• Todd will pay Flinders A$10m to purchase an option over PIOP • Exercise price to acquire the project is A$55m plus ongoing royalty • Extensions of the option period would realise further A$10m payments to Flinders • Todd will pay Flinders an ongoing royalty of up to A$1.40 per tonne linked to the iron ore price • Agreement is subject to Flinders shareholder approval process and relevant consents
No payment if a NO vote
Cheers
1h
FMS Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
