Fox has exhausted all exploration options. If it mines again it will be making losses again. Why don't you believe me? It has nothing!!!!
An offtake? Of what? Not even 1% of ore in a tonne? What a joke.
They would be much better off with management and all staff going out with some metal detectors and hats looking for gold. (previously announced to the market 27 Oct 2009 that prospectors have found 1,000 ounces in the area)
1,000 ounces at say $1,650 an ounce is $1.65m. Discover a 1,000 ounces every month and that's $20m a year with very little capital cost and using existing staff
Of course this wouldn't be feasible. It's all too hard.
:) Nic
FXR Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held