At these prices even the Directors may buy, page-7

A business synergy in the air?

I get the same feeling with AUR. The trading there has been minimal of late, but has a hint of stability and assurance about it.

The Bryah Basin is home to 4 VHMS copper deposits - Horseshoe Lights (HOR), DeGrussa (SFR), Monty (SFR/tlm) and Red Bore (THX).

The 4 main explorers are SFR, AUR, BYH and HOR (sort of). SFR has farm-in deals with ENT, ALY and AUR (only part). SFR has the need to find more copper to feed its 6yo plant at DeGrussa. No-one else would build a new plant I reckon even if a major discovery were to be made. That copper would be processed at DeGrussa. A satellite facility could be set up if the copper is in the far west or north-west of the basin. HOR already has good copper numbers, and a mining licence I think. is that correct BMLO?

HOR's situation is therefore such that it should be in SFR's sights too.

MF's monopolistic holding in HOR and his 18% holding in AUR have him set up well for both HOR and AUR venturing with SFR down the track. I know that he is a sort of persona non grata person with the other main holders at AUR, but a very good business deal would surely bring all parties back together.

Sniff, sniff!!