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Ann: Update on Talga Project JV and Farm-In, page-7

  1. seventhseal
    1,356 Posts.
    lightbulb Created with Sketch. 488
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    23/03/22
    17:52
    Post #: 60376940
    Octavia have to spend $1mill over 2 years to earn 70% of this project and max out at 80% leaving FAU with 20%. Doesn't really imply a high value being placed on the asset by FAU. Really not sure how the market will react to this tomorrow. I guess for retail access to the IPO in Octavia is the main benefit.
    https://hotcopper.com.au/data/attachments/4198/4198388-83bea75f74fc594983a9355c1fa26b4e.jpg
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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