IMO the rabbit could only be another asset which is good enough to raise a chunk of capital and start again. Or left field would be a T/O from MDF. Unfortunately, they have painted themselves into a corner with the current project. They have spent well over $10m and achieved some nice drill results BUT no maiden resource and no equity in the project and now no money. To deal with a 3rd party on the current asset they would need to transfer the agreement or exercise the option for several more million. If the other party covered the exercise and funded exploration eg earn-in, FXG will only end up with a fraction of the project and still have the outstanding loan to deal with. I thought the plan was to raise a decent amount of capital last April and drive for a MRE. Wheels fell off right there...
FXG Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
