Compare that to the Tasman deal. MC around 14M
1M minimum expenditure to be able to withdraw
4M expenditure to earn 51% interest
further 7M expenditure to earn 80% interest.
So a total of 11M to earn the 80%. That's significant cashflow for development.
*Disclosure do not hold Tasman
*Sentiment changed to sell to reflect actions today.
Ann: FMG Farm-In to Myall Creek Copper-Gold Project, page-7
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