BeWary: It sounds like a non-starter. FLPC claim to have bought StockPile Reserves, but we won't know for how much until the Filings has been released. Plus Don Nicholson was the manager! Try to work it out!
I can't see this coming to much either, the costs would be astronomical against any return,
The best thing that could happen is that FLPC leases the Mine to a JV who's prepared to give it their best shot. That's after preliminary testing first to get some idea as to what's there, if anything, so it will cost the potential lessee a tidy sum to see if it's worth it. If it is, they could also pay Royalties to FLPC depending on the deal struck.
One assumes that the 1000 Tonnes of Ore came from Fencemaker, in which case they can hand it over to another company for testing. If this is the case, why haven't they done this earlier?
I reckon it's 99.9% not viable.
