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westaussie

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01/12/16

10:57

Post #: 21021548
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Originally posted by Shady Merv ↑

Well, what would you do rorter if you were SFR?

I know what I would do, and that is to let THX spend its shareholders' money doing the hard yards - and that in fact is what is has done. Watch and wait!

SFR wins either way. If THX happened/s to strike minable copper then SFR would buy it or do a deal (there is no-one else to take it), with the copper in either case going through the DeG plant. Both SFR and THX win that way. However, if THX can't find minable copper, then SFR wins by being able to piggy-back on THX's work. It would all be useful one way or the other. I think though that THX has just about given up on Red Bore, so the site might become available quite soon and also quite cheaply to SFR, if it wants it that is. Bill Richmond (as part owner) though, might have a say in what happens.

Remember too that Red Bore is only 2 sq kilometres. Also note that it has already yielded a VHMS copper deposit at and near the surface (too small to be useful though), so maybe that's it!!

All that said, I reckon that SFR would one day like to own RB as it is in the way.

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Shady, turn the idea around.

SFR are looking very hard for the extension to Conductor 5 and exploring along the western boundary of Red Bore. They will need extra ore to keep the plant going.

All THX have to do is keep the yearly commitment up and wait.

Let SFR spend the money. The same in the ENT JV area.. THX are a big holder in that area. Let SFR do the work. Some thing in the long run will play out.

It's not if THX only have the Red Bore area, they are now big in gold close to MLX - Westgold. That's where they will concentrate while waiting to see what p,Aus out at Doolguna.

SFR Price at posting: $5.90 Sentiment: None Disclosure: Not Held
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