OTCPK:MRQUF - Post by User
Post by
onetimeron Oct 02, 2017 10:01am
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Post# 26765869
switching to a producer
switching to a producerSoon as this deal closes, MQR will be a producer and not an explorer. With former COO of Richmont on board, they should be able to reduce costs . The advisory panel with 2 heavyweights on it will be great Over 3.4 million ounces that could be found. TOTAL Proven & Probable Reserves 162,790 Measured & Indicated Resources 1,764,934 Inferred Resources 1,671,403 * Transaction includes the Monique property which has historical resources of 107,500 tonnes at 4.88 g/t Au. 1 Source: Richmont 2016 annual report 2 Source: Monarques prefeasibility study (October 7, 2014) and resource estimate (November 6, 2015) 3 Source: MRB et Associs (January 2015