FMG only need to spend $7m to move to 80% in their JV with TAS and who know could well be buying more up today on market.
CHK will (hopefully) one day move from 51% to 80%
The FMG announcement is significant and a good story in perseverance (VUD001-VUD017). 300m (from 1302m) and 200m (from about 1210m?) intervals with chalcopyrite and pyrite and thick zones of massive hematite breccia is encouraging.
But no mention of bornite yet and still a wait on the assays.
CHK has at least 51%, a shallower similar sized interval, signs of bornite and some core pics of massive chalcopyrite.
And (at last) assays out next week!
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FMG only need to spend $7m to move to 80% in their JV with TAS...
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