FMG don't appear to have any obligations to commit a single cent unless CAZ are successful in obtaining the tenements. If the CAZ attempts to usurp RIO's position don't come off FMG have lost nothing, meanwhile if they do come off FMG have got themselves a resource currently held by a competitor pretty cheaply. Given it is virtually a no risk strategy for FMG I don't know that they would have felt any need to invest in a lot of research regarding where RIO are up to with work.
Don't forget CAZ had similar agreements with BHP regarding Shovelanna.
CAZ Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
