Thinking about T/Os already?
Maybe look at the other players in the 33 Supersuite Granite Goldilocks Zone.
VSR, SUZ, DLI, MI6, AUG.
And now we are told FMG wants a toehold. And yes, l have no doubt Twiggy is a very smart chap.
And the only way he is going to get a position is by T/O or JV.
But who is/are his target/s?
VSR, maybe. I can't comment, only one I dont hold, and only because so many opportunities were up for grabs.
SUZ. backed by China, almost certain they will want to grab more if the Goldilocks is as good as expected.
Relations with China could be an important factor.
DLI ? Just read what David Flanigan has in mind - DSO spod concentrate from Mt Ida by Christmas, and bring Yinnetharra to production asap.
Recall he was boss of Atlas Iron and leant PMG a train and port facilities to get their first DSO spod to market.
MI6 ? Well just try to loosen Mr Tim Goyder's grip of that. Recall he sent a mega miner running who wanted his Liontown.
AUG ? Maybe, and when all is said and dug, they might hold the best Goldilocks.
So that leaves us. I would not be suprised to hear of a major cornerstone investment by FMG in RR1.
After that I would expect FMG would wait for proof of concept before commitment.
All depends on who wins the ballots for tenements.
All just speculation over a nice Barossa Old Vine Shiraz. Maybe too mellow for some.
Gl all, dyor, imo.
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