A poster on FEL titillated my positive emotions the other day by saying this: '
No, FEL has other assets and one being very impressive 20% free carry in AUR which is doing a deal with sandfire and should be worth 10m cash'.
I responded by simply asking for more information. Although that poster has posted since, he has gone quiet on this story. I wonder why he would say that! Made it up? Heard a whisper?
The query for me is that FEL has no interest in Doolgunna. It's 100% AUR. Therefore, if there were to be a deal between AUR and SFR on Doolgunna, then FEL would not be a beneficiary of that. However, and as can be seen on this AUR map (my markings), FEL would be a direct beneficiary if any of its 20%-held tenements were involved in any deal with SFR. Morcks Well would be favourite as it borders SFR in parts and AUR has said that for the next 3 to 6 months it is going to concentrate on the Cashmans Project and the Forrest Project.
