Ann: Quarterly Activities Report, page-4

have asked this question a few times and never received a definitive answer but does anyone know how the Karara JV works?

My assumption is that the Chinese funded it at a loss for some time so have first right to recover all costs before GBG see any profits

either way continues as a 2.5c cash box assessing new opportunities with an investment in a significant Iron Ore mine Karara which I think the board should consider selling to JV partner for a decent cash amount