all going to plan, page-16

"That would give everybody a very good indication what the whole project is valued at according to VIL."

Meula - I think this figure would be meaningless as it would have been agreed prior to any drill. It is the promoters option to buy back in. If you notice VIL gave up 5% of 50%, GGP 2% of 20% and Pass 3% of 30%. So each JV member had to give up the same proportion of their stake to the promoter for a price that had been agreed prior to any drilling. So you can't really apply that price to the post-drill value of FP imo.