i was well aware of this when i got pev last november, and a lot more intrested in blackwood resources doing the j/v they did on this lease. and next to vale and
3 billion sounds pretty good, but for the most part its all royalties and 500 million in cash. but the % were are left with is still very very desirable and the share price wont be 2 cents when we come to BFS for this and other leases if sucessfull which im pretty confident in.
i think epc 1989 is the premium lease and is closest to the only asx listed stock doing serious work in south galiee basin , im talking about bandanna energy of course. this is one of the joint venture im waiting to hear about most.
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