I get how JV's work, no two are the same and both sides will always claim win / win
Three things stand out;
- Tom Ullrich said of Aston Bay "we're looking for that big hit, we're a discovery player"... sounds like the Storm project fits the bill so why only keep 20% of it?
- Aston are on their third JV for Storm after the previous two were terminated by their partners including BHP.
- Tom Ullrich knows Storm and the local players in the mining industry better than anyone, and that counts.
So Aston probably think Storm is okay but prefer to explore elsewhere.
AW1 General Chat, page-2460
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