From my mate
Interesting – smart woman – so she is going to oven 70% - guess that means we end up owning 17.5% and Haw 12.5% so not too far below the 19% I had assumed. Brings the base case val down to about 20 cents and – maybe a little higher if no further shares are issued. Funny how sensitive information like that is not in the ASX release yesterday.
Ik
Ann: Mt Bevan Magnetite Joint Venture Completion of PFS, page-8
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