i think it is 800 million mate 8mill times 100 dollars unless my english is wrong. quoted directly from announcement
“FMG’s expectation is that their obligation to pay FDL a 1% freight on board (FOB)
royalty capped at 8 million tonnes of ore will now be fully met if a development of
either E47/1306 or E47/1016 goes ahead” FDL said.
this would infer that FDL's share i.e 1% is 8 million tonnes. based on that todays rise is justifiable and we should see mid teens tommorrow.
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worth over 10c based only on fmg royalty , page-7
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