FAS only have around $6mill. Merger is very unlikely. GWR could raise much more and very quickly. Iron ore giant will look to take over a percentage of GWR. As with all players the resource must be calculated to achieve the ultimate price. GWR have raised enough recently even without a public offer to speed up their drilling to get a JORC compliant resource calculated ASAP. 3 drill rigs going, some players are finding it hard to get a rig.
