Myall Creek is 1,000's of km's away from Isa North and has zero to do with what I was talking about.
I don't need someone to educate me, you went off topic. But here's a breakdown to educate yourself a little.
FMG has Farm-in agreements with SER at Canobie and yes also at Myall Creek. The funding buys them part of the projects in exchange for expenditure.
FMG will own 80% of Myall Creek after spending $1.5M on the project over 5yrs which is nearly done as that agreement was made in 2019. Why would they buy SER shares if they already owned 80% of it!?
Ann: SER enters into Farm-in and JV Agreement with FMG at Canobie, page-34
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