RE:That other companySignal...Not a chance ...too risky and low grade .
Economic logic is that Mae will be bought out by Firefly or NFG.
Firefly needs our gold resources which at current POG can generate $1.5 billion in revenues from HD and its satellite resources over the next 5-6 years to derisk copper price cycles ( 80,000 ounces over 6 years times $3200 CAD per ounce plus new discoveries ) , Early cash flow from HD, plus copper potential , Point Rousse facilities including the Pine Cove and Nugget Pond Mills, tailings ponds , etc where it will consolidate its mining and processing facilities for the Ming mine plus they need a TSX listing as their mining operations are entirely within Canada and especially for fund raising for the Red Lake gold deposit which is a gem, ..2.8 m ounces at 7.2 grams per ton 75% of which is open pittable and tolling revenues from NFG..
NFG has to have exclusive use of the Pine Cove mill, if QW can begin early production as it will take 6-7 years and lots of cash to build its own mine.
This can be achieved by tolling but a takeover gives its the extra $1.5 billion in revenues from the HD mine and contributions from the sattelite deposits like Orion and Stoger plus a dedicated exploration arm ( Mae ) for QWN and QWS.
POG is going much higher.
Early birds always gets the fattest worms .
Takeovers will accelerate ......Gold Hunter by Firefly and Kingsway by NFG already ...and it could happen at any time .
We are highly desired and perfectly positioned with our processing , distribution , young miner development program and polymetallic assets.
GLTA