It's either going to be $1 or re-imbursement of SRT's expenditure to date - shareholders should be hoping for the former as the latter will probably mean an instant write-off in GRR's books in line with how they've treated the amount they've spent on their 70% interest.
As they need FIRB approval it won't happen this year.
Ann: Grange Re-acquires Interest in Southdown Magnetite Project, page-14
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