Thanks Shady. FEL is part of the Tony Sage stable and my view is that FEL does not have the cash to do anything. I would expect them to sell out and ask for royalties. Whether WGX would buy that is probable. AUR probably doesn't have the money either but they might based on a positive feasibility study of selling the gold.
But we will have to wait for further drilling and a JORC (usually expensive and time consuming) which is probably 18 months away if the results are positive.
Ann: High Grade Copper Hits at Forrest and Wodger, page-16
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