RE:switching to a produceronetimer - (10/2/2017 10:01:23 AM) switching to a producer Soon 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
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Curious where you get your number from?
The mine has a couple of years left. Comes with a 5 million dollar cost if they close and the other property has no real value unless they drill and find better grades.
Even MQR CEO stated this was about buying the labour from RIC.