I think the only way of FCN getting some control back of Collurabbie is if BHP realises it is not the tier 1 asset that it wants. Also, there is some uncertainty regarding BHP's continuing interest in WA nickel. Hopefully, BHP will relinquish control back to FCN. Then a capital raising to fund an accellerated drilling program would be well supported.
BHP would probably want to hedge it's bets and relinquish control of Collurabbie in exchange for an interest in FCN. That would create some interest if both BHP and Xstrata were on the register with large holdings.
RBO Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
