AUR 0.00% 0.7¢ auris minerals limited

Ann: Wodger Drilling Update-Strong Visible Copper Mineralisation, page-24

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  1. 11,557 Posts.
    lightbulb Created with Sketch. 154
    That's true, it only applies to F-W-BB.

    This is from the WGX QAR just released"

    Progress towards the completion of refurbishment of the Fortnum process plant was also hampered by both electrical issues and wet weather impacting access. The plant is expected to commence wet commissioning by the end of April 2017. Capital expenditure at Fortnum during the quarter was $11.73 million.

    MLX did RNI a real favour in buying Fortnum, even if RNI had not had the debt problem with Taurus. How much money has it spent on it since acquisition in Oct 2015? Anyone know? $11.73m alone spent in the march Q, and still not operational. Phew!!!!

    WGX might just want to get as much new gold as it can so as to feed both Fortnum and Bluebird (near Chunderloo). Potentially, RNI has gold as a secondary product in all of its tenements, so maybe WGX could cut a deal with RNI to obtain gold rights for all of its tenements in exchange for WGX funding exploration in some way.

    Also, permit RNI to produce copper (IF) at Fortnum - a JV or a cost sharing!

    Food for thought I reckon.
 
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