clarification please, page-4

Yeah no worries...I still haven't got my head around the JV's

In most their announcements they just refer to it as the Hawson's Iron project...and what I can't understand is they were always confident of the 1 Bt resource with the BMG JV. Now that EL6979 gets included I'm thinking the 1 Bt mark will get smashed.

But then I kind of suspect that some backroom deals have being made...I was always curious as to why PER walked away...but given that the JV with BMG is going to look more robust with the inclusion of EL6979, the liklihood of the project going forward increases and the payday for PER is the 1.5% net smelter return.

Still trying to get my head around it