FMG's involvement in the area gives the financial weight needed to any project development - project funding is the majour problem facing jnr resource plays atm. Banks are worried and so are the markets that funding will be an issue. FMG's involvement ensures that a sound project in the area will get the funding or a JV will be struck once a resource and project dynamics are established.
FMG are a good sign, but for now we only have had sniffs...I'm hoping for a massive whiff and some JV action - all is not lost just yet.
FMG's involvement in the area gives the financial weight needed...
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