screaming buy, page-12

MOUs spell out key terms- then they get finalised into a long form contract. I cant imagine an MOU that doesnt contain an agreement on price (i.e. the royalty rate). There is no binding agreement if you dont agree on price.

Im thinking the strategy must be to go hard at Bungaroo, using IV cashflow to fund mining cost share. This may be the strategy as revealed by recent hires, perhaps.

Interesting point by Fosters also that FMG may exercise the option before the end of 13 months to go into early production.

Im thinking there may be certain buyers looking to see where the action may go before buying or thinking that can wait 13 months at least before seeing any price action- they run the risk of having news flow not come as they expect it though.

It will be very interesting to see how Anketel goes and who who partner with on Bungaroo.

Interesting times still to come, the IOH story is certainly not over.