They'll take a farm in for a 40% free carry throughout I reckon.
A major won't take less, and they won't have to spent a cent.
Will make MAK, just on Wonarah, worth something between $5 and $10, on DBK's figures I guestimate.
They've got too many other good projects to be taken by IPL I think. Or they could just sell them the single project...unlikely.
Since their other projects are so junior I doubt a RIO or BHP would go there.
Just thoughts at this stage.
They'll take a farm in for a 40% free carry throughout I reckon....
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