Although i do see a good alignment with an industry major, i am not seeing any cost savings.
The farm in for drilling, from what i have read, does not cover tenament outlays (est at $1m pa based on yilgarn trf). This cost sharing doesnt start till after the $1.2m drilling program, which occurs sometime over the next 4 years.
So the outlays continue with little revenue for 4 more years.
If others have a different pov happy to hear.
Ann: Farm-In and Joint Venture Agreement at Bresnahan, page-21
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