Ann: MRC notice to increase interest in Munglinup Project to 90%, page-3

It is well worth going through MRC's old announcements and their five-year plan for Munglinup/downstream processing.




The cost to move forward to 90% is only under $2mil AUD, which is extremely cheap for a project that has an NPV of US$111 mil ($172mil AUD)

Maybe Gold Terrace's issue is the limited amount of funds they will be granted due to the lower SP in MRC. It's only another 10mil shares $260k worth of shares payable to secure 100% in the project.

with FID expected by the end of the year, the drama between the dispute will be interesting to watch.