Personally i cannot see us longer term share holders recieveing any financial advantage from the disposal of Fyre Lake/Marg assets , forget about Coober Pedy !
To date mnq has only just met the minimal exploration ependiture requirements to advance from increasing ownership of Frye Lake currently 25% , A Further $3.5 million reqd in 2017 for 51% another $3.0 million to earn 70 % within 3 years 2018
Marg has almost the same expenditure commitmentments of $6.0 million,Who would want to buy these assets , they will more than likely given away for a song
Put it simple we havent got the money to advance these projects in this current mining cycle, My question who is going to benefit when these assets are disposed of estimated at $150 million ,
Enough for now otherwise ill blow a fuse i will post my thoughts on the (cr) app at a later date good luck to all long term holders
MNQ Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
