The bosses want Fe to become a gambling business a few years ago.
Cape Lambert (part owner of FEL) organised this copper-cobalt foray into the Democratic Republic of Congo. Will FEL need money to explore and exploit? Sure! But would it sell its 20% Bryah Basin holdings to help fund?
Hmm, interesting question.
FEL is free-carried until a decision to mine is made. That's quite a good position to be in. It can keep without expense!
Does AUR have a pre-emptive right should FEL want to sell?
AUR Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
