OTCPK:MRQUF - Post by User
Comment by
geosan0on Jan 26, 2018 1:21am
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Post# 27438189
RE:RE:Mqr
RE:RE:MqrI would like to address something that is constantly being cited on this thread by factRbest that requires clarification "Wesamac is not economic and that is based on a PEA done by the previous owner". The PEA is readily available and can be consulted by everyone on SEDAR and it was not economic based on a gold price of $1,300 US and an exchange ratio of $1.00 US - $1.04 CDN. That same PEA goes on to say that at $1,600 US gold, the project has a positive NPV of $197 million. Using the same exchange rate in the PEA, that translates into a CDN gold equivalent price per ounce of $1,664.
I encourage all on this thread to check the current gold price in CDN$. ($1,669 per ounce based on yesterday's closing price).
I personally like the optionality of this project in light of what MQR paid for it. Only time will tell.
Good luck to all the long term holders of MQR.