Well apart from a free carried J/V might as well release us with cash to progress and oddly enough on my hot copper app the Australian government is going to spend up big on building new clean burning coal fired power stations with Australian coal amongst the cleanest and best in the world ? for power generation in northern Australia and odd in that they export so much gas.
Might aswell build some iron ore steel proccessing mills aswell otherwise someone else will as has been done to get a better return on on all that iron ore you export.
The radio hill deal will also include the earned in tennement within PLS boundaries for base metals
There's also International coal next door to FXR with a proven third of FXR proven resource and Gina Rhinehart a major shareholder in International coal IXC now trading as VPC
AVR are just getting warmed up finding more nickel 300 meters away and open from the Radio hill mill with a DHEM result in about 2 weeks time with additional cobalt in there which is going to replace tantalum in circuit boards and used in lithium engine start batteries along with there own gold tenements and new management also on the board of REM
FXR also owns 20% of jungle creek gold tennement (where cobalt could also be a byproduct) with Terry Streeter owning the other 80% who also brought the unmarktable FXR shares at 5 cents and it would be nice to see the
share price back at five cents plus again and relisted
FXR Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held