I also assume that is why they got these. the acquition is then...

I also assume that is why they got these. the acquition is then subject to IRR or NPV which is arguably not achieved.

FDR can probably just do an internal model and argue IRR or NPV is hurdles are met.

Share price certainly at all-time lows doesn't reflect it



For the purposes of this paragraph 2(c), a discovery, farmout or transaction will be considered material and a Milestone achieved if it:iv.v.creates value net to the Company of at least A$4.0 million through recovery of back costs, cash payments, estimated net partner expenditure (other than drilling expenditure);or has a Net Present Value (NPV) (with a 10% discount rate) net to the Company of at leastA$9.45 million and has an Internal Rate of Return (IRR) of at least 20%,except that in circumstances where the value created by a single discovery, farmout or transaction results in a doubling of the Value Creation Targets (as determined by (iv) or (v)above), two Milestones will be considered achieved such that two sixths of the holder’s Performance Rights will vest.