Queenston Mining Inc QNMNF

What is Osisko really paying?

[Fastlane2]

Queenston is a Canadian mineral exploration and development company with a primary focus on its holdings in the historic Kirkland Lake gold camp comprising 230 km2 of prime exploration lands. The Company's assets include six 100%-owned gold deposits, all with NI 43-101 compliant mineral resources and ongoing exploration and development. The objective of the Company is to advance the flagship Upper Beaver project towards feasibility and production. The Upper Beaver project is progressing with Advanced Exploration leading to new shaft development in 2013. The Company is also very active in exploring and advancing the other five 100%-owned deposits that will provide additional feed for a central milling facility. The Company has working capital of approximately $100 million including cash and short-term investments of $75 million, no debt and is completing a fiscal 2012 budget for exploration of $25 million and $10 million for advanced exploration.

Any thoughts?

[bullsnip]

Why is management so anxious to close this deal with OSK, why not shop this around a little? What happens to the $100,00,000 in cash and investments QMI has on hand?Is that part of the deal, OSK pays $6 bucks a share for property and all the cash? Are you longtime shareholders happy with that?  Just saying it may be that this deal needs a little more thought.