FMG are worth $18B. They drop holes anywhere with even minor potential. It's part of the budget. Tas just happened to hold some land.
Type "FMG farm-in joint venture" to see the companies. Then have a look at historical share price of the companies FMG went into a JV with.
http://www.carawine.com.au/site/PDF...ionPatersonFarmInandJointVenturewithFortescue
Ann: Trading Halt, page-63
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