"free carried to production"... But with a caveat...
"(2) Subject to pro rata responsibility for capital cost overruns above, in some circumstances, an appropriate contingency during construction and costs associated with provision of any required completion security."
IMO that doesn't sound much like 'free carried' and the lack of defined terms/values is a big red flag for me. Quick glance it seems it has been tightened up somewhat. Surprise(altough not really) being that BBIG expect an equity partner to fund 100% for 50% equity and 3 of 4 PIOP Co board members from Flinders. Feels like a low risk junket for BBIG.
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"free carried to production"... But with a caveat..."(2) Subject...
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