RAP is indeed a good tester for MNQ and paving the way for what could happen to MNQ. If MNQ can get to over $100M in 6-9 months life RAP did then we will all be very happy.
I suspect it will take a few months before we know how MNQ are going to dispose of their existing portfolio of tenements.
The big short term question for me is what are they going to do with the drawn down Magna facility? Management need to get Magna sorted out as the last thing we want is Magna feeding shares into the market over the next few months and capping the share price. We need some direction on this from management as soon as possible.
MNQ Price at posting:
1.4¢ Sentiment: None Disclosure: Held
