So they purchased the project for $35 million AND plans to spend another $150 million in total for it.
They know its good quality stuff and now buying it at the bottom of the copper cycle.
It doesn't take a Rhodes Scholar to know MNQ is seriously undervalued given Fyre Lake has better grades than Kudz Ze Kayah and if things fall into place, we might have the opportunity to utilise Wolverine's 750000tpa processing plant.
MNQ Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held