 200 million shares on issue
or a 4 bagger from current price
MNQ Price at posting:
1.5¢ Sentiment: None Disclosure: Held