Shady, most of the HOR copper is oxides and SFR plant now treats...

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bmloho

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29/08/18

14:51

Post #: 35267540
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Originally posted by Shady Merv ↑

A business synergy in the air?

I get the same feeling with AUR. The trading there has been minimal of late, but has a hint of stability and assurance about it.

The Bryah Basin is home to 4 VHMS copper deposits - Horseshoe Lights (HOR), DeGrussa (SFR), Monty (SFR/tlm) and Red Bore (THX).

The 4 main explorers are SFR, AUR, BYH and HOR (sort of). SFR has farm-in deals with ENT, ALY and AUR (only part). SFR has the need to find more copper to feed its 6yo plant at DeGrussa. No-one else would build a new plant I reckon even if a major discovery were to be made. That copper would be processed at DeGrussa. A satellite facility could be set up if the copper is in the far west or north-west of the basin. HOR already has good copper numbers, and a mining licence I think. is that correct BMLO?

HOR's situation is therefore such that it should be in SFR's sights too.

MF's monopolistic holding in HOR and his 18% holding in AUR have him set up well for both HOR and AUR venturing with SFR down the track. I know that he is a sort of persona non grata person with the other main holders at AUR, but a very good business deal would surely bring all parties back together.

Sniff, sniff!!

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Shady, most of the HOR copper is oxides and SFR plant now treats sulphides.

Unless there is a sheet load more oxide ore in surrounding areas (wodger, big billy etc) It is highly unlikely they would retool the plant. Originally SFR treated oxides.

It looks like EGS has finally been sorted, MF and AS off the board. Investec debt moved to Hawkes.

It just a matter the size of the dilution now.

At least he may be able to refocus on the Bryah.

Cheers

HOR Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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Shady, most of the HOR copper is oxides and SFR plant now treats...

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