Ann: JP Equity Partners Investor Briefing 'Going Nuclear', page-13

No this isn't the case
He might have acquired $11m off the Japanese which is great however the total goes back a decade and is on many doc's and announcements quoting $39,600,000.00 for 35% of Lake Maitland stand alone.
If they combine the other two area's with Lake maitland which they have proposed to do it would obviously open up a renegotiation with the Japanese then $50m would look plausible but if this is the case it hasn't been advertised to the share holders through an announcement as yet.
Maybe it will happen but the fact is on this current announcement it shows two different figures with no explanation.