The $20m you quote includes many different royalties,including state ones. The intimation is,FML is going to move away from heavily royaltied areas,leaving them un mined UNLESS it can reach a commercial agreement with the royalty owner. un mined means ----NO INCOME Again Shandong using its head,unlike the last board. There are royalties at Coolgardie too and some may work out onerous,including dreadnought if i am not mistaken.
However the Laverton/CRE over riding royalties before the courts are the stinker in the ointment there. Old CRE documents list the royalties payable on certain pits and are worth a read.
DYOR+DYODD
FML Price at posting:
3.2¢ Sentiment: None Disclosure: Held
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