FEL uses the words 'decision to mine'. This is an extract from...

FEL uses the words 'decision to mine'.

This is an extract from FEL's June QAR:


Here is the link to the full RAQ - https://hotcopper.com.au/threads/ann-quarterly-activities-and-cashflow-report.3570201/#post-26116077. There is more info here about Wodger etc and Morcks Well, so worth a geek.

What the deal with WGX shows us that WGX will be financially involved in any mining, if there was enough gold to support that I suppose. There would have to be a JORC first of both copper and gold (assuming a discovery of note of course) and then it would become clear as to how the mining with costings and sharing should work. I would expect though that AUR would manage the mining (new ball game there) and WGX would pay its fair share. How that would really work I don't know, but let's worry about that later.

How would the minerals be separated and where? WGX might become involved with that. FEL would be a bystander in all of this I reckon.

However, whatever the situation, AUR and WGX will have to work together. Interesting! WGX is a 100% goldie. It exists just for gold.

All gold to Fortnum, but copper to ?????? Could the ?????? be Horseshoe Lights?

All of the above re mining is speculative of course as nothing decent has been discovered as yet, or has there?

Mamas and the Papas

Monday, Monday
So good to me.
Monday, Monday
It was all I hoped it would be....