Ann: Advanced Fuels Project to be Developed at Cape Hardy, page-6

What do you mean?

IRD have effectively sold the project to AMP. total sale terms consist of
1. sale of land for 15mil
2. project milestone payment of 22mil
3. ongoing royalty stream if/when project comes to fruition

All of the above is subject to options, clauses and payments are staggered over years. If AMP pull out / decide the project isnt viable the IRD can buy back the land

Now its up to AMP to deliver the project. IRD are taking a back seat
"Iron Road confirms it will not be an equity participant or debt provider in Amp’s Advanced Fuels project"