Agree on all here but logic would suggest that once funding sorted they will make a move on what they have identified. Think long term strategy is exactly that to mine their own ground but there are higher priorities in short term. "more advanced exploration and mining licenses and operations have become more attractively priced and available for the Company to consider as viable acquisitions."
My view is these exploration leases they had already executed a heads of agreement over were also complications in the ASX relisting process they are trying to achieve and if they focus purely on at hand material around ore purchase agreements it is a simpler process with a 12 month outlook around these ore agreements that can satisfy relisting. The fact the current tenements aren't worth as much now is the final nail in that heads of agreement. WFE will have to pay reasonable costs from the $500k USD held over but it's well worth pulling the pin on this. We will find out what those costs are after negotiations finish.
An announcement with new exploration leases or even better properties with identified resource would serve nicely a few weeks after relisting (if/when they do satisfy relisting process).
