IOH iron ore holdings limited
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fmg option to license iron valley

  1. doctornoh
    2,525 Posts.
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    13/02/12
    16:40
    Post #: 9686171
    $25m non-refundable cash payment for a 13 month option to develop IV.

    If exercised, $20m cash payment, 2% to 5% royalty based on FOB revenue derived by FMG.

    FMG pays all costs of development.

    IOH Price at posting: $1.54 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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